On Monday, markets were up as the S&P 500 rose 0.2% and Toronto rose 0.3%.
A notable gainer was Bank of America up 3.3% despite reporting an earnings decline of 20% in Q2 versus last year. Clearly the decline was expected. Bank of America plans to cut costs. I mentioned in my report that it likely needs to do that and I think it has the ability to do so as banking becomes more and more automated.
Melcor was down 4.4% but as always this is a volatile thinly traded stock and day to day moves in the order of 4% mean very little if anything.
Oil is down to $45.72 which is negative for many Canadian companies.