December 4, 2016

On Friday, the S&P 500 was about unchanged, while Toronto was up 0.2%.

Canadian Western Bank (see the update) fell 2.6%. Presumably the Q4 report was considered less positive after analysts had more time to review it.

AutoCanada was down 3.5%. I may add to my position.

The jobs reports in Canada and the U.S. were moderately positive on Friday.

I have not been following or paying attention to the referendum that took place in Italy on Sunday. The people voted “no” to certain reforms and the Prime Minister is resigning.

The result is viewed as negative for markets. S&P 500 futures are down modestly on the news.

One positive is that the Euro is lower and so vacations to Europe are getting cheaper.

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