November 13, 2023

On Monday, the S&P 500 edged down 0.1% while Toronto was up 0.3%. (I understand oil prices were slightly higher)

Stantec was up 2.3%.

Dollarama hit $100. My god, that is a profitable business.

Constellation Software was up another 1.9%. This has been one incredible business for years. It also spun off at least one business, (I think two now) so you have to add those to the returns of long-time owners.

Linamar was down 3.3%.

AutoCanada was down another 4.6%. I’m digging into their results. Q2 had been highly profitable but Q3 was quite bad indeed and it’s not clear that the next few quarters will be good at all. But I want to dig into it a lot more yet.

US inflation numbers come out tomorrow (Tuesday) and the markets await with bated breath. The markets, being forward looking, are always awaiting and trying to anticipate the next big data point.



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