On Wednesday, the S&P 500 was up 0.5% and Toronto was up 0.1%.
AutoCanada was down 3.6% to $21.71. I did not see any news that “caused” that but stocks don’t always need a reason to move (much less a valid reason).
Toll Brothers was up 2.4% to $27.08.
My favorite income pick, Boston Pizza, was up another 1.5% to $20.67.
With the Bank of Canada yields down at 0.50% for five year and 0.99% for ten year, the rate reset preferred share prices are down. It is possible that the yield on new rate rest preferred shares could fall to reflect lower interest rates, which would increase the price of existing issues. But the market for these probably remains weak as retail investors felt so stung by the past declines in the rate resets.
I am in Amsterdam for the next three nights.