May 13, 2020

Markets were down on Wednesday as the Fed chair predicted that the impacts of the pandemic would be realtively long lasting.

The S&P 500 was down 1.75% and Toronto was down 2.5%.

After the close, Linamar posted weak earnings for Q1 but strong cash flow. They also cut the dividend in half. I will update Linamar after seeing how the market reacts.

Thr latest rail car loading report for both the U.S. and Canada shows continued weakness and no sign yet of any increase due as the economy starts to open up.

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