February 9, 2022

Wednesday was another positive day in the markets with the S&P 500 up 1.45% and Toronto up 1.1%.

Shopify bounced up another 4.9% in Toronto.

TFI International was up another 5.5%.

CN Rail was up 1.3%. I will post an update for CN tomorrow and it will most likely be rated (lower) Buy or Buy. It’s a great company. About the only knock against it is that it could be considered somewhat expensive. But then so is most of the market. At the moment it may be benefiting somewhat from the border blockades that trucks face.

 P.S. After the close Andrew Peller released its fiscal Q3 results which were quite weak. And they appear to be forecasting more weak quarters ahead although they speak of long term growth. This has been quite a disappointing company and investment. It probably needs a management shakeup but that does not seem to be in the cards given the family ownership and family management.

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