Friday was yet another positive day for stocks with the S&P 500 index rising 0.4% and Toronto up 0.5%.
Enbridge was strong with a 3.0% gain. Starbucks was even better with a 4.2% gain.
VISA was up 3.8%, Toll Brothers gained 2.7%.
It’s been very good times for stock investors (which is to say owners of corporations and therefore participants in the economy).
Next up will be the market’s reaction to the Democrat’s infrastructure bill passed on the weekend. It was likely about as expected and so there may not be much reaction. Or will it be reason for another push higher? We shall see starting tomorrow morning. (The futures market will foretell the reaction starting at 6 p.m. today.)
P.S.
As of 9 pm eastern futures markets are down slightly.
A B.C. court has ruled in favor of Edward Rogers new Board members. The existing Board members will apparently appeal and apparently Edward Rogers is not standing in their way.
I would suspect that both Rogers Communication and Shaw Communications will decline somewhat in price on this news.
Again, I am interested in the fact that feuding family holds all their shares in a Family Trust. I suspect this was done partly to avoid income taxes on the death of Ted Rogers. But I have seen no mention of this.
P.PS. I now se news that Roger Communications Inc. will not appeal. Well, it would have been odd to see the corporation appeal against it’s now confirmed new Board of directors. And the departing board members were not likely willing to pay for an appeal. Perhaps now the shares will head back up as the uncertainty has been much reduced. Ed’s in Charge.