On Monday, the S&P gave back back earlier higher gains and ended the day up 0.1% while Toronto was up 0.4%.
CRH Medical was up 5.0% on Toronto. AutoCanada was up 2.7%.
Boston Pizza Royalties was up 0.9% to $23.04 and yields 6.0%. Despite some dips in price from time to time this entity has provided an attracted yield while also providing capital gains when purchased on dips. I don’t particularly expect much in the way of further capital gains and it could fall with higher interest rates or is sales slow at BP. But I also fully expect the distribution to be maintained. And so does it really matter if the price drops if is bought for yield with an intention to hold for a long time? Of course, it is easy to say no it does not matter but it would still hurt if it dropped back to $18 or whatever. I think it has a place in a portfolio.
CMHC reports that housing starts remain at high levels in march. Alberta single family starts in 2017 are higher than 2016 which is positive for Melcor although they are likely still considerable below 2014 levels.
The next update will be for Alimention Couche-Tard.