On Monday the S&P 500 was down 0.1% while Toronto was up 0.15%.
West Fraser Timber was up 2.6%.
AutoCanada was up 11.4% in what seems to be a slightly delayed reaction to its Q4 earnings report. I will update the report on this company in the next day or so. It appears to be attractively priced. It has certainly been somewhat cyclical and faces the headwinds of higher interest rates. But I continue to think it is quite well managed and has a good future. Its reported earnings in Q4 and 2023 were distorted (lowered) by an usually large stock compensation expense.
The two Brookfield Office Properties preferred shares on out last have had a big recovery from their lows. These shares are guaranteed by its immediate parent Brookfield Property Partners L.P. but not by the ultimate Brookfield Asset Management parent. Apparently the market is now more confident about Brookfield Property Partners. But it is a complex entity. It might be reasonable to reduce this position somewhat. These shares continue to be higher risk.