I admired Jody Wilson-Raybould and her stand on principle regarding SNC-Lavalin and its legal problems.
Not because I think Trudeau and the rest of Cabinet did much wrong, though! It should be clear that in government, the boss can say something like ‘Gee, you know, it sure would be nice if such-and-such a decision was made on this issue”, and the next day, like magic, a memo appears on his desk to the effect that a completely independent assessment of the issue, based solely on the evidence, has resulted in a decision of such-and-such. This happens most of the time in private industry, too.
In politics, you’re continually subject to testing. Are you loyal? We know you disagree with us on this issue, but you’re going to vote with us, aren’t you, buddy? Right? Every single vote, whether in Parliament or committee represents a test and if the party should decide that War Is Peace, Freedom Is Slavery, and Ignorance Is Strength, well then, stick your hand up. Trudeau’s mistake was that he gave the nod-and-wink to somebody who hadn’t been sufficiently tested for such a senior position, given that she was first elected in 2015. He thought she was a normal cabinet minister:
I grew so rich that I was sent
By a pocket borough into Parliament.
I always voted at my party’s call,
And I never thought of thinking for myself at all.
….
I thought so little, they rewarded me
By making me the Ruler of the Queen’s Navee!
So anyway, I decided to donate some money to her campaign … just in an attempt to give the next guy placed in the position she was in a little backbone. And what do I find?
Thank you to everyone who has donated to the 2019 Campaign to Re-Elect Jody Wilson-Raybould. With your support for a different way of doing politics and your generosity we have now exceeded our fundraising targets and will no longer be accepting monetary contributions.
I’m astonished.
Jane Philpott still needs money, though!
| 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 | -1.1953 % | 1,909.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.1953 % | 3,503.0 |
| Floater | 6.31 % | 6.46 % | 49,916 | 13.25 | 4 | -1.1953 % | 2,018.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0056 % | 3,377.1 |
| SplitShare | 4.67 % | 4.62 % | 55,498 | 4.01 | 7 | -0.0056 % | 4,032.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0056 % | 3,146.6 |
| Perpetual-Premium | 5.61 % | -18.05 % | 67,445 | 0.09 | 6 | 0.0911 % | 2,992.9 |
| Perpetual-Discount | 5.42 % | 5.50 % | 63,979 | 14.55 | 28 | -0.0308 % | 3,170.0 |
| FixedReset Disc | 5.56 % | 5.52 % | 169,400 | 14.36 | 73 | 0.0051 % | 2,062.7 |
| Deemed-Retractible | 5.23 % | 5.80 % | 72,847 | 7.90 | 27 | -0.0663 % | 3,150.8 |
| FloatingReset | 4.57 % | 6.76 % | 59,969 | 7.94 | 3 | -0.2375 % | 2,331.3 |
| FixedReset Prem | 5.24 % | 3.93 % | 128,864 | 1.58 | 14 | 0.0167 % | 2,586.9 |
| FixedReset Bank Non | 1.97 % | 4.21 % | 81,669 | 2.27 | 3 | 0.1528 % | 2,665.8 |
| FixedReset Ins Non | 5.53 % | 8.25 % | 104,660 | 7.91 | 21 | -0.2552 % | 2,090.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.C | FixedReset Ins Non | -3.75 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.70 Bid-YTW : 8.88 % |
| CCS.PR.C | Deemed-Retractible | -2.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.82 Bid-YTW : 5.63 % |
| GWO.PR.N | FixedReset Ins Non | -1.69 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.97 Bid-YTW : 9.37 % |
| PWF.PR.A | Floater | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 11.70 Evaluated at bid price : 11.70 Bid-YTW : 5.99 % |
| IFC.PR.A | FixedReset Ins Non | -1.55 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.95 Bid-YTW : 10.31 % |
| PWF.PR.T | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 17.14 Evaluated at bid price : 17.14 Bid-YTW : 5.76 % |
| BAM.PR.B | Floater | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 6.49 % |
| HSE.PR.C | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 16.38 Evaluated at bid price : 16.38 Bid-YTW : 6.95 % |
| MFC.PR.G | FixedReset Ins Non | -1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.10 Bid-YTW : 8.25 % |
| BAM.PR.K | Floater | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.67 Evaluated at bid price : 10.67 Bid-YTW : 6.51 % |
| MFC.PR.F | FixedReset Ins Non | -1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.52 Bid-YTW : 10.84 % |
| GWO.PR.R | Deemed-Retractible | -1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.55 Bid-YTW : 6.12 % |
| BAM.PR.Z | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.05 % |
| BAM.PR.R | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 6.28 % |
| CU.PR.F | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.30 % |
| BMO.PR.T | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 5.52 % |
| SLF.PR.G | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.90 Bid-YTW : 10.60 % |
| RY.PR.M | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 5.49 % |
