March 11, 2016

Stocks were up pretty much across the Board on Friday. The S&P 500 was up 1.6% and Toronto was up 1.1%.

Some of the notable gainers included:

Liquor Stores N.A. was up 5.7% as some investors apparently agree that cutting the dividend could signal more growth and probably just due to getting rid of the prior uncertainty as to when the dividend would be cut.

AutoCanada up 3.7%.

Wells Fargo up 3.2%.

Toll Brothers up 3.4%

Bank of America up 3.9%.

Statistics Canada reports that the Alberta unemployment rate is up to 7.9%.

The Melcor REIT reported strong earnings this morning. Melcor itself reports, I believe, Tuesday of next week. The stock price reaction will likely hinge more on the outlook and fears than on the actual results.