February 14, 2016

On Friday, the S&P 500 was up 1.9% and Toronto was up 2.4%.

Oil was up 11% on hopes that OPEC would soon resume the collusion and production curtailment process that in the past kept oil prices artificially high.

This week there are earnings reports to look forward to including Bombardier (which will no-doubt be extremely ugly) on Wednesday and Constellation Software also on Wednesday. Canadian Tire and RioCan will report on Thursday. For Canadian Tire the big story may be whether the dollar is finally start to hurt them or at least cause their prices to rise. For RioCan I am interested in hearing why they bought back those pref shares at par.

North America markets are closed on Monday.