September 12, 2018

On Wednesday, the S&P 500 was about unchanged while Toronto was down 0.3%.

West Texas Oil was back over $70 U.S. dollars.

Linamar was up 5.8% and AutoCanada was up 4.5%. I did not see any news to explain this. When (if?) a NAFTA deal is announced these two stocks should benefit, especially Linamar.

CRH Medical was down 8.3% in Toronto and 5.6% in U.S. trading. It has been a volatile stock.

CN Rail indicated at a conference that it is moving 50% more crude by rail in Q3 to date than last year’s Q3. With Tran Mountain delayed, CN and others will be more willing to invest in tanker cars to expand this business. CN is another stock that will benefit when (if?) a NAFTA deal is reached.

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