Markets are noticeably higher this Monday morning.
AutoCanada is up 8% and Canadian Western Bank is up 3%.
The report on Toll Brothers is updated and rated (lower) Buy. It has done very well and its next quarterly report should be very strong. New home sales are very hot in the U.S. at the moment. But, Toll Brothers has been quite volatile in the past and could decline if new home sales begin to slow again. It had become my largest position and so I have just reduced my position somewhat for that reason and to raise cash.
The markets seem to be ignoring a lot of risks around the outcome of the November 3 Presidential election as well as the pandemic . Some caution is warranted.