The reopening is happening fast now.
I was at West Edmonton Mall Monday around 2:30. Quite busy but I would not say packed. (It’s not Christmas after all and it was Monday afternoon). lululemon was packed. The big Sport Chek store was busy (Canadian tire will continue to do well)
Pepsico just reported a big sales surge as restaurant and bar sales resume.
Keg Royalties doubled the distribution . Now 7 cents, still below the pre-pandemic level of 9.5 cents but impressive and bodes well for Boston pizza Royalties.
Edmonton had second highest single family home starts in the country in May. 508 starts. Only Toronto was higher at 599. Calgary also strong at 460. This bodes well for Melcor which certainly needs to have a strong year to make up for too many weak years.