March 30, 2016 11:30 am eastern

Markets are strong this morning with the S&P 500 up 0.6% and Toronto up 1.0%.

Dollarama is up 6.3% based on its strong earnings report.

Stantec is about unchanged at $31.98 which is impressive given that it just successfully closed an issue of subscription receipts amounting to a 21% increase in its share count at $30.25.

Statistics Canada reports that rail car loadings in Canada were up 3.7% in January and that car loading originating in Canada were up 6.4%. There were gains in both bulk commodities and in inter-modal freight (typically consumer goods). Tonnage arriving from the U.S. was down 18%. Overall, this is evidence of strength in the Canadian economy and domestic production. However I seen other reports that suggest that car loadings in January were slightly lower than in 2015 and that there was a relatively sharp decline in March. So the message here is rather mixed.