Thursday was a positive day for stocks. The S&P 500 was up 0.5% and Toronto was up 1.7%. Oil was up 4.4% to $33.72.
CN rail was up 3.4% on strong earnings driven by lower fuel costs and cost control. Canadian Western Bank was up 3.8%.
Bombardier fell 10% to an embarrassing 89 cents apparently on fears of being expelled from the TSX index. I figure that is the least of Bombardier’s problems. It’s future price depends on its performance not whither or not it is in the index.
Amazon fell to 13% to $550 after hours after its profits and revenues failed to meet expectations.