Markets gave back a little ground on Monday as the S&P 500 was down 0.5% and Toronto was down 1.2%
Shopify had another strong day gaining 4.1%.
RioCan was down 3.5%. That is not surprising after the recent gains and given the partial lock-downs across Canada. It will likely continue to be volatile until the virus situation is resolved and until it becomes more clear what the longer term impact of changed behaviors (more online shopping in particular) will have on its future. It’s also not yet clear how much bad debt (bad rent) it will suffer from the pandemic., This depends in part on the extent to which governments rescue businesses. So far, RioCan was still collecting over 90% of its rents.
Aurora Cannabis was up 11% and then after the close announced some layoffs and that it will cease operations in Medicine Hat. This company has made profound mistakes in over-building in the past few years.
Bombardier rose another 3.5 cents or 7.1% for reasons that I am not aware of. (Although they did announce a new CFO today.)
Both Bombardier and Aurora had fallen so far from their highs that now a small rise of really a few pennies becomes a large percentage move . (Aurora was up $1.51 but based on the price before the recent one share for 12 REVERSE split that amounts to less than 13 cents per original (pre one for 12 consolidation) share.