November 1, 2017

Wednesday saw the S&P 500 rise 0.2% while Toronto was about unchanged.

Canadian Western Bank retreated 1.9% which was not surprising after its 4.8% gain of Tuesday which did seem a bit overdone.

Linamar was up 1.7%.

Toll Brothers was up 1.3%.

I mentioned this morning that I thought that the Competition Bureau looking into price-fixing was a good thing. Back in April I addressed in a newsletter article the lack of intense competition that many businesses face. (Good for investors, bad for consumers.)

CRH Medical reported Q3 results after the close. They did make a profit but not as high as the prior year. Overall, given how much the stock declined from its peak I think the report could support an increase for the stock. I will update the report in the next few days.

On a personal note, back in June I mentioned that I have a son who had just graduated in Geology / Earth Sciences from St. FX University in Nova Scotia. He has a strong resume, well rounded in academics, sports and life skills. A couple of subscribers have been very helpful pointing out possible leads on geology jobs. But, with the summer job over, he is still looking…  if anyone is looking to hire a Geology / earth sciences graduate or knows of someone looking or just wants to offer advice, email me at and I will pass on the information. Plan B, given the RESP account can handle it, is to go back for a masters, possibly in Australia or the U.S.A. No sense limiting things to Canada.