Preferred Share Update
Market Recap and Commentary
Over the past few months all eyes have been fixated on newly elected President Donald Trump and how his unexpected victory has boosted North American equity markets. Indeed, some of the broad plans he laid out during his campaign, such as a reduction in corporate taxes and a pull-back in financial regulations, could prove to be a huge positive for the U.S. economy (and by extension ours) if implemented.
The Trump Rally which ensued following the election has extended to the Canadian preferred share market as market participants slowly adjust their interest rate forecasts upward. Since the election on November 8th the S&P/TSX has gained 5.1% while the S&P/TSX Preferred Share Index has seen a 7.3% return over that same period.