On Tuesday, the S&P 500 was down 0.6% and Toronto was down 0.3%.
AutoCanada was down 4.8% giving back a little of its recent strong gains.
RIWI was up 4.1%.
The Boston Pizza units were down 3.3%. After rising in response to the resumption of monthly cash distributions at a rate that was higher than expected, these units may now tend to drift down somewhat as the market will worry about renewed restrictions on restaurants and the end of patio season.
The reports on three rate reset preferred shares are updated on the Subscriber Home Page. All are rated as Buys. Rate reset shares are unique and cannot be compared to other investments on the basis of yield alone. Their prices react to interest rates in a far different manner than do dividend paying stocks, bonds or perpetual preferred shares. Rate reset preferred shares may or may not be suitable as part of a portfolio depending on views on the future of interest rates and also depending on the desire for (somewhat) tax-efficient cash distributions.
With some cash on hand, I am tempted to add to my rate reset positions. But I will likely resist that temptation on favor of holding he cash as we move through this U.S. election period and also as we move through the next stages of the pandemic.