On Monday, the markets basically voted that the Omicron virus is not a big threat to North American stock prices.
The S&P 500 was up 1.3% while Toronto was only up 0.1%.
Enbridge was only down 2.1% after getting an unfavorable regulatory ruling on Friday.
I am working on an update for AutoCanada. The company has done very well over the past year. But the stock went from about $24 at the start of this year and rose to a peak of $59 but has recently plummeted to about $33. My preliminary view is that it looked under-valued now. Current management is very strong.
All the big Canadian banks are reporting fiscal 2021 and Q4 earnings in the next week or so. And they are expected to announce big dividend increases.
I notice Laurentian Bank last week announced a significant write-off. It seems to repeatedly get into trouble. It’s valued about half of what Canadian Western Bank is. I’d like to see CWB buy them out and become a national bank. Perhaps unlikely but it would seem a good fit in many ways. But Quebec would likely be very much against it. And maybe it would be too hard to have a French division of CWB.