On Wednesday, the S&P 500 was down 0.4% and Toronto was down 0.3%.
Bombardier was down 4.6% after QATAR Airlines said it was no longer interested in the C Series after all the delays and had basically forgotten about it (ouch).
Canadian Western Bank rose 0.7% and then released earning’s after the close. The bank reported lower growth than previous quarters but did still manage to grow about 3%. It did indicate the Alberta economy was weaker but pointed to strength in BC and Manitoba. It also noted that it will have again of more than $1.25 per share due to the two pending sales of two small non-core divisions. To me the company looks like good value. Where the market will push its price tomorrow really depends on whether investors focus on the positives or the negatives.