On Friday, the S&P 500 was down 0.5%. But Toronto was up 0.25% and sits at a record closing high.
Canadian Tire was up 3.35% to $148.82. This is a good recovery from the $133.43 level of our update of last month. The recovery is likely due to analyst reports indicating that the stock was under-valued.
lululemon was down 2.2%. FedEx was down 2.4%. CN Rail was down 1.9%. It seems that the market is worried that the world economy is slowing.
Statistics Canada reported that retail trade was up in July for the first time in three months. But the increase was less than analysts had predicted.