On Wednesday, the S&P 500 was up 0.4% and Toronto was up 0.8%.
AutoCanada was up 3.2%.
Alimentation Couche-Tard announced its latest 5 year goals today. They plan to increase their EBITDA from $5.8 billion to $10.0 billion by the end of fiscal 2028. Given their fantastic history, I would not bet against them.
Today, Statistics Canada was out with the latest figures on building permits.
[There were] “monthly gains in the value of single-family home permits. Across Canada, this component was up 5.5% to $2.9 billion in August, marking the fourth consecutive monthly increase for this component. This uptick follows a year of trending decline in construction intentions for single family homes from May 2022 to April 2023.”
In Alberta, residential permits were up 9.6% but this includes multi-family which is always volatile. Hopefully we will see an increase in Alberta housing starts. Permits presumably lead the figures for housing starts.