On Monday, the S&P 500 fell a modest 0.4% despite the Greek vote to reject the creditors’ offer. Toronto was down 0.6%.
And as of this evening futures are predicting that the market will open modestly higher on Tuesday.
The bigger move was in oil which is down to about U.S. $53 partly due to a slight increase in the drilling rig count in the U.S.
Taking a look at rail car load reports, they are down somewhat from the year ago figures. This is not a positive indicator for growth.
The next company to be added to our list will likely be Auto Canada. I am curious to learn more about the margins on car sales and the economics of the dealership business.