January 7, 2019

Markets rose on Monday with the S&P 500 up 0.7% and Toronto up 0.5%.

Rate reset preferred shares rose with the Canadian Western Bank pref share on our list up 4.2% and the Enbridge one up 3.7%.

Couche-Tard was up 2.5% and sits basically at an all-time high.

Constellation Software was up 4.5%.

AutoCanada however was down 4.6%.

West Texas Oil has risen to $48.73. More importantly for Alberta, Western Canadian Select was at $39 today. Presumably the mandated productions cuts are having an impact. This is much-needed good news for Alberta.

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