Wednesday’s markets saw the S&P 500 up another 0.1% while Toronto was about unchanged.
Canadian Western bank was down 2.0%. Linamar was down 2.6%.
RioCan was up 1.7%.
The Globe and Mail reports that auto deliveries (I believe this is to dealers as opposed to sales to customers) were strong in September and will almost certainly be over 2 million vehicles delivered in Canada in 2017 which is a record high. This should be good news for AutoCanada. However, deliveries of Fiat Chrysler products (which is their main brand) were down 6% in September. Still, AutoCanada should report a strong Q3 compared to 2016.
Alberta has announced preliminary plans for marijuana sales. It looks like existing private hemp stores should be well positioned to get licensed. There will be no sales through Liquor Stores. I remain perplexed as to why Liquor Stores N.A. (no longer on our list) is trading at around $9.99. They have been paying out a dividend while losing money at least on a GAAP basis. The market is showing faith in the new management. I do not have that faith, but then again I am no longer following the company very closely at all.