July 22, 2020

On Wednesday, the S&P 500 was up 0.6% while Toronto was about unchanged.

Linamar was up 5.0% to $40.81. Toll Brothers was up 6.9% to $36.69 and AutoCanada was up 3.9%.

Ceapro slipped back 5.6% to 67 cents.

The latest rail car loading statistics were out. In the U.S. the latest week does show evidence that traffic is moving higher. But it still remains well below last year’s level. Motor vehicles and parts has recovered to last year’s level. Grain shipments were up sharply compared to the prior week. Intermodal, which is consumer goods, moved higher and is approaching last year’s level. The picture in Canada was relatively similar.

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