Happy Canada Day! Wow, half way through 2021… Toronto markets are of course closed today.
On Wednesday, the Toronto was about unchanged. Couche- Tard was up 3.5% after its earnings release. West Fraser Timber was up 3.2% and AutoCanada was up 3.2% as well.
The next update will be for Canadian Tire and it will be rated (higher) Buy or possibly (lower) Strong Buy. It’s been firing on all cylinders for a long time and the recent price drop is a good opportunity I believe. I plan to add to my position. I think it is a high quality name for a long-term hold.
The S&P 500 was up about 0.1% on Tuesday and is up 0.3% this morning.