November 1, 2006

Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version
Index Mean Current Yield (at bid) Mean YTW Mean Average Trading Value Mean Mod Dur (YTW) Issues Day’s Perf. Index Value
Ratchet 4.14% 4.06% 41,662 10.58 2 -0.6366% 1,012.7
Fixed-Floater 4.83% 3.98% 140,659 12.97 7 -0.3718% 1,023.3
Floater 4.52% -15.65% 73,056 6.50 5 -0.1186% 1,021.7
Op. Retract 4.68% 1.75% 86,760 2.30 17 0.1302% 1,022.7
Split-Share 5.03% 3.65% 186,268 3.36 9 0.0467% 1,022.9
Interest Bearing 6.89% 4.30% 57,813 2.43 7 -0.1999% 1,022.2
Perpetual-Premium 5.08% 4.04% 252,736 4.27 49 0.0001% 1,039.5
Perpetual-Discount 4.59% 5.62% 610,937 16.17 7 0.2497% 1,035.2
Major Price Changes
Issue Index Change Notes
FCN.PR.A InterestBearing -1.8719% Income Trusts ultimately back up this one, on a miserable day for income trusts! On June 30, 2006, the fund had $152-million in assets to cover $68-million in prefs. Applying an the prospectus, distributions cannot be made to the Capital Unit holders unless coverage exceeds 1.4:1, so it seems reasonable still. But panic panic panic on the TSX!
ENB.PR.A PerpetualPremium -1.8655%  
BCE.PR.S RatchetRate -1.2490% Closed at $24.51-86. Looks like the market feels the offer at $25.60 won’t be happening!
BC.PR.C FixedFloater -1.1978% Closed at $25.57-77. Looks like the market feels the offer at $26.25 won’t be happening!
MST.PR.A InterestBearing +1.0476% With a name like “Multi-Select Trust” it went up? It gets it come-uppance tomorrow!
Volume Highlights
Issue Index Volume Notes
RY.PR.C PerpetualPremium 239,875 New Issue
SLF.PR.D PerpetualDiscount 86,890 Clearance Sale continues!
BSD.PR.A InterestBearing 85,791 Backed by Income Trusts!
WN.PR.E PerpetualDiscount 70,532  
GWO.PR.X OpRet 52,453  

There were ten other index-included issues trading over 10,000 shares today.

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