Markets returned to winning ways on Thursday as the S&P 500 was up 1.0% and Tronto was up 1.2%.
But after the close, Amazon and Apple reported disappointing results which pushed their shares down in “after-hours” (= oxymoron) trading. The Canadian market seems to be ignoring the “threat” of higher interest rates that could result from the Bank of Canada’s move to halt bond buying and to begin raising interest rates next year. The Canadian market may be sort of waiting until the U.S. market sees a similar threat.
TFI International was up 3.9% to a new high. It’s been a stunning performer.
Linamar was up 2.7%. It will be interesting to see how the chip shortage will have affected its Q3 sales. Hopefully, the market will treat any problems that way as being quite temporary.
Shopify was up 7.0%.