On Wednesday markets were relatively flat as the S&P 500 rose 0.2% and Toronto was down 0.1%.
West Fraser Timber was up 3.6%.
Melcor is hanging on to its recent gains and was up another 0.5%.
The Enbridge rate reset preferred share on our list was up 3.6%.
Market interest rates have risen. The Canada five year bond yield is at 1.1%. It was last that high about 20 months ago and in the interim briefly reached lows of 0.33% (while shell-shocked from COVID) and it spent the last eight months of 2020 under 0.5%. Rates are still very low but directionally higher rates are negative for investments except for things like rate rest preferred shares that benefit from higher rates. The movement in interest rates is definitely something to keep a close eye on.