March 9, 2023

Markets were pretty much a sea of red on Thursday with the S&P 500 down 1.85% and Toronto down 1.3%.

Linamar got spanked down 13.7% after releasing earnings and a weak outlook.

Aecon Group (up 0.7%) and Constellation Software (up 1.1%) and Dollarama (up 0.6%) were about the only gainers on my list.

The market appears to have been worried about the February jobs report out tomorrow. A strong jobs report will signal higher interest rates adding to the already strong expectation for higher interest rates.

After the close, Toll Brothers announced a modest 5% dividend increase.

Yesterday American Express announced a 15% dividend increase.

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