On Thursday, the S&P 500 was down 0.4% and Toronto was down 0.1%.
Walmart ended the day up 9.6%. This was based on an earnings report that was not very strong but which exceeded expectations or fears.
Couche-Tard was up 2.5%.
Toll Brothers announced an extended and increased line of credit. $1.2 billion, unsecured. The company indicated that the increased borrowing capacity would support its growth as the housing market recovery continues. Toll Brothers will release earnings on Tuesday. The stock appears to be priced to provide strong returns.
Oil is currently at $49.24.
The National Energy Board has recommended that the Kinder Morgan Trans Mountain pipeline expansion go ahead albeit with 157 conditions. This is positive news for the oil industry and Alberta though final approval is still a ways off.