Lululemon is the stock the watch, Lyft on the radar and another discount airline bites the dust
It’s not the ‘Big Short: Canada’, but the Big Six are facing fresh skepticism in investing circles over fears of higher loan losses. Lululemon is the stock to watch today after reporting ‘one of its strongest years ever.’ Its stock is up almost 13 per cent in pre-market. Lyft is also on the radar as it ramps up for biggest U.S. IPO of the year. And another discount airline bites the dust.
Iceland’s WOW Air abruptly ceased operations today, leaving passengers across two continents strandedFinally, some good news for Canada’s oilpatch. A Minnesota regulator yesterday confirmed its approval of Enbridge’s embattled Line 3 replacement, allowing the $9 billion project to move forward. The decision clears a hurdle for the pipeline and is welcome news for Canadian producers struggling to get their oil to market. Line 3 is now operating at half its capacity.
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