August 28, 2019

On Wednesday, the S&P 500 was up 0.65% and Toronto was up 0.5%.

Most stocks were up while most of the rate reset preferred shares were down a little.

National Bank reported good results. Hopefully, Canadian Western Bank will as well.

Checking the latest rail car loading reports out today (a good indicator of economic activity) the pattern continues of the U.S. being weaker than last year. Canada has been running at or above last year most weeks (so a record high level) but this week was slightly below the same week last year. Not enough below to indicate any concern.