RioCan is updated and rated Buy at $25.49. It seems like a reasonable investment choice. The biggest risk factor is further increases in interest rates.
On Friday I was thinking about the rise in oil prices and noting that the Oil Sands ETF symbol CLO has not risen much. I was prepared to buy a relatively large amount of that ETF on Friday but the market was just closing and so I will likely buy some on Monday.
On Friday we had the S&P 500 up 1.0% and Toronto down 0.3%. Wells Fargo and Berkshire Hathaway were each up 2.1%. Toll Brothers was down 3.0%. I was tempted to buy some more Toll Brothers but did not pull the trigger. I may place an order to grab some if it sinks some more.
I entered hopeful offers to trim my Canadian Tire at $84 (correction this should read $83) and Wells Fargo at $43.
The lower Canadian dollar has helped out with my returns as measured in Canadian dollars. For the most part that is sort of noise as I intend to leave those funds in U.S. dollars more or less permanently. However if we got down towards 90 cents I would likely move some U.S. cash back into Canadian dollars. I am not sure that I would sell any stocks to do so. So this is noise but nevertheless has a pleasant sound. The lower Canadian dollar will also nbe good for the economy. My understanding is that fundamentally the Canadian dollar should be more like 90 cents U.S. (purchasing power parity) and actually I was quite surprised that the rapid move from 70 and 80 cents up to the $1.00 level and above a few years ago did not do more damage to Canadian industry.