| GWO.PR.T | Deemed-Retractible | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.80 Bid-YTW : 5.80 % |
| TD.PF.I | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.33 % |
| NA.PR.G | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 19.53 Evaluated at bid price : 19.53 Bid-YTW : 5.66 % |
| CM.PR.Q | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 5.77 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.B | FixedReset Disc | 736,315 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.89 Evaluated at bid price : 10.89 Bid-YTW : 6.12 % |
| TD.PF.J | FixedReset Disc | 96,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.34 % |
| TD.PF.D | FixedReset Disc | 68,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 5.46 % |
| CM.PR.Y | FixedReset Disc | 56,050 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 23.08 Evaluated at bid price : 24.75 Bid-YTW : 5.14 % |
| TRP.PR.D | FixedReset Disc | 44,810 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 15.99 Evaluated at bid price : 15.99 Bid-YTW : 6.06 % |
| CM.PR.S | FixedReset Disc | 40,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 5.47 % |
| There were 26 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.E | FixedReset Disc | Quote: 17.80 – 18.50 Spot Rate : 0.7000 Average : 0.4951 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 13.97 – 14.44 Spot Rate : 0.4700 Average : 0.3333 YTW SCENARIO |
| BNS.PR.I | FixedReset Disc | Quote: 19.96 – 20.35 Spot Rate : 0.3900 Average : 0.2572 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 12.71 – 13.13 Spot Rate : 0.4200 Average : 0.2972 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 16.70 – 17.00 Spot Rate : 0.3000 Average : 0.2071 YTW SCENARIO |
| PWF.PR.T | FixedReset Disc | Quote: 17.14 – 17.45 Spot Rate : 0.3100 Average : 0.2172 YTW SCENARIO |
I thought while you were doing some rhyming, I’d let you read something I found on the web concerning Mr. Truedope:
No one here can respect or understand me
Oh, what bad nicknames they all hand me
Pack up all my cares and woe, time to go, polls are low
Bye, bye, blackface
Where someone expresses fear,
SNC means still not clear
Bye, bye, blackface
No one here can love or understand me
Oh, what tainted photos they all hand me
Make my bed and kill the light, I’ll apologize all night
Blackface, bye, bye
Bye, bye, blackface
Where the press finds lots to see
My dark past keeps haunting me
Bye, bye, blackface
I am astonished at your grasp of the important issues.
looks like Jane Philpott also reached her financial goals for the campaign and no longer taking money either. as a resident in her riding, i think she will win by a wide margin.
looks like Jane Philpott also reached her financial goals
I was very pleased to see it! It looks like I got my trifle in just before the whistle blew!
i think she will win by a wide margin.
I hope so! Anything that gives Members a little bit of backbone when it comes to their principles is very badly needed. Trouble is, there are a lot of (very noisy) citizens who actually want to be represented in Parliament by automata.
it will be interesting to see what happens. looking like a liberal minority at this point, but who knows what happens between now and then. i personally am sick of all the promises, handouts, bribes from all sides. nobody seems interested in tackling any real issues.
backbone, independent thought, ethics, principles… those would be novel additions to parliament.
I agree with Nestor (and others) !!
Too many promises of stuff (ie small tax cut here or a few $ there) that nobody remembers after the election.. Things that catch headlines for the day but are soon forgotten.
What about the fact that no “real jobs” are being created in Canada. We simply have jobs in financial, service, or government. No jobs that actually make things (“real” things or “computer” things, etc ) that we can actually sell to other countries.
Admiring Wilson-Raybould because she stood on principle is perplexing. If the PM and his associates committed the grievous offence against the Constitution that she alleges, the principled thing to have done was to resign as AG at the time. She only resigned after (i) the Globe and Mail broke the story and (ii) after she judged Trudeau to have misrepresented the fact that she must have been okay with it given she was still in the party and Minister of VA. Seems to me an entirely inference for Trudeau to have drawn.
And then she decides to resign and stay in Trudeau’s party. How could any principled person continue to support, as she must given the party discipline rules of our system, a man who had committed such a grievous offence? Sounds a bit like political expediency was at play, not principles.
There are reasons to like her, even perhaps admire her, but a display of high principles in connection with the sordid affair is decidedly not one of them.