On Friday, the S&P 500 rose 0.1% and Toronto fell 0.6%.
Stocks on the rise included the Canadian Western Bank rate reset preferred share up 4.8% to $23.36. Similarly, the RioCan rate rest preferred share on our list was up 4.9%. Both of these had fallen to what were likely unjustifiably low prices.
Q2 earnings reports from U.S. companies continue to come in and the Canadian reports are starting to come in as well. Canadian National Railway reports on Monday, after the close.
On Friday I added a small amount to my AutoCanada position. And I bought a small additional amount of the Bombardier pref. shares. These pref shares are highly speculative. Bombardier has so much debt that if it were to go broke the pref. shares could quite possibly be worthless. My hope is that the company can limp along until it sells off a portion of its rail unit which it hopes to do later this year and until orders for its C-series airplane ramp up and it starts making delivery of that plane in 2016. Possibly I am just being stubborn in adding to my position here.