On Canada day, the S&P 500 was up 0.7% while Toronto markets were closed.
On Tuesday the S&P 500 had been up 0.2% while Toronto had been up 0.4%.
The Canadian dollar fell on Canada day and sits at 79.45 U.S. cents per Canadian dollar, or 125.9 Canadian cents per U.S. dollar.
Oil has fallen and is at U.S. $57 per barrel for West Texas Intermediate on the August contract in New York.
The first half of the year has not been great or even good for North America stock markets. But is has not been that bad either. Experienced investors know that markets don’t rise in straight lines.
Investing is often a game of waiting. Markets now await further news out of Greece. And they await the Q2 earnings reports and also the various economic data that arrive weekly, monthly and quarterly.
Since investing is so often about waiting a good approach is to favor companies where time is on the investors side. Companies with good economics that provided needed products and services at a profit and that can be expected to grow their profits over the long term even if the next quarter is hard to predict. Costco is certainly one such company though it does seem expensive.