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September featured less volatility for many financial markets than in recent months, not just for preferred shares, but also for bonds and equities. In a month when the S&P/TSX Preferred Share index returned -0.10%, the FTSE TMX Canada Bond Universe earned 0.25% and the S&P/TSX Composite gained 1.22%. Even U.S. stocks, as measured by the S&P 500, were subdued, returning only 0.02% (in U.S. dollar terms). (more…)