A partial recovery today of yesterday’s losses…
After the close Canadian Western Bank came out with earnings. The report looked pretty good to me. Underlying growth was quite good. The actual adjusted earnings per share were only up 4% however and so that is not too hot. But I think the under lying growth in loans and deposits should still be looked at favorably. If it happens to fall on Thursday (especially if the market is not falling overall then I would judge that to be a buying opportunity.
I am also expecting earnings from Melcor tomorrow, Thursday and expect a good report.
Meanwhile there will be news as to whether Greece got enough big investors to accept its big haircut deal. If not judged to be enough then markets would likely fall. If enough then markets should do well