Market Updates & Analysis

Daily preferred share market commentary and analysis

Daily Update-

BCE Conversion Notice & Preferred Share Market Update

BCE preferred shareholders face conversion decisions, TransAlta announces conversion rights, and preferred share yields remain attractive at 5.6-6.2%.

By Preferred Shares Data
AnalysisAug 3, 2026

FixedResets vs PerpetualDiscounts: The Yield Gap Is Back (2026)

FixedReset preferreds are out-yielding PerpetualDiscounts for the first time in a notable reversal. We break down the 5.70% vs 5.42% yield gap, what it signals about rate expectations, and which issues offer the best reset spreads for income investors.

By prefshares
AnalysisJul 26, 2026

Preferred Share Report 2026: The Buyback Wave Reshaping the Market

A comprehensive 2026 report on Canadian preferred share buybacks and redemptions. Over $2 billion returned to holders as RBC, Cenovus, CIBC, and others shrink the market. See who's been redeemed and what it means for investors.

By prefshares
AnalysisJul 22, 2026

Canadian Preferred Share ETF vs Individual Shares: Which Is Better? (2026)

Should you buy a Canadian preferred share ETF like CPD, ZPR, or HPR, or pick individual preferred shares? Compare MER costs, yields, tax efficiency, diversification, and control to decide which approach fits your portfolio.

By prefshares
AnalysisJul 22, 2026

Royal Bank Preferred Shares: Complete Guide to RY Preferreds (2026)

A complete guide to Royal Bank of Canada preferred shares — current RY.PR.S yield, dividend history, reset mechanics, tax treatment, risks, and how RBC preferreds compare to other Big Six bank preferreds.

By prefshares
AnalysisJul 22, 2026

How to Buy Preferred Shares in Canada: A Step-by-Step Guide (2026)

A complete step-by-step guide to buying preferred shares in Canada — choosing a brokerage, understanding rate resets vs perpetuals, placing your first trade, dividend tax treatment, and portfolio best practices.

By prefshares
AnalysisJul 20, 2026

Canadian Preferred Share Index Hits Record Highs in July 2026 Rally

The S&P/TSX Preferred Share Index (TXPR) has set new 52-week highs almost daily through mid-July 2026, reaching 722.55 with volume more than doubling on quarterly rebalancing. CPD and ZPR ETFs are hitting all-time highs alongside the broader preferred share market rally.

By prefshares
AnalysisJul 19, 2026

Bank of Canada Holds at 2.25%: What It Means for Preferred Share Investors

The Bank of Canada kept its overnight rate at 2.25% in July 2026. Here's how this decision impacts FixedReset dividends, floating-rate preferreds, perpetual shares, and preferred share pricing decisions for income investors.

By prefshares
AnalysisJul 18, 2026

BCE.PR.I Resets to 5.10%: A Complete Guide to FixedReset Preferred Share Mechanics

BCE Inc.'s Series AI Preferred Shares (BCE.PR.I) are resetting to a 5.10% dividend rate effective August 2026. This guide explains how FixedReset preferred shares work, the conversion decision facing BCE shareholders, and what the reset rate tells us about the broader preferred share market.

By prefshares
AnalysisJul 17, 2026

TXPR Quarterly Rebalancing Explained: How Canada's Preferred Share Index Works

The S&P/TSX Preferred Share Index completed its Q3 2026 rebalancing on July 17, with volume more than doubling as passive funds adjusted holdings. Here's what rebalancing means, how it affects CPD and ZPR ETFs, and why it matters for preferred share investors.

By prefshares
AnalysisJul 7, 2026

Life & Banc Split Corp. Preferred Offering: LBS.PR.A at 7.25% Dividend Rate

Life & Banc Split Corp. launches LBS.PR.A preferred shares at $10.55 with a 6.9% current yield and 7.25% dividend rate, backed by Canada's Big Five banks and four major life insurers, with 58% downside protection and a 2028 maturity.

By prefshares
AnalysisJul 3, 2026

Premium Income Corporation Preferred Offering: 8.50% Yield Opportunity

Premium Income Corporation launches new preferred shares at $16.30 with 8.50% yield, offering income investors monthly distributions backed by Canada's Big Six banks through a covered call strategy.

By prefshares
AnalysisJul 3, 2026

CSE.PR.A Rate Reset Analysis: Capstone Infrastructure Preferreds at 5.788%

Capstone Infrastructure's CSE.PR.A preferred shares reset at 5.788%, offering infrastructure sector investors a competitive yield opportunity with conversion options ahead of the July 15 deadline.

By prefshares
AnalysisJun 19, 2026

Great-West Lifeco Launches 5.70% Straight Perpetual Preferred Share (GWO.PR.Z)

Great-West Lifeco has launched a new straight perpetual preferred share at 5.70% — the first new straight perpetual from a major Canadian issuer in 2026. Here's what income investors need to know about GWO.PR.Z.

By prefshares
AnalysisApr 21, 2026

BCE Preferred Shares Reset Schedule 2026-2030: Every Reset Date, Rate, and Yield

Complete guide to BCE preferred share rate resets in 2026-2030. Five BCE series are resetting this year — BCE.PR.G jumps to 5.30% on May 1. Compare every reset date, projected yield, and find the best BCE preferred share for your portfolio.

By Frankie
AnalysisApr 20, 2026

The Shrinking Preferred Share Universe: CIBC, Cenovus, and the Redemption Wave

CIBC, Cenovus, and major banks are redeeming preferred shares at an accelerating pace. Over 30 issues have been called away, shrinking the market. Here's why and what it means for investors.

By Frankie
AnalysisApr 20, 2026

First National Preferred Shares Reset: How a Real 5-Year Rate Reset Works

First National's FN.PR.A completed its 5-year rate reset in April 2026. We break down how the reset works, the fixed vs. floating choice, and what it means for investors.

By Frankie
AnalysisApr 20, 2026

Preferred Share Weekly: Emera Resets at 6.35%, BCE at 5.30%, Brompton Splits, and BC Gets Downgraded

Emera resets at 6.345%, BCE at 5.30%, Brompton splits LBS, BC gets downgraded to AA, and DBRS confirms BPO at Pfd-3(low). Plus TXPR hits a 52-week high. Your weekly preferred share update.

By Frankie
AnalysisMar 31, 2026

Brompton Split Banc Corp Raises $55M in Preferred Share Offering

SBC.PR.A treasury offering at $10.40 per share with 6.0% yield. 81 consecutive quarterly dividends since 2005.

By Canadian Preferred Shares
AnalysisMar 31, 2026

Power & Infrastructure Split Corp Resets at 6.4% for Next 5 Years

PWI.PR.A will pay 6.4% annually for the next 5-year term starting May 30, 2026. Here is what investors need to know.

By Canadian Preferred Shares