U.S. markets were closed on Monday for the martin Luther King Jr. holiday. Toronto was up just 0.15% on the day.
Apparently, the next thing to worry about is the U.S. debt ceiling crisis. They go down to the wire with this thing every few years and once in a while fail to increase the ceiling until after they have to sort of shut down government and send most federal employees home. It’s quite possible a shutdown will happen on Friday this week. But the market has seen this game of crying wolf a few too many times and may not get too panicked about it. It’s all just a negotiation tactic and will get resolved soon enough I think.
See also my update on Couche Tard and my comment on VBAL just below.