The TSX has announced:
Ten new symbols will be added to TSX Quantum on Friday March 7th 2008.
<< The symbols are from the following issuers:
Cinram International Income Fund CRW.UN
Cooperators General Insurance Co. CCS.PR.C
Cygnal Technologies Corp. CYN
Fairfax Financial Holdings Ltd. FFH
HEARx Canada Inc. HUX
Kinross Gold Corp. K, K.U, K.WT.B
Nventa Biopharmaceuticals Corp. NVN
Technicoil Corp TEC
>>These symbols join Telus Corporation (T and T.A) and TSX Group Inc. (X) that are already trading on TSX Quantum.
Rik Parkhill, Interim CO-CEO, TSX Group Inc., said, “We are pleased with the robust performance and efficiency of TSX Quantum. As we continue to migrate symbols to the new trading platform, we are one step closer to realizing the goal of significant enhancement in performance and capacity across the entire market, which also offers a large benefit to our customers.”
The Quantum platform is the TSX’s new trading platform. I do not anticipate any market impact from this change.
CCS.PR.C was discussed recently on PrefBlog.
Good evening, Mr. Hymas, and the throngs of cloaked assiduous readers out there! I know they’re out there because whenever we get into it with a particular issue, peculiar trading behaviour seems to follow.
Latest example is EPP.PR.A which, oddly, seems to be garnering some interest shortly [and coincidentally?] after some discussion of the issue here. Don’t get me wrong; I think that’s a wonderful thing . . . because as anyone scanning my occasional offerings knows . . . I tend to get annoyed unless all my favourite prefs move in a straight line (approximately 45 degree angle from starting axis, moving to the right).
So having said that, let’s talk about Quebecor World (is that what it’s called? . . . I think so) . . . my understanding is that Teacher’s Pension Fund is going to buy it, and redeem all the prefs at par. OK, that wasn’t a real attempt at hyping a corpse; just a little pref share humour!
On the more serious side, Mr. Hymas reported on Friday that the “perpetual discounts” had their first down day in a while. I’m on these pretty much perpetually myself, and except for the CM’s (which were only down a few pennies), I saw pretty much everything else either flat or up. Today, same story . . . pretty much flat to up a bit across the board.
CCS.PR.C? EPP.PR.A? . . . both UP !!
The long bond’s been creeping up all last week, as well as today, so unless Mr. Poole, Ms. Yellen, Mr. Lacker et al decide that they’re suffering bicep fatigue from having to wave the white flag in the war on inflation, and just can’t face going to work every day without even the remotest possibility of doing what they were born to do [raise rates because it just feels good], then we might just be in the starting stages of a pref share rally with teeth.
madequota