Special opportunity: High quality Canadian Preferred Shares
A happy but overlooked investing story of the past year is the rebound in preferred shares. The S&P/TSX preferred share index was up 18.4 per cent for the year to Jan. 13, a good start on erasing a few years of pure misery for the sector. The cumulative three-year loss for the index was 15.7 per…
I have been an investor in the Canadian rate reset preferred shares market since starting as a retail advisor at a major Canadian bank. In recent months, the general stock market has been weak, but the preferred share market has been especially hurt. Many high-quality issues are down between 20%-30%+.