June 18, 2019

Tuesday was a strong day in the markets as President Trump announced that he would meet with the Chinese leader. This was taken as good news for trade and the economy.

The S&P 500 was up 1.0% and Toronto was up 0.9%

SNC Lavalin was up 5.5% as it announced it had named an executive to lead a cost cutting effort.

Apple was up 2.3%.

The federal cabinet approved the Trans Mountain pipeline. But it’s not clear how soon construction will start and it is clear that opponents will continue to challenge the project in court through on the ground protests and attempted blockades. Markets should react positively but perhaps in a muted fashion given past false starts for this pipeline.

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