August 25, 2020

On Tuesday, the S&P 500 rose another 0.4% while Toronto was down 0.1%.

Starbucks was up 5.1%. Shopify was up 3.8%.

After the close, Toll Brothers reported strong results. How the stock price reacts will depend on the extent to which strong results were anticipated. The stock is up 2.6% in after-hours trading.

The Q3 bank earnings season is underway for Canadian banks. Bank of Nova Scotia disappointed with higher loan losses while Bank of Montreal exceeded expectations.

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