On Tuesday, the S&P 500 was down 0.8% and Toronto was down 0.7%.
Melcor is showing a bit of life, up 3.3% to $15.70
Wells Fargo down 1.7% and Bank of AMerica down 3.2%
AutoCanada was down 3.0%.
My road trip continues, Ottawa last night, stopped in Petawawa at the moment.
As always, auto dealers seem to be one of the most prosperous looking businesses that we pass. We passed no less than four large new looking Toyota dealers just in Nova Scotia and New Brunswick. It seems to me that owning AutoCanada with its 57 dealers is going to work out well especially as the recovery in Alberta continues.
Possible bank of Canada rate change today…
Oil hanging in not bad at $49.17 but Toronto is down for some reason this morning.
I may or may not have internet to post anything tonight/tomorrow morning.