Markets were Quiet on Tuesday with the S&P 500 up 0.1% and Toronto essentially unchanged.
We are now in the thick of Q4 earnings reports for U.S. companies and a few early-bird Canadian companies have also reported.
After the close CN Rail reported a strong Q4 report and raised its dividend 8%. How grand it is to be in a duopoly business. But they did “warn” that 2023 earnings may only go up very modestly due to the expected recession. The stock fell 2.85% in U.S. After-hours trading.