On Tuesday, the S&P 500 was down 0.3% and Toronto was down 0.4%.
It appears that the market is taking more notice of the worsening pandemic situation.
Stocks on the rise included Shopify (3.7% after announcing a deal with TicToc that is intended to bring in more merchants for Shopify) and Amazon (up 2.5%).
AutoCanada gained another 2.6%. Analysts are expecting it to report a strong Q3 it seems.
Restaurant Brands was down 3.8% after reporting earnings.
Canadian Western Bank was down 2.7% probably related to news of layoffs in the energy sector in Alberta. But meanwhile HSBC Canada reduced its estimate for loan losses – that bodes well for other banks.
Regarding CRH Medical: I heard a report today that the U.S. health department is suggesting that annual colon cancer screening age be moved down to age 45 and up. The same report indicated a colonoscopy should be done every 5 to 10 years while the stool test should be done annually. This would be positive for CRH if it led to more colonoscopies. But it may be that people right now would put off getting colonoscopy procedures until the pandemic subsides. That would be negative for CRH.