On Wednesday, the S&P 500 was down 0.4% and Toronto was down 0.5%
Shopify was down 4.8%.
After the close CN Rail announced a small U.S. acquisition but it is pending U.S. approval. They said the deal “closed into a voting trust” pending approval. That may mean that CN starts operating it immediately and getting revenue immediately. I’m not clear on that.
The price of West Texas Oil slipped below $70 for the first time since July. That’s directionally negative for Alberta. But I’m not aware of any strong indications that the price will stay below $70. It can rebound very quickly. Meanwhile, I would not worry much about Alberta.