March 1, 2015

On Friday, the S&P 500 fell 0.4% and Toronto was about flat.

Canadian Tire is updated and rated (lower) Buy at $131.72. On the numbers it would be a Buy but I it also faces almost certain headwinds due to the sharply lower Canadian dollar. The immediate impact has been hedged but the impact should be visible sometime in 2015 unless the Canadian dollar climbs above the 90 cents level.

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