October 16, 2016

On Friday, the S&P 500 ended the day about unchanged while Toronto was down 0.4%.

The Canadian Western Bank rate reset preferred share (series 5) rose 3.2% to $18.60. These shares have about 30 months to go before they reset. If interest rates rise then these shares should rise in value (all else equal).

This week will feature a number of earnings reports from U.S. companies.