Monday’s session saw the S&P 500 down 0.2% and Toronto up 0.35%.
Shopify was up 2.9%.
Canadian Western Bank was down 3.5% after analysts suggested its non-interest (mostly staff) expenses were too high. It has added staff to position itself for growth. It is good value as it trades under book value. Its move to a mre advanced risk management system was intended to allow it to leverage its equity more. But partly or largely due tot he pandemic the transition tot he new method will be delayed (yet again). CWB’s ROE may continue to be lower than its historic level for at least another year.
Toll Brothers was up 2.7%. Then, after the close it reported basically a blow-out and record quarter. Earnings were similar to last year and modestly higher on a per share basis. But its contracts to build houses rose a stunning 68%! Headlines indicate that it beat expectations. Yet the stock is apparently down 3.5% in after-hours trading.