On Tuesday, the S&P 500 was up 0.5% and Toronto was up a hefty 1.3% – partly due to playing catchup as it was closed yesterday.
Within a few days we will start getting the first of the Q3 earnings reports. There is always some news or other to move the market.
My next update will be for Alimentation Couche-Tard. This is one of Canada’s very best corporations. But you never hear much about it. It consistently earns over 20% return on equity and that’s with zero government help. With the vast majority of its revenues coming from outside Canada it is bringing wealth into this country for its share owners. An unsung here.