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:
CanWel Building Materials
Global Railway Industries
(disclosure – I own RCI)
hat tip to Canaccord Research