May 25, 2017

On Thursday, the S&P 500 was up 0.4% to a new record high, closing at 2415. Meanwhile Toronto was down 0.1% as oil declined to $49.50 after OPEC’s agreed output limits were apparently not as low as hoped by the oil industry. (Oil consumers would presumably feel differently.)

AutoCanada was down 3.0% to $18.50 and I added to my position at that price. I spoke to their investor relations person today and did not discover any news to explain the decrease in price. He thought perhaps it is the lack of new dealer acquisitions.

CN Rail was up 1.9%.