September 4, 2016

On Friday, the S&P 500 was up 0.4% and Toronto was up 0.8% (as oil prices recovered somewhat).

Our top gainer was our only European stock, Heineken, up 2.9%.

Friday’s U.S. jobs report was lukewarm – which allowed the market to largely shake off fears of a September interest rate hike.

Statistics Canada reported that spending on residential construction in Q2 was up strongly in B.C. but down 17% in Alberta. For single family homes in Alberta, the decline was 34%.

Statistics Canada also reported gains in Exports for Canada in July.