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Preferred Share Index in 3rd consecutive fall, nears two-month low

Sep 21, 2018 - News Bites Canadian Markets

CANADIAN DAILY SECTOR NEWS

The Preferred Share Index slipped further on Friday, sliding an additional 0.3 points (or 0.04%) to close at 707.0. The index decreased 0.1% on Wednesday and 0.01% on Thursday bringing its 3-day fall to 0.2%. It is now approaching its 50-day low of 706.3. Compared with the S&P/TSX 60 index which increased 3.6 points (or 0.4%) in the three days, this represented a relative price change of -0.5%.

Market capitalization of the Preferred Share Index fell 0.1% o...