I did another quick scan of the Canadian preferred share market.
Yields are very low. Many issues are trading above the $25 par level and ripe for calling (culling?).
The Canadian public market for individual fixed income issuers out there is getting quite thin. The publicly traded debenture market is also exhibiting moribund signs – 60 individual tickers and this is going to go down another six tickers quite soon with the extinguishing of ECN, and the former Slate Office REIT.
I am not inspired by what I am seeing out there.