Toronto was on ts own on Thursday and gained 0.1% as U.S. markets were closed.
Canadian Tire was up 0.8% to just under $156. I think Canadian Tire will continue to do well. They are doing lots of promotions with their Triangle reward card to pull customers in. Mark’s probably has too many sales. But I notice their prices are relatively high. I think Mark’s is increasingly a destination for higher quality brands that come with higher prices. It is not a discount store. But it is busy.
My next update will be for wine maker, Andrew Peller. I am still working on it but I expect it to be rated somewhere in the Buy range. It has posted somewhat lower earnings recently. But there were some one-time items and it looks like they are set to improve earnings in the coming quarters. I’ll post more details tomorrow.