July 13, 2017

On Thursday, the S&P 500 rose 0.2% while Toronto was down 0.1%.

Linamar was up another 1.8%.

AutoCanada was up 2.8%.

I drove through a large Melcor development in St.Albert, Alberta today. This is Jensen Lakes which they own half of in a joint venture. There is a lot of building going on there. Mostly duplexes and some multi-family. Some single family too. In addition a lot of commercial development and Melcor is the developer for some but perhaps not most of that. All of which is to say that development in Alberta has certainly not ground to a halt. Melcor had sold a very surprisingly large number of building lots in Q1. I am cautiously optimistic that the same was true in Q2.

I mentioned CRH Medical a few times lately. I have added to my position in it.

I am now reading through the Couche-Tard annual report that came out yesterday. This company still has the pedal to the metal in terms of acquisitions.