Stocks were mostly down on Wednesday as the S&P 500 fell 0.4% and Toronto fell 0.65%.
The increased virus cases in the southern U.S. could cause the market to cool its enthusiasm.
I’m going to take a look at Alcanna, symbol CLIQ, which owns liquor stores in Alberta and also owns some cannabius stores. Liquor sales to consumers have increased during the pandemic. And the stock has shown somw life recently.
The latest rail car loading reports were released today and may provide some indication of the economy is reopening.
In the both Canada and the U.S. rail car traffic was noticeably up verus the prior week but remains well below 2019 and 2018 levels. Motor vechicles and parts is continuing to show a dramatic recovery – not back to the old levels but surging higher for the past five weeks. This should bode well for auto-related stocks.