On Thursday, the S&P 500 was up 0.4% and Toronto was up 0.1%.
Dollarama soared 11.3% after reporting better than expected results and an improved outlook.
AutoCanada was up 4.3% after announcing the sale and lease-back of three more of its dealerships. These transactions have pluses and minuses. They generate cash but commit AutoCananda to lease payments. To the extent they are done on a strategic basis, that is perhaps a good thing. To the extent they are done more of a last resort they are not a good thing. Hopefully they are another sign of new management being active to turn things around at AutoCanada. In related news, reports indicate that revenues at new car dealers are up despite lower new car sales. This is due to stronger used car sales at those dealers. Also average prices are up driven by increases in truck prices.
I plan to add Lulu Lemon to the site in the next few days or so. It has very strong brand power and earns high margins.