Markets were “mixed” on Tuesday with the S&P 500 up 0.2% but Toronto down 0.5%.
Shopify was down 4.4%.
AutoCanada was down 3.85% and was down yesterday as well. It continues to be surprisingly volatile from day to day.
Couche-Tard was down 2.6%.
West Fraser Timber was down 3.1% after announcing another acquisition of a mill in the southern U.S. This is the second acquisition this month. These are not huge acquisitions but the market may have preferred the cash be used for dividends or share buy backs.
Costco finally had a down day falling just 0.9%.
I mentioned I am working on BHP the giant mining company. This stock is unpredictable by nature. Its fortunes change as commodity prices change. But it appears to be quite cheap. It also pays a surprisingly large dividend although it sharply reduces the dividend in down years. And the dividend is not eligible for the dividend tax credit in Canada. I believe it is taxed as regular income like interest. Therefore I would hold this in a non-taxable account such as RRSP (RIF) or TFSA. I rather regretted selling this a couple years ago and I will likely buy some tomorrow. I like the BBL shares on New York and not the BHP shares (same company) as I will explain in the report.