On Monday, the S&P 500 was up 0.75% and Toronto was up 0.5%.
Couche-Tard was up 3.5%. They are set to release earnings tomorrow. This has been fantastic comp[any and investment for many years.
Their exposure to selling vaping products is a potential worry. It might be wise for them to cease selling at least the flavored kind.
Toll Brothers was up 2.2%. They will report earnings in early December. I do wonder what affect the wild fires have had on their sales in California which has been a weaker market for them in recent quarters.
Statistics Canada reported that wholesale sales rose in September but that was after several weak months.
The big utility, Fortis Inc., is out with a share issue. I considered grabbing some but then I saw that the price was $52.15 which is not much of a discount to the closing price of $52.69 and so I decided not to buy any. As of 10 pm eastern time, TD Direct is showing the issue is still open. This may indicate that the price is a bit too high to attract buyers. Given the share issue, I expected to see that Fortis was making an acquisition. Instead they say the funds are for their capital investments but not acquisitions. That seems a bit odd to me. I believe Fortis has normally been able to fund its capital additions from its operating cash flows. But they seem to be indicating that capital spending will be unusually high in the near term. Fortis has been somewhat highly leveraged with debt at the holding company level. If they reduce debt leverage that could reduce their ROE.