Statistics Canada reported on Friday that employers added 66,800 jobs in January, far better than the gain of 8,000 that analysts forecast in a Reuters poll, while the unemployment rate ticked up to 5.8 per cent as more people sought work.
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The economy added 99,200 services sector jobs in January, mostly in wholesale and retail trade, as well as professional, scientific and technical services. That was offset by a loss of 32,300 goods sector positions, mostly in agriculture and construction. Resource sector jobs fell by 4,600.Part-time job gains outpaced full-time, 36,000 versus 30,900, and youth age 15 to 24 led employment growth, adding 52,800 jobs.
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The average year-over-year wage growth of permanent employees, which is closely watched by the central bank, was 1.8 per cent in January, up slightly from 1.5 per cent in December.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.1731 % | 2,267.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.1731 % | 4,161.0 |
| Floater | 5.17 % | 5.51 % | 29,724 | 14.60 | 4 | 1.1731 % | 2,398.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0499 % | 3,221.2 |
| SplitShare | 4.91 % | 5.00 % | 64,692 | 3.96 | 8 | -0.0499 % | 3,846.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0499 % | 3,001.4 |
| Perpetual-Premium | 5.83 % | -4.33 % | 89,078 | 0.08 | 4 | 0.3472 % | 2,899.8 |
| Perpetual-Discount | 5.57 % | 5.70 % | 71,280 | 14.30 | 31 | 0.3117 % | 2,988.1 |
| FixedReset Disc | 5.08 % | 5.38 % | 214,031 | 14.87 | 65 | 0.2745 % | 2,235.9 |
| Deemed-Retractible | 5.34 % | 6.23 % | 96,793 | 8.15 | 27 | 0.1975 % | 2,968.8 |
| FloatingReset | 4.34 % | 5.42 % | 62,000 | 8.45 | 6 | 0.0939 % | 2,430.5 |
| FixedReset Prem | 5.14 % | 4.20 % | 286,345 | 2.29 | 18 | 0.0828 % | 2,533.8 |
| FixedReset Bank Non | 2.78 % | 3.76 % | 168,008 | 2.86 | 5 | 0.1242 % | 2,602.7 |
| FixedReset Ins Non | 5.03 % | 6.85 % | 124,894 | 8.28 | 22 | 0.2529 % | 2,213.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.H | FixedReset Ins Non | -1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.45 Bid-YTW : 7.86 % |
| GWO.PR.N | FixedReset Ins Non | -1.37 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.40 Bid-YTW : 9.16 % |
| VNR.PR.A | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 22.48 Evaluated at bid price : 23.20 Bid-YTW : 4.97 % |
| MFC.PR.L | FixedReset Ins Non | 1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.93 Bid-YTW : 7.98 % |
| TRP.PR.E | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 5.71 % |
| RY.PR.M | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 21.03 Evaluated at bid price : 21.03 Bid-YTW : 5.17 % |
| SLF.PR.E | Deemed-Retractible | 1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.55 Bid-YTW : 6.95 % |
| HSE.PR.A | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 13.97 Evaluated at bid price : 13.97 Bid-YTW : 6.12 % |
| MFC.PR.K | FixedReset Ins Non | 1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.50 Bid-YTW : 7.28 % |
| TD.PF.E | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 21.79 Evaluated at bid price : 22.29 Bid-YTW : 5.13 % |
| EML.PR.A | FixedReset Ins Non | 1.57 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-17 Maturity Price : 25.00 Evaluated at bid price : 25.80 Bid-YTW : 4.40 % |
| BAM.PF.C | Perpetual-Discount | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 21.60 Evaluated at bid price : 21.60 Bid-YTW : 5.70 % |
| SLF.PR.G | FixedReset Ins Non | 1.79 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.76 Bid-YTW : 9.10 % |
| BAM.PR.M | Perpetual-Discount | 3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 20.97 Evaluated at bid price : 20.97 Bid-YTW : 5.75 % |
| BAM.PR.N | Perpetual-Discount | 4.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.72 % |
| BAM.PR.K | Floater | 4.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 12.70 Evaluated at bid price : 12.70 Bid-YTW : 5.51 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset Disc | 109,011 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 22.67 Evaluated at bid price : 23.50 Bid-YTW : 5.32 % |
| RY.PR.J | FixedReset Disc | 107,258 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-08 Maturity Price : 21.28 Evaluated at bid price : 21.56 Bid-YTW : 5.18 % |
| BMO.PR.B | FixedReset Prem | 104,806 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.23 % |
| RY.PR.L | FixedReset Bank Non | 104,700 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-03-26 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 3.76 % |
| SLF.PR.B | Deemed-Retractible | 99,343 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.73 Bid-YTW : 6.60 % |
| BNS.PR.Z | FixedReset Bank Non | 57,375 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.70 Bid-YTW : 4.32 % |
| There were 17 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PVS.PR.D | SplitShare | Quote: 25.27 – 25.70 Spot Rate : 0.4300 Average : 0.2741 YTW SCENARIO |
| BMO.PR.Y | FixedReset Disc | Quote: 21.48 – 21.99 Spot Rate : 0.5100 Average : 0.3552 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 14.56 – 14.95 Spot Rate : 0.3900 Average : 0.2381 YTW SCENARIO |
| BMO.PR.D | FixedReset Disc | Quote: 23.30 – 23.75 Spot Rate : 0.4500 Average : 0.3317 YTW SCENARIO |
| BMO.PR.E | FixedReset Disc | Quote: 22.98 – 23.33 Spot Rate : 0.3500 Average : 0.2425 YTW SCENARIO |
| TRP.PR.H | FloatingReset | Quote: 12.81 – 13.50 Spot Rate : 0.6900 Average : 0.5892 YTW SCENARIO |