November 30, 2018

On Friday, the S&P 500 was up 0.8% while Toronto was about unchanged.

AutoCanada was up 10.7%. This may have been due to an analyst recommendation given that the company did not release any news.

Boston Pizza Royalties was up 3.3%. After the close it announced that the CFO of Boston Pizza International was leaving to pursue other opportunities. This appears to be a completely friendly parting.

Constellation Software was down 2.9%.

Melcor Developments was down another 2.3% to $12.50. The company continues to buy back 1262 shares each day. It’s a tiny amount but that is all it is allowed due to the thin trading liquidity. It is also allowed to make one block trade per week over and above that but so far that has not happened. I don’t particularly to expect to see any such block trades.

Canadian Tire and Dollarama were each down 2.0%.

On Saturday, President Trump will meet with the Chinese leader regarding trade tariffs and barriers and the results or lack of results from that meeting are likely to affect markets on Monday.

Next week, Toll Brothers will release Q4 earnings on Wednesday and Canadian Western Bank will release Q4 earnings on Thursday morning.

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