April 11, 2023

The Toronto stock exchange index was up 0.7% on Tuesday as oil prices rose. The S&P 500 was  unchanged.

The two Brookfield Office Properties rate reset preferred shares on our list staged a modest partial recovery today with gains of 5.2 and 6.1%. 

AutoCanada was up 3.1%.

Toll Brothers was up 2.6%.

US inflation data for March will be released tomorrow morning and could be a driver of markets. In Canada the bank of Canada is expected to keep interest rates unchanged at its announcement tomorrow but it is releasing its latest economic outlook which provide some indication of whether we should expect interest rates to remain on pause.

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