Wednesday was a positive day in the markets as the S&P 500 rose 0.6% and Toronto was up 0.2%.
Shopify continues to have tremendous investor support with a 4.1% gain today.
Other gainers included: WSP Global – up 2.2%, Stantec – up 2.2%, and Couche-Tard up 2.2% to an all-time high.
Canadian Tire however was down 2.3%. It appears that the analysts were not happy with its Q1 results despite its excellent same-store sales growth.
Statistics Canada released inflation figures for April. Overall, inflation was up 2.0% from April 2018 which is at the mid point of the Bank of Canada 1 to 3% target for inflation.