March 12, 2024

Tuesday was a positive day for stocks as the S&P 500 rose 1.2% and Toronto rose 0.3%.

Toll Brothers was up another 2.4% and then announced a 10% dividend increase after the close.

Cameco was up 2.95%.

Costco was up 3.2%.

TransAlta went the other way losing 6%. This was after news that Alberta will move to curtail the ability of certain large generators in Alberta to offer in power only at very high prices in certain circumstances. It may also be thought that TransAlta’s plans to buy additional generators in Alberta (the Heartland acquisition) will be in jeopardy as the government is concerned about market concentration.

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