Wednesday was a strong day in the markets and today, Thursday is strong as well.
Canadian Western Bank and Melcor have risen somewhat.
Couche-Tard (note, our analysis is out of date due to the large price increase) is up 7.6% after announcing a large acquisition. There has just been no stopping this company. I have long said it is one of the best managed companies in Canada. In July I thought it was a reasonable but not a screaming buy at $29.26. Now it is $45.78. I sold my shares a few years ago after gaining a bout 100% and thereby missed out on much larger gains. The value was helped by the lower Canadian dollar as most of its revenues comes from outside of Canada.
When it comes to world markets I wondering what the fallout will be from the Russian situation. Also, I wonder who has lost money on oil futures. When there are massive changes in currency values and commodities there are huge traders and possibly investment banks somewhere that are on the wrong end of those bets. And their losses can cause ripple effects on financial institutions. So far I have no seen any news or concern about this.