Whither the economy? Look at the new highs.

Here is a sample of the TSX stocks that hit new 52 week highs last Friday. The sectoral breadth is quite remarkable, and gives one some confidence about the state of our economy, despite the 50,000 manufacturing jobs that have been lost so far this year in Ontario:

Construction
Aecon
Bird Construction
CanWel Building Materials

Consumer
Pizza Pizza
Rogers Communications
Saputo

Energy
CIC Energy
Petrobank

Industrial
Dorel
Global Railway Industries
ShawCor

Infrastructure
Superior Plus
Transalta

Mining
Anvil
Global Copper
Inmet
Ivanhoe
Silver Wheaton

Technology
Evertz
Xantrex

MRM
(disclosure – I own RCI)
hat tip to Canaccord Research