Toromont (TIH) gained 7% on its Q3, which missed on revenue and beat on earnings thanks to strong Y/Y margin expansion.

Bookings were up big in the quarter, gaining 47% Y/Y driven by the company’s recent investment in AVL Manufacturing…

… which should continue, given TIH is another beneficiary of Carney’s nation-building agenda - it’s priced like it too, trading near its peak earnings multiple.

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