BK unit nav to April 4 = approx: $20.24BK unit nav has lost about 25 cents since the update March 28. Common now have a value of about $10.24 today ...last trade at 10.63 leaves them trading at a bit of premium , which is rare these days.
General market direction is down, and higher for longer is negative mood is kicking in. Really the market has been overbought on hopes of multiple interest rate cuts, in both the US and Canada. The likelihood of one coming from the BOC in JUNE took a shot today as the Trade surplus was amazingly high, but the main driver was gold sales..... at any rate it looks to me like a correction is starting.
And THAT is not surprising to me at all.