Markets were down noticeably on Monday. By most accounts it is just a healthy breather of sorts for the markets. It will not necessarily signal the start of a bigger decline. The S&P 500 was down 1.7% nd Toronto was down 1.6%.
Accordingly, almost all the stocks on our list were down.
Fortis Inc. bucked the trend and gained 0.4%. Wine producer Andrew Peller was up 2.1%.
I took the opportunity to buy back another chunk of the CN Rail shares that I had sold last month due to uncertainty about the Kansas City Southern deal. This is a high quality company and I would like to just hold it for the long term.