During the week, 10-year U.S. Treasury yields made new year-to-date lows which supported REITs. One factor driving yields down was weak U.S. April retail sales. It remains to be seen if consumer belt-tightening will continue to keep a lid on long-term rates. One insider who probably knows a thing or two about retail spending is Raymond Paré, a director of Inovalis REIT. He is also CFO of global convenience store operator Alimentation Couche-Tard. Last week he bought 5,000 units of the European-focused commercial REIT. Another insider was also buying.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.