U.S. markets were strong today with the S&P 500 up 0.6% while Toronto was down very slightly.
Auto Canada was strong with a 4.1% gain.
Canadian Tire has slipped under $130. It is suffering as people cut back on non-discretionary spending. But Canada Tire had been doing very well for many years before the recent profit decline. It has been very well managed. If they can turn things around then the stock will rebound. Q1 is never a strong quarter for them but hopefully by the time they report Q1 they will be able to point to a better outlook ahead.