March 17, 2016

Markets were strong on Thursdays as the S&P 500 rose 0.7% and Toronto rose 1.1%. Oil (West Texas) is at $41.58 and the Canadian dollar will buy 77 U.S. cents.

Notable gainers today included: Fedex up 11.8%, Stantec up 4.4%, Bombardier up 7.8% and the Bombardier pref share up 7.9%, AutoCanada up 3.2%, TransForce up 2.8% and Canadian Western Bank up 2.9%.

AutoCanada released earnings after the close. As expected, results were down versus Q4, 2014. There was also a write-off. Overall, given low expectations, I am not sure there will be much market reaction but we shall see tomorrow.

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