Markets were higher once again on Thursday with the S&P 500 up 0.6% and Toronto up 0.5%.
Canadian Tire was down 6.3% after reporting a loss in Q2 . Its sports stores were closed for much of the quarter and the Canadian Tire stores had limited operations. Still, sales were up 9.3% year over year for the Canadian Tire stores.
Apple was up 3.5%.
Linamar reported Q2 after the close and the headlines says sales down over 50%. Apparently though the loss was less than analysts expected.
The Melcor REIT reported after the close with what I would consider good cashflows. They did take a write-down of 7% on fair value of properties which is no shock given the Alberta economy. If the price drops due the GAAP loss, it might be a buying opportunity.