Market Action

July 17, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet 4.05% 4.05% 114,297 17.35 2 +0.10% 998.0
Fixed-Floater 5.20% 3.99% 90,578 10.43 5 +0.04% 999.2
Floater 4.55% -15.28% 59,850 6.43 5 -0.16% 1,001.3
Op. Retract 4.75% 3.54% 82,690 3.42 18 -0.04% 992.8
Split-Share 5.17% 2.75% 52,516 2.79 14 +0.0413% 998.7
Interest Bearing 6.90% 5.92% 66,247 2.23 7 -0.06% 1,002.9
Perpetual 5.20% 4.71% 161,075 6.61 53 +0.005% 1,002.8
Major Price Changes
Issue Index Change Notes
NTL.PR.G – -1.79%  
HSB.PR.C Perp -1.39% Bid hit on volume of 900 shares
POW.PR.D Perp -1.01%  
STR.E – +1.18% Small volume, tiny bid, huge spread
FAL.PR.B – +4.20% Normalizing bid/ask spread of $1.00 yesterday
Volume Leaders
Issue Index Volume Notes
GWO.PR.X Op. Ret. 21,779  
FTS.PR.E – 20,000 Cross by Scotia
BC.PR.C FixedFloater 14,946  
MST.PR.A InterestBearing 14,745  
SLF.PR.A Perpetual 12,005  

Market Action

July 14, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet 4.03% 4.04% 115,857 16.79 2 +0.08% 997.0
Fixed-Floater 5.20% 4.12% 89,762 13.57 5 +0.21% 998.8
Floater 4.54% -19.47% 59,917 6.43 5 -0.11% 1,002.8
Op. Retract 4.74% 3.47% 82,975 3.30 18 -0.08% 993.2
Split-Share 5.17% 2.64% 53,274 2.77 14 -0.01% 998.3
Interest Bearing 6.90% 5.81% 65,864 2.24 7 +0.08% 1,003.5
Perpetual 5.20% 4.71% 163,422 6.63 53 +0.05% 1,002.8

 

A thoroughly boring day, with NOTHING trading over 10,000 shares and NOTHING in the indices had a price move of more than 1%.

Market Action

July 13, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 4.02% 119,186 17.42 2 -0.23% 996.2
Fixed-Floater N/A 4.12% 90,712 13.61 5 -0.18% 996.6
Floater N/A -20.54% 59,789 6.42 5 -0.04% 1,003.9
Op. Retract N/A 3.48% 84,213 3.04 18 +0.07% 994.1
Split-Share N/A 2.68% 54,102 2.80 14 +0.11% 998.4
Interest Bearing N/A 5.83% 66,198 2.24 7 -0.14% 1,002.7
Perpetual N/A 4.72% 165,845 6.60 53 N/A 1,002.3
Notable Volume
Issue Type Volume Notes
BC.PR.C Fixed Floater 238,787  
NSI.PR.D – 176,050 All crossed at $28.00 by Desjardins
TD.PR.N Op.Ret. 35,598 30M crossed by Nesbitt
PIC.PR.A SplitShare 23,405 Went ex-dividend today
WN.PR.E Perpetual 16,800 Scotia bought 12M @ $24
Major Price Changes
Issue Index Change in Bid Notes
NA.PR.K Perpetual -1.05% Bid hit and gone on average volume

Market Action

July 12, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 4.00% 120,723 17.48 2 -0.10% 998.2
Fixed-Floater N/A 3.94% 88,584 10.22 5 +0.08% 998.5
Floater N/A -20.72% 60,004 6.43 5 +0.50% 1,004.3
Op. Retract N/A 3.50% 85,498 3.04 18 -0.26% 993.4
Split-Share N/A 3.15% 53,934 2.80 14 +0.07%% 997.4
Interest Bearing N/A 5.70% 65,488 2.25 7 +0.16% 1,004.1
Perpetual N/A 4.70% 168,155 6.58 53 +0.04% 1,002.5
Market Action

July 11, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.98% 125,751 17.52 2 0.00% 999.2
Fixed-Floater N/A 3.94% 85,226 10.24 5 -0.24% 997.7
Floater N/A -18.43% 58,876 6.39 5 -0.14% 999.4
Op. Retract N/A 3.47% 85,298 3.08 18 -0.24% 994.5
Split-Share N/A 3.35% 54,651 2.81 14 -0.09% 996.6
Interest Bearing N/A 5.82% 65,681 2.25 7 -0.28% 1,002.45
Perpetual N/A 4.73% 169,969 6.55 53 +0.18 1,002.13
Market Action

July 10, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.96% 128,146 17.55 2 -0.10% 999.2
Fixed-Floater N/A 3.99% 83,966 10.26 5 -0.02% 996.1
Floater N/A -16.49% 59,142 6.47 5 +0.06% 1000.7
Op. Retract N/A 3.36% 85,234 3.08 18 +0.06% 996.9
Split-Share N/A 2.80% 55,216 3.05 14 -0.10% 997.6
Interest Bearing N/A 5.74% 65,387 2.26 7 -0.12% 1005.22
Perpetual N/A 4.74% 170,153 6.96 53 +0.08% 1,000.31
Market Action

July 7, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.94% 133,014 17.59 2 +0.10% 1000.2
Fixed-Floater N/A 4.10% 85,252 13.76 5 -0.11% 996.2
Floater N/A -15.93% 60,065 6.48 5 -0.12% 1000.2
Op. Retract N/A 3.43% 86,296 3.05 18 -0.21% 996.3
Split-Share N/A 3.16% 54,779 3.06 14 +0.11% 998.6
Interest Bearing N/A 5.55% 65,179 2.27 7 +0.29% 1006.4
Perpetual N/A 4.74% 169,956 6.96 53 -0.02% 999.5

Market Action

July 6, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.94% 137,880 17.61 2 +0.06% 999.2
Fixed-Floater N/A 3.86% 86,146 10.3 5 -0.02% 997.3
Floater N/A -16.87% 61,045 6.47 5 -0.06% 1001.4
Op. Retract N/A 3.35% 86,296 3.05 18 +0.11% 998.4
Split-Share N/A 3.19% 55,114 3.06 14 +0.12% 997.4
Interest Bearing N/A 5.59% 66,012 2.25 7 +0.11% 1003.4
Perpetual N/A 4.74% 172,102 6.96 53 -0.03% 999.7
Market Action

July 5, 2006

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.94% 142,723 17.62 2 +0.04% 998.6
Fixed-Floater N/A 3.99% 86,114 13.81 5 +0.03% 997.6
Floater N/A -17.43% 61,517 6.47 5 -0.05% 1002.0
Op. Retract N/A 3.38% 87,105 3.05 18 -0.06% 997.3
Split-Share N/A 3.28% 54,689 3.06 14 -0.12% 996.3
Interest Bearing N/A 5.70% 66,528 2.6 7 +0.09 1002.3
Perpetual N/A 4.72% 173,979 6.92 53 -0.04% 1000.0
Market Action

July 4, 2006

Index Current Yield YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet N/A 3.93% 143,477 17.63 2 -0.18% 998.2
Fixed-Floater N/A 4.01% 85,975 13.85 5 -0.28% 997.2
Floater N/A -17.10% 60,832 6.49 5 +0.25% 1002.5
Op. Retract N/A 3.34% 87,736 3.05 18 -0.21% 997.9
Split-Share N/A 3.22% 54,635 3.13 14 -0.25% 997.5
Interest Bearing N/A 5.76% 67,058 2.26 7 +0.14% 1001.4
Perpetual N/A 4.71% 174,981 6.94 53 +0.04% 1000.4