November 24, 2015

On Monday, the S&P 500 was down 0.1% and Toronto was down 0.4%.

As expected TransAlta got a bounce due to the Alberta climate change report and rose 9.4%. I don’t have TransAlta on the list but have mentioned it a few times lately.

I also mentioned Capital Power yesterday. It fell 10.3%. Capital Power issued a statement that seemed to indicate that it agreed with the Alberta Climate change approach.

I am not sure why this would be bad for Capital Power but good for TransAlta.

Perhaps TransLAta’s boost was more related to a leak of some news that it released very hnear the close of trading, after which the stock was halted for the day. TransAlta will get an investment from its partly owned subsidiary, TransAlta Renewables and from the Alberta Pension Management company.