October 19, 2016

Wednesday’s market saw the S&P 500 rise 0.2% and Toronto rise 0.6%.

Oil was up over 1% and is now at $51.44.

Canadian Western Bank was up 1.5% and Auto Canada was up 1.6%. This may have been related to the increase in oil.

Visa was up 1.5% after releasing earnings and increasing its dividend by 18%. American Express was up 1.9% and then released earnings after the close and was up an additional 5.5% in after hours trading on an improved earnings forecast.

There was a report that U.S. housing starts were down in September. However, single family starts were actually up 8.1% which bodes well for Toll Brothers.