On Tuesday, the S&P 500 was up 0.2% and Toronto was up 0.1%.
Bombardier was up 10.6% to $1.99. After the close, Bombardier announced that it would release its Q1 earnings the day before its annual meeting rather than the day of. I saw speculation that this means Bombardier will announce a deal for selling some C-Series panes to Delta. I am skeptical about that. If such a deal were firm, Bombardier would probably have to announce it immediately. Earlier this year Bombardier moved the date of the annual meeting by one day. This latest change may be simply to give people time to digest the earnings number before the meeting. Also it may have been done so that the Q1 report does not get too much attention on the day of the annual meeting. Or indeed, there could be an announcement by the time earning are released.
The Bombardier series 4 preferred shares on our list were up 9.8% to $15.54.
I notice the five-year government of Canada bond is yielding 0.92%. That is a sharp rise from the 0.5% level it touched in February. This increase is good news for rate reset preferred shares, especially for any issues about to reset very shortly.