July 7, 2016

On Thursday, the S&P 500 was down 0.1% and Toronto was down 0.7%.

Oil was down 4.7% to $45.21.

Costco was up 4.9% on a positive June sales. It seems expensive at 30 times earnings but people keep paying up for its high quality.

Insured losses in Fort McMurray are estimated at $3.6 billion. Apparently most will be borne by reinsurance companies. But  I expect that it will be revealed that some small Alberta insurance companies such as Peace Hills will face major hits. (Maybe crippling hits)



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