On Friday, the S&P 500 was down 0.2% and Toronto was down 0.4%.
Costco was up 5.1% after reporting earnings.
AutoCanada was up 2.3%. It’s scheduled to release earnings on Thursday, after the close. Given its troubles in 2018 and given it is trying to right the ship, it seems like anybody’s guess as to whether its earnings release will give much comfort to the market or will instead contain more unexpected bad news. The troubles in 2018 were partly related to weaker Canadian auto sales generally and the disappointing news regarding Alberta’s economy. But it also suffered a huge self-inflicted wound with its strange botched purchase of U.S. dealerships that led to a big write-off within mere weeks of the purchase. That debacle is why the company is under new management.
As of Sunday evening, markets appear set to open moderately lower.