August 29, 2022

On Monday, markets continued to react negatively to the news from the FED that interest rates will probably be going somewhat higher than the market previously expected.

The S&P 500 was down 0.3% and Toronto was down 0.2%.

TFI International was down 6.5%. I did not see any reson for that.

My next update will be for Linamar. It’s been hit by the pandemic and then the supply chain issues in the auto sector. But it is a well run and ambitious company. I suspect it will soon be on the upswing.


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