Greetings from Athens where the weather is very nice and the City seems quite vibrant and busy with tourists.
On Wednesday stock markets were down somewhat. On Thursday as of 1 pm eastern the S&P 500 is down 1.1% and Toronto is down 0.55%.
It’s not surprising or alarming to see stocks give back some of the recent gains as it appears that the central banks are not finished increasing interest rates.
I think CN Rail and Canadian Tire are both attractive long term investments both now at around $149.
Linamar announced a small acquisition. It has a volatile history but is well managed and is attractively priced.
Starbucks raised its dividend by 7.5% and while not cheap is a high quality stock for the long term.