On Tuesday, the S&P 500 was about unchanged with just a 0.1% decline. And Toronto was totally unchanged since it was still closed.
Hopefully, Toronto will be higher on Wednesday as it catches up to the two days off and to Monday’s big gain on the S&P 500.
Meanwhile West Texas Oil is back up to $76. Alberta is benefiting hugely from this in terms of higher royalties and corporate income taxes and generally more economic activity. The feds also benefit from higher oil corporate income tax from the energy sector.
Check out all the green on the Alberta Economic Dashboard
Twenty seven indicators in the green (meaning improved year over year). Only four items in the red and two of those are outdated (GDP and investment) as they are for 2020 and the 2021 figures will be green when available.