The Canadian jobs report was ho-hum:
The Canadian economy added 11,200 jobs in October on higher full-time hiring, and the unemployment rate dipped to 5.8 per cent, although wage growth was sluggish, Statistics Canada data indicated on Friday.
…
Although full-time jobs rose by 33,900 compared to a loss of 22,600 part-time positions, the labour participation rate dropped to 65.2 per cent, its lowest since October, 1998.And the average year-over-year wage growth of permanent employees – a figure closely watched by the Bank of Canada – fell to just 1.9 per cent, the lowest since the 1.7 per cent recorded in August 2017.
Meanwhile, in the States:
- ■ 250,000 jobs were added last month.
- ■ The unemployment rate was unchanged at 3.7 percent, a nearly 50-year low.
- ■ Average earnings rose by 0.2 percent and are up 3.1 percent over the past year.
- ■ The number of people working or looking for a job increased by 711,000, nudging the labor force participation rate up to 62.9 percent, from 62.7 percent in September.
A steep decline in shares of Apple Inc. further weighed on sentiment in the U.S. stock market after the iPhone maker warned that sales during the crucial holiday quarter would likely miss expectations.
White House economic adviser Larry Kudlow told CNBC that while President Donald Trump plans to meet China President Xi Jinping later this month, he has not asked U.S. officials to draw up a proposed trade plan, contradicting a report earlier in the day that had buoyed hopes of a trade dispute resolution.
That erased early gains in U.S. stocks and curtailed a rally in global markets that had lifted emerging market stocks by their largest daily gain since 2016.
…
The Dow Jones Industrial Average fell 111.34 points, or 0.44 per cent, to 25,269.4, the S&P 500 lost 17.6 points, or 0.64 per cent, to 2,722.77 and the Nasdaq Composite dropped 77.06 points, or 1.04 per cent, to 7,356.99.Apple’s shares tumbled nearly 7 per cent, taking its market value below $1-trillion, after the company said sales for the final quarter would likely miss expectations.
In Toronto, Canada’s main stock index also erased early gains on Friday.
The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed down 0.2 per cent, or 30.87 points, at 15,119.28.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | -0.0274 % | 3,065.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0274 % | 5,625.0 |
| Floater | 3.79 % | 4.03 % | 41,189 | 17.34 | 4 | -0.0274 % | 3,241.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0959 % | 3,201.8 |
| SplitShare | 4.65 % | 4.97 % | 54,750 | 4.67 | 5 | -0.0959 % | 3,823.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0959 % | 2,983.3 |
| Perpetual-Premium | 5.72 % | 5.78 % | 70,779 | 14.15 | 12 | -0.1891 % | 2,868.8 |
| Perpetual-Discount | 5.67 % | 5.78 % | 75,499 | 14.20 | 21 | -0.3435 % | 2,894.2 |
| FixedReset Disc | 4.37 % | 5.29 % | 163,191 | 15.21 | 45 | -0.9971 % | 2,492.2 |
| Deemed-Retractible | 5.37 % | 6.82 % | 70,985 | 5.20 | 27 | -0.1464 % | 2,889.5 |
| FloatingReset | 3.82 % | 3.96 % | 47,276 | 5.45 | 4 | -0.1310 % | 2,774.1 |
| FixedReset Prem | 4.95 % | 4.51 % | 243,451 | 3.06 | 34 | -0.3434 % | 2,536.1 |
| FixedReset Bank Non | 2.97 % | 3.77 % | 115,898 | 0.31 | 6 | -0.2469 % | 2,571.0 |
| FixedReset Ins Non | 4.51 % | 6.26 % | 128,806 | 5.31 | 22 | -0.9096 % | 2,481.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.G | FixedReset Ins Non | -3.98 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.19 Bid-YTW : 6.46 % |
| BAM.PR.R | FixedReset Disc | -3.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 19.62 Evaluated at bid price : 19.62 Bid-YTW : 5.67 % |
| BAM.PF.E | FixedReset Disc | -3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.86 Evaluated at bid price : 22.38 Bid-YTW : 5.47 % |
| BAM.PR.T | FixedReset Disc | -3.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 19.82 Evaluated at bid price : 19.82 Bid-YTW : 5.63 % |
| IFC.PR.A | FixedReset Ins Non | -2.67 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.65 Bid-YTW : 8.11 % |
| BAM.PF.B | FixedReset Disc | -2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.95 Evaluated at bid price : 22.49 Bid-YTW : 5.56 % |
| HSE.PR.C | FixedReset Disc | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.61 Evaluated at bid price : 23.10 Bid-YTW : 5.90 % |
| BAM.PR.M | Perpetual-Discount | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 19.76 Evaluated at bid price : 19.76 Bid-YTW : 6.09 % |
| BAM.PR.X | FixedReset Disc | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 5.52 % |
