June 9, 2015

On Tuesday, the S&P 500 was about unchanged while Toronto was up 0.5%.

Oil was up about 4% and is now at $60.85 for the July West Texas futures contract.

Dollarama will report earnings tomorrow. I plan to update the analysis for Dollarama in the next few days. Its margins may have suffered somewhat due to the higher Canadian dollar but overall it probably had another strong quarter. Its one of the very best-managed companies in Canada.