Markets were higher once again on Wednesday as the S&P 500 rose 0.9% and Toronto ws up 1.0%.
Restauant Brands was up 3.9%. AutoCanada was up 8.6%, CRH Medical was up 5.7%.
Penny stock Ceapro jumped 11.7% to a new 52 week high of 57 cents but remains well down from its historic high.
After the close, the Melcor REIT announced its unchanged monthly distribution of 3 cents and revealed that its rent collection for July was 78% which is the same as June. May was 80%. Therfore they appear to have stabilized around 78%. They are applying for the government commercial rent relief program on behalf of tenants. Presumably success in that department will result in some additional rent being collected even though under that program Meclor will receive only 75% of the contractual rent (which is much better than the 0% it is has likely received from some of these tenants but also lower than the 100% it may have received from some of them).
The latest rail car statistics are out today. The picture continues to show total rail traffic well below the level in the corresponding week last year. Motor vechicle and parts continue to be an exception and have returned to about last year’s level.