| BIP.PR.F | FixedReset Prem | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.81 Evaluated at bid price : 24.10 Bid-YTW : 5.44 % |
| BMO.PR.W | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.61 Evaluated at bid price : 22.00 Bid-YTW : 5.15 % |
| RY.PR.M | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.88 Evaluated at bid price : 23.21 Bid-YTW : 5.19 % |
| SLF.PR.H | FixedReset Ins Non | -1.67 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.65 Bid-YTW : 7.30 % |
| RY.PR.J | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.30 Evaluated at bid price : 23.71 Bid-YTW : 5.24 % |
| NA.PR.W | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.28 Evaluated at bid price : 21.55 Bid-YTW : 5.30 % |
| RY.PR.Z | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.99 Evaluated at bid price : 22.55 Bid-YTW : 5.03 % |
| BMO.PR.T | FixedReset Disc | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.70 Evaluated at bid price : 22.12 Bid-YTW : 5.16 % |
| BMO.PR.Q | FixedReset Bank Non | -1.47 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.85 Bid-YTW : 4.92 % |
| MFC.PR.I | FixedReset Ins Non | -1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.61 Bid-YTW : 5.88 % |
| BMO.PR.S | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.97 Evaluated at bid price : 22.52 Bid-YTW : 5.17 % |
| W.PR.H | Perpetual-Discount | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.69 Evaluated at bid price : 23.96 Bid-YTW : 5.78 % |
| TD.PF.B | FixedReset Disc | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.03 Evaluated at bid price : 22.63 Bid-YTW : 5.08 % |
| SLF.PR.G | FixedReset Ins Non | -1.32 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.75 Bid-YTW : 8.69 % |
| BAM.PF.G | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.17 Evaluated at bid price : 23.57 Bid-YTW : 5.49 % |
| TD.PF.E | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.66 Evaluated at bid price : 23.98 Bid-YTW : 5.29 % |
| PWF.PR.K | Perpetual-Discount | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 5.88 % |
| TD.PF.A | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 21.92 Evaluated at bid price : 22.47 Bid-YTW : 5.08 % |
| HSE.PR.G | FixedReset Prem | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.62 Evaluated at bid price : 24.00 Bid-YTW : 6.05 % |
| HSE.PR.E | FixedReset Prem | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.68 Evaluated at bid price : 24.10 Bid-YTW : 6.06 % |
| EMA.PR.F | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.78 Evaluated at bid price : 23.25 Bid-YTW : 5.30 % |
| CM.PR.S | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.64 Evaluated at bid price : 23.60 Bid-YTW : 4.99 % |
| BAM.PF.A | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 22.72 Evaluated at bid price : 23.85 Bid-YTW : 5.46 % |
| IAG.PR.G | FixedReset Ins Non | -1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.59 Bid-YTW : 6.34 % |
| SLF.PR.B | Deemed-Retractible | 1.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.44 Bid-YTW : 7.86 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.H | FixedReset Prem | 84,475 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.56 Bid-YTW : 4.08 % |
| BNS.PR.H | FixedReset Prem | 74,039 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 4.03 % |
| BMO.PR.D | FixedReset Prem | 48,500 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-08-25 Maturity Price : 25.00 Evaluated at bid price : 24.90 Bid-YTW : 4.46 % |
| BNS.PR.I | FixedReset Disc | 25,950 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-02 Maturity Price : 23.13 Evaluated at bid price : 24.95 Bid-YTW : 4.76 % |
| NA.PR.C | FixedReset Prem | 23,450 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-11-15 Maturity Price : 25.00 Evaluated at bid price : 24.74 Bid-YTW : 4.72 % |
| IFC.PR.A | FixedReset Ins Non | 20,600 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.65 Bid-YTW : 8.11 % |
| There were 29 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.C | FixedReset Disc | Quote: 23.10 – 24.95 Spot Rate : 1.8500 Average : 1.2314 YTW SCENARIO |
| IFC.PR.G | FixedReset Ins Non | Quote: 23.19 – 24.19 Spot Rate : 1.0000 Average : 0.6387 YTW SCENARIO |
| TD.PF.B | FixedReset Disc | Quote: 22.63 – 23.50 Spot Rate : 0.8700 Average : 0.5604 YTW SCENARIO |
| BAM.PR.K | Floater | Quote: 17.30 – 18.15 Spot Rate : 0.8500 Average : 0.5411 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 22.01 – 23.19 Spot Rate : 1.1800 Average : 0.8955 YTW SCENARIO |
| EML.PR.A | FixedReset Ins Non | Quote: 25.60 – 26.40 Spot Rate : 0.8000 Average : 0.5418 YTW SCENARIO |