December 22, 2020

Markets were “mixed” on Tuesday with the S&P 500 down 0.2% and Toronto up 0.3%.

Shopify surged 7.3% to a new record high close. Apple was up 2.85% and Constellation Software was up 4.6%. A great day for these digital economy stocks. 

RIWI was down 4.55% but it is a small and speculative company and so volatility comes with the territory.

AutoCanada was down 4.8% to $24.10 perhaps due to the various shutdowns. Motor vehicle sales are still allowed in Ontario, but by appointment only. 

President Trump has posted what seems to be a smart video where he complains about the tiny $600 per person COVID rescue bill and  ridicules all the nonsense that is in that 5000 page bill. Apparently it is an “omnibus” spending bill. Whatever it is, Trump is probably right to ridicule it and ask for more money for Americans who need it.

 

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