October 2017 Pricing Commentary

Canadian and U.S. common stocks were notably stronger during the month of October lifting all five ABC Funds to 2017 price highs.

Positive highlights over the past four weeks included earnings beats from ABC holdings: Amazon, Google, Microsoft, Visa, MasterCard, Netflix and Waste Management, as well as the potential takeovers of Aetna Inc. and Rockwell Automation. Additionally, price strength of our Canadian bank stocks also contributed to our October investment performance.

Irwin A. Michael, President
I.A. Michael Investment Counsel Ltd.