On Tuesday, the S&P 500 was down 0.95% and Toronto was down 0.7%.
Most stocks were down but Cameco was up 3.4%.
The Bank of Canada left interest rates unchanged today and seemed to signal that cuts might not come as soon as hoped and might ultimately not be as deep as hoped.
The 5 year government of Canada bond rose to 3.78%.
You might still find some good rates on GICs given this development.
Pref shares are likely to be a bit weak on this news until hoped for rate cuts revive again. We need bad economic news before Bank of Canada will cut. Or at least lower inflation.