On Wednesday, markets were higher most of the day but weakened near the close. The S&P 500 ended the day down 0.1% while Toronto was up 0.1%.
Autocanada added 5.1% as analysts must have liked its recent news.
Stantec was up 2.6% to $40.06. That’s a great recovery from lows around $28 jut four months ago. But Stantec had also approached $40 way back in August of 2014 and so the new high has been a long time coming.
Apple was up another 2.1%.
The latest rail car loading figures were out today. These are considered a good indicator of economic activity.
In the U.S. rail car loadings in the latest week were noticeably below the levels of the corresponding week in each of the last three years. In Canada, rail car loadings rebounded from a weak showing last week and are running slightly above the levels in the corresponding week in 2019. Apparently, at least when it comes to goods movements, the Canadian economy is doing better than the U.S. Click through to see the graph and you can look at the results by Country adn by commodity.