February 11, 2015

On Wednesday, the S&P 500 was unchanged and Toronto was up 0.3%.

FirstService jumped 7.1% after announcing earnings and that it will split into two separate companies.  Onex was up 2.2%.

Bombardier was up 4.8% (albeit to just $3.04) after an industry group indicated that Bombardier had a very strong Q4 in deliveries of business jets. It reports earnings (okay, in its case losses) tomorrow and perhaps there will be some good news.

Canadian Western Bank was down 3.1%. This could be partly due to lower oil prices. But clearly the market was not too excited by its sale of its insurance operation. I continue to like Canadian Western Bank. It will almost certainly be around and be bigger in five years and in ten years.