Markets had a relatively rare negative day on Thursday as the S&P 500 fell 0.9% and Toronto fell 1.1%.
Toll Brothers was down 3.85%.
West Texas oil is holding up very well at $73.20.
Costco was up 0.6% after reporting that same-store sales growth in June was 18%. And that’s on top of the 14% gain reported in June 2020. This company is a juggernaut. It always looks expensive but has been worth paying up for.
I saw some disturbing news today that might affect CN rail. Apparently President Biden signed an executive order that is attempting to get more competition in freight rates and the headline was that he opposes rail mergers. I have not seen specific commentary regarding CN but this looks like something to worry about for CN share owners.
I’m currently updating RioCan which I think will be rated Buy.