September 14, 2021

On Tuesday the S&P 500 and Toronto were both down about 0.6%.

Melcor Developments was up 4.9%. But this was on thin volume and so is pretty meaningless. I look forward to seeing the housing start report for August which will be released tomorrow by CMHC . I suspect Alberta starts were strong.

Oil is hanging onto recent gains and rose a little today to $70.77. Natural Gas in Alberta is reportedly at a four year high. The outlook for Alberta is strong although the COVID situation is certainly a risk to that scenario.

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