On Friday, the S&P 500 fell 1.8% while Toronto was up 0.1%.
Bombardier was up 16% after announcing that it received the expected certification for the smaller version of its new C-Series plane and also announcing a significant rail car contract. I expect Bombardier to announce some additional sales for the plane before too long but unfortunately the buyers will likely get significantly discounted polices as Bombardier is desperate for sales. I would think also that Bombardier should be benefiting from the sharply lower Canadian dollar.
I reduced my Wells Fargo position in order to free up some cash to transfer back to Canadian dollars to lock in the exchange rate gain on a portion of my portfolio.