Here are key updates on your holdings

METRO INC. $71 is a buy. The company (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 232.8 million; Market cap: $16.5 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.7%; TSINetwork Rating: Average; www.metro.ca) operates 960 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
The company… Read More

REIT spinoff will unlock Leon’s value

In the past few years, several big Canadian retailers, including Loblaw and Canadian Tire, have unlocked the hidden value of their real estate holdings by setting up publicly traded real estate investment trusts (REITs).
Shares of furniture retailer Leon’s rose 10% after it announced its own… Read More

RioCan’s urban focus is paying off

In October 2017, RioCan shifted its focus away from Big Box style suburban malls to properties in the downtown areas of six major cities: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver. Those cities now supply 92% of its rental revenue, up from 76% in 2017.
RioCan… Read More