August 14, 2018

Tuesday’s markets were strong with the S&P 500 up 0.6% and Toronto up 0.5%.

Dollarama was up 4.0% although it did not issue any news. Many stocks were up in the range of 1% to 1.5% today. Linamar was up 2.0%.

Stantec was down 0.4%. But after the close it revealed that it will acquire a British engineering consulting firm with 700 employees. This is a fairly large but not huge acquisition for Stantec which currently has 22,000 employees including 2400 in the U.K. But it does illustrate that Stantec continues its long-standing practice of growth by acquisition. I suspect the market will view this as a positive development.

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