On Wednesday markets recovered much of the ground lost yesterday.
The S&P 500 was up 1.0% and Toronto was up 1.5%.
There are lots of Q4 earnings reports coming in.
After the close, West Fraser reported a substantial loss but the stock was virtually unchanged in after-hours trading. I mentioned a few times that I am surprised how well it is holding up.
The Boston Pizza Income Royalty Trust reported good earnings this morning and raised the distribution by 5.6%. The yield is almost 8.8% and it looks like a good investment. Keep in mind the distribution is taxable and so this is better suited to non-taxable accounts.
Yesterday, after the close RioCan reported results that were okay but none too exciting. They increased the distribution by just 2.8% and are not projecting much growth this year. Still, it’s very well managed and should do well over the years.