February 26, 2019

On Tuesday, the S&P 500 was down 0.1% while Toronto was up 0.1%.

Couche-Tard was up another 2.7%.

Stantec was up 1.9%. It will report Q4 earnings on Thursday. The hope is that with the sale of it construction Services division it can get back to reporting growth it its core business.

Toll Brothers reported Q1 fiscal 2019 earnings after the close. There were positive and negative aspects to the report. Pre-tax earnings were up 15% but that is based on homes delivered that were contracted for about a year ago. New contracts this quarter were down 31% in dollars and 24% in number of units. But the company indicated that contract sales started to turnaround somewhat in February. The shares were up 3% after hours. So far, it appears that the earnings report was better than expected. But tomorrow will see a more complete reaction to the results.

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