August 2, 2015

On Friday, the S&P 500 fell 0.2% while Toronto rose 0.6%

The Canadian Western Bank preferred shares fell 3.4% to $20.76. At that price I would definitely be a buyer. These shares were close to $25 as recently as early May and have fallen with interest rates and oil prices. I don’t think the decline is justified.

Bombardier fell another 7.4% as the market was apparently not reassured by its earnings report and conference call on Thursday.

Canadian markets are closed on Monday.


Scroll to Top