July 9, 2017

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

I mentioned in the last post here that I liked Alimentation Couche-Tard under $60 and I added to my position in that on Friday. It’s no screaming bargain but I like the management and suspect it will continue to do well. It reports earnings this week.

Costco was down 1.9% to $154.11. I started a new and small position in Costco. Again, this company never appears to be cheap but it is an excellent business and so I bought a small amount on this pull-back.

Statistics Canada released the June labour force survey results and it was considered to be a strong report and is expected to be the final straw that will insure the Bank of Canada raises interest rates on Wednesday.

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