On Tuesday the S&P 500 and Toronto were both up 0.5%.
TFI International was down 2.2% giving up part of recent gains. In contrast Constellation Software was up 2.5% recovering part of a recent decline.
FedEx was up 2.2% and has been volatile of late.
WSP Global was up 2.5% after announcing yet another acquisition.
On Tuesday morning, Statistics Canada released May GDP figures showing a 0.5% gain in May versus April with an almost unprecedented 19 out of 20 sectors growing but in part this was explained by weakness in April linked to weather.
I notice the Brookfield companies recently making acquisitions of publicly traded and paying fairly large premiums to the stock prices. This illustrates stocks can be under-valued (or over-). Brookfield are smart operators and the prices they paid probably indicates that investors were under-valuing those companies. Unfortunately though some companies (Melcor is probably an example) can remain under-valued because a controlling owner will never sell. But ultimately, value tends to surface.