Q: Hi. Any reason why BIP.UN went down more than 5% yesterday? I am a long-term holder of BIP.UN and was wondering if this is the time to bring it up to a full position (4%)?
5i Research Answer:
While it was a big decline, it had risen nicely in four of the five preceeding days, and it remains higher than it was on October 3. There was no company news, but the market did reverse some gains yesterday on more inflation and war and recession fears.