June 5, 2017

Monday was a mildly negative day with the S&P 500 down 0.1% and Toronto down 0.2%.

Toll Brothers gave back 2.0%. Ceapro which is a speculative penny stock was down 6%.

Canadian Western Bank ended about unchanged today. I see some articles talking about its risks. I don’t know if these people were arguing to sell the stock when it was $40 or $30 or did they wait until it was down to $25 on fears to suggest selling / not buying? Maybe the naysayers are right but I don’t think so.

In the update for CN Rail I give figures on the increase in carloadings versus 2016. The growth in 2017 is very strong. It bodes well for the economy. It also ties into the fact that Canada’s GDP growth in Q1 was strong.