November 21, 2018

Wednesday was another interesting day in the market.

The S&P 500 was about unchanged. But Toronto was up 1.5% and almost all the stocks on our list were higher.

CN Rail was up 3.0%.

Constellation Software was up 3.1%.

TFI International was up 2.5%.

Royal Bank was up 2.4%.

Toll Brothers was up 2.8% as U.S. existing home sales rose in October (versus September, and presumably seasonally adjusted) after six months of declines. It seems that U.S. home sale figures are actually quite healthy but the home builder stocks have gone down considerably because the housing market is less healthy than it was six months ago and there are fears about the impact of higher interest rates.

U.S. markets will be closed on Thursday for Thanksgiving and I believe open only a half day on Friday.

 

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