Markets rose on Tuesday apparently due to hopes that a stimulus / COVID relief package would be passed soon in the U.S.
The S&P 500 was up 1.3% and Toronto was up 0.7%.
Apple was up 5.0%. Alcanna was up 4.3%.
TFI increased its quarterly dividend by 11.5% from 26 cents to 29 cents which reflects its strong earnings performance.
CMHC today released housing start figures for November and year to date. November saw big gains versus November of last year with total housing starts up 22% and single-detached up 18%. Year to date total Canadians housing starts are up 1% and single detached are up 5%.
I am always interested in the Alberta figures given my investment in Melcor. Alberta total starts in November were down 1% and single-detached were down 2%. Year to date total starts were down 10% and single detached were down 7%. Edmonton is doing a somewhat better than the provincial average. Overall, things could be worse but clearly Alberta is not seeing the boom in housing starts that much of the country is seeing.