On Monday, Toronto was up 0.75%. U.S. markets were closed for the holiday.
Boston Pizza Royalty units were up 5.1% to $14.87. That’s a better recovery than I would have expected. But if only a few restaurants end up permanently closing then it could certainly push higher as things open up.
West Texas Oil rose 1.9% to U.S. $76.61 as the OPEC plus group failed to reach an agreement to extend their price-fixing (by curtailing volume) agreement by about 8 months to the end of 2022. Normally OPEC falling apart would potent lower prices as each nation would be free to pump more oil. This time, it seems that the current volume quotas could leave the world short of oil next month. I’ll believe that when I see it.
After the close it was announced that Alberta is taking a 50% stake in a problematic relatively new refinery near Edmonton that was previous owned by North West Refining and Canadian Natural Resources. I have mentioned it before. The Alberta government had contracted to supply bitumen to it. The refinery went way over its construction budget and was years late becoming operation. Canadians often suggest that “we” should refine more oil in Canada – A case of careful what we ask for.