April 10, 2023

On Monday the S&P 500 was up 0.1% and Toronto was up 0.4%.

The Boston Pizza Income Trust units were up 3.7%. It had announced a small increase to its distribution last week.

Perennial winner TFI International was up 2.9%.

The Brookfield Office Properties rate reset preferred shares were up modestly.

Excitement this week will include a Bank of Canada interest rate announcement (the expectation is for no change) on Wednesday as well as the Bank’s comments on the economy and its views on the expected outlook for interest rates.

A strong US jobs report released Friday has slightly increased expectations that the US FED will raise rates another 25 basis points in April. Bu that of course remains “data dependent”.

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