On Thursday markets fell as stock markets started to get the message that the interest rate hikes may go somewhat higher than recently hoped. I mentioned yesterday that I expected markets to turn attention to that.
The S&P 500 was down 1.4% and Toronto was down 0.55%.
Shopify got hammered down 15.5% after indicating a weaker outlook. It’s a very volatile stock.
Canadian Tire was strong with a 5.0% gain after announcing a strong Q4.
My next update will likely be for Dollarama.