On Wednesday, the S&P 500 was up 1.8% and Toronto was up 0.5%.
Canadian Western Bank will report earnings either tonight or tomorrow morning. I expect certainly some increase in the allowance for bad debt and in delinquent loans. And I expect them to express some concern about future bad loans. But I also expect them to reassure that they don’t expect bad debt to get out of hand at all. Well, we shall see what they see.
Lately it seems like the market reacts strongly to negative news and not so much to good news so perhaps I should not expect any big increase in the stock no matter what the news but again, we shall see.