Markets were initally down noticeably on Monday but ended the day with the S&P 500 up 0.8% and Toronto up 0.7%.
A notable gainer was our one Penny Stock, Ceapro, up 25% after announcing progress in one of its research efforts. It has a number of irons in the fire and one or more of these could eventually send the stock significantly higher. But it is a speculative stock.
The Melcor REIT announced that it had received 70% of the June rent due. This was after receiving 75%for May and 83% for April. They will be applying for the federal rent subsidy program for those tenants that qualify. That would mean collecting 75% for those tenants and foregoing 25%. With the Alberta opening up, they may collect a higher percentage of rent in July.