January 9, 2014 Comments

On Thursday the S&P 500 was flat while Toronto was up 0.1%. The Canadian dollar slipped about another quarter of a cent and is at 92.19 cents U.S. per Canadian dollar.

Bank of America was up another 1.5%. Costco which always seems to look too expensive but which is a fantastic company jumped 3.9% on good sales figures in December.

Melcor is my largest position but I plan to add to my position and have entered an order to do so. There are no guarantees but as long as the Alberta economy is strong it seems like homebuilding is strong in Alberta and they should do well. And even if Melcor has some bad quarters it seems like an excellent company for the long term.

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