January 8, 2017

On Friday, the S&P 500 was up 0.3% while Toronto was down 0.6%.

Toll Brothers was down 2.0% to $31.24. It seems that home builder stocks are out of favor at this time. But I expect Toll Brothers to continue to grow its earnings this year and to buy back stock at opportune prices.

Statistics Canada released a positive report on the labour market on Friday. These reports seem to be increasingly volatile and subject to swings month to month. Therefore we should not get too excited about this one good report for December.

Statistics Canada also reported That Canada had a trade surplus in November, the first in a bit over two years. Perhaps the lower Canadian dollar if finally having a beneficial impact.




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