March 18, 2018

On Friday, the S&P 500 was up 0.2% and Toronto was up 0.3%.

Toll Brothers was up 2.1%.

The Canadian dollar was down and is currently at 76.3 cents. I had been wanting to move some U.S. dollars back into Canadian dollars and have used this latest drop to move some dollars. I can’t predict the direction of the dollar. Instead, I am reacting to the lower dollar. I am getting a better price (in Canadian dollars ) for my U.S. dollars than I would have last week or last month. In order to convert the currency I bought DLR.u (this is in U.S. dollars) on Toronto on the U.S. side of my account and had that “journaled” to the Canadian side of the account and sold it as DLR in Canadian dollars. For more information enter DLR in the search box on this page.

Futures markets are down very slightly as of Sunday evening. A headline indicates that the market does not care about Trump’s twitter meltdown. Trump’s policies may or may not be good for the U.S. but it is hard to imagine how his attacks on various institutions of government is anything good. At some point the market may decide to be scared of what is going on at the Whitehouse.