May 8, 2018

On Tuesday, the S&P 500 was about unchanged while Toronto was up 0.2%.

AutoCanada was down another 3.2%. (See update in the post before this one).

Melcor Developments released Q1 earnings after the close. I will be looking at this very closely and also will attend their annual meeting on Thursday.

Donald Trump announced that he will pull the U.S.A. out of the “Iran deal”.  It’s too early to tell if this will be positive or negative for world peace. But it will likely be bad for economic trade unless most of the rest of the western world continues to trade with Iran.

FedEx is transferring $6 billion of its pension obligations to an insurance company. FedEx will take a “non-cash” charge for this of an undisclosed amount.

Liquor Stores N.A. (no longer on our list) announced its Q1 earnings (well, Q1 losses). The company is now pinning its hopes on a future in Cannabis retailing.

Rail roads report traffic weekly. This past week CN Rail had the strongest growth of the North American Railroads.