Payrolls climbed by 255,000 last month, exceeding all forecasts in a Bloomberg survey of 89 economists, following a 292,000 gain in June that was a bit larger than previously estimated, a Labor Department report showed Friday. The jobless rate held at 4.9 percent as many of the people streaming into the labor force found jobs.
…
The labor force participation rate, which indicates the share of working-age people who are employed or looking for work, increased to 62.8 percent from 62.7 percent.Wage growth offered more promising signs of acceleration, with average hourly earnings rising a more-than-forecast 0.3 percent from a month earlier, the most since April, to $25.69. The year-over-year increase was 2.6 percent in July, the same as in June.
The average work week for all workers also increased by 6 minutes to 34.5 hours in July from 34.4.
Meanwhile, in the frozen North:
Canada’s economy lost 31,000 jobs in July, due to a big drop in public administration positions as well as declines in Ontario and among younger workers.
Full-time work plunged by 71,000 spots and part time employment rose by 40,000.
The jobless rate rose to 6.9 per cent from 6.8 per cent in June, Statistics Canada said in its monthly labour report released on Friday.
Meanwhile, there are those who are frightened that foreigners might want to buy what we’re selling:
Realtors say it’s still too early to tell how much the B.C. government’s recent 15-per-cent tax on Vancouver-area residential properties purchased by people who aren’t permanent residents will fuel demand for Toronto housing. There are concerns the tax will lead foreign buyers to purchase homes in the GTA market instead.
…
The province’s tax adds another layer of angst to the Toronto market, already in the midst of double-digit price gains, fierce bidding wars and what the local real estate board called the “troubling trend” of a shrinking supply of resale homes on the market.Unease has been growing over skyrocketing real estate prices in both markets. The Bank of Canada recently issued warnings about unsustainable growth, while the federal government has struck a working group to issue recommendations on how to make Vancouver and Toronto’s housing more affordable.
| 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 | -0.1420 % | 1,692.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1420 % | 3,092.2 |
| Floater | 4.85 % | 4.59 % | 83,945 | 16.14 | 4 | -0.1420 % | 1,782.1 |
| OpRet | 4.85 % | 1.75 % | 50,880 | 0.08 | 1 | -0.0395 % | 2,845.9 |
| SplitShare | 5.08 % | 5.23 % | 99,820 | 4.54 | 5 | -0.3424 % | 3,386.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3424 % | 2,642.4 |
| Perpetual-Premium | 5.42 % | -12.29 % | 77,032 | 0.09 | 12 | -0.0096 % | 2,715.8 |
| Perpetual-Discount | 5.11 % | 4.98 % | 107,527 | 14.89 | 26 | 0.2734 % | 2,902.2 |
| FixedReset | 4.90 % | 4.19 % | 150,061 | 7.12 | 89 | 0.3581 % | 2,076.7 |
| Deemed-Retractible | 4.96 % | 3.43 % | 118,236 | 0.09 | 32 | 0.1347 % | 2,810.2 |
| FloatingReset | 2.91 % | 4.19 % | 30,713 | 5.12 | 11 | 0.4834 % | 2,188.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.G | FixedReset | -2.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.37 Bid-YTW : 9.71 % |
| GRP.PR.A | SplitShare | -1.48 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2023-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 6.35 % |
| HSE.PR.C | FixedReset | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 18.69 Evaluated at bid price : 18.69 Bid-YTW : 5.33 % |
| CU.PR.H | Perpetual-Discount | -1.13 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-09-01 Maturity Price : 25.00 Evaluated at bid price : 25.42 Bid-YTW : 5.17 % |
| IFC.PR.A | FixedReset | -1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.39 Bid-YTW : 9.63 % |
| BAM.PR.X | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 14.14 Evaluated at bid price : 14.14 Bid-YTW : 4.56 % |
| RY.PR.M | FixedReset | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 4.03 % |
| BMO.PR.Y | FixedReset | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 21.36 Evaluated at bid price : 21.36 Bid-YTW : 4.04 % |
| BAM.PR.S | FloatingReset | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 15.05 Evaluated at bid price : 15.05 Bid-YTW : 4.73 % |
| POW.PR.D | Perpetual-Discount | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 24.64 Evaluated at bid price : 24.89 Bid-YTW : 5.06 % |
| PWF.PR.S | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 23.46 Evaluated at bid price : 23.90 Bid-YTW : 5.03 % |
| ELF.PR.G | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 22.44 Evaluated at bid price : 22.70 Bid-YTW : 5.27 % |
| TRP.PR.A | FixedReset | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 15.23 Evaluated at bid price : 15.23 Bid-YTW : 4.49 % |
| GWO.PR.N | FixedReset | 1.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.70 Bid-YTW : 9.27 % |
| GWO.PR.I | Deemed-Retractible | 1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.45 Bid-YTW : 5.52 % |
| CM.PR.Q | FixedReset | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 4.14 % |
| TRP.PR.H | FloatingReset | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 10.50 Evaluated at bid price : 10.50 Bid-YTW : 4.33 % |
| BAM.PF.F | FixedReset | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 20.99 Evaluated at bid price : 20.99 Bid-YTW : 4.43 % |
| TD.PF.D | FixedReset | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 4.11 % |
| RY.PR.J | FixedReset | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 21.24 Evaluated at bid price : 21.24 Bid-YTW : 4.05 % |
| BMO.PR.M | FixedReset | 1.83 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.44 Bid-YTW : 3.13 % |
| BAM.PF.G | FixedReset | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 21.42 Evaluated at bid price : 21.42 Bid-YTW : 4.37 % |
| BAM.PF.E | FixedReset | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 20.08 Evaluated at bid price : 20.08 Bid-YTW : 4.34 % |
| SLF.PR.J | FloatingReset | 2.34 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.10 Bid-YTW : 10.63 % |
| IAG.PR.G | FixedReset | 2.65 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.53 Bid-YTW : 6.44 % |
| BAM.PF.B | FixedReset | 2.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 4.58 % |
| BAM.PR.T | FixedReset | 2.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 16.20 Evaluated at bid price : 16.20 Bid-YTW : 4.74 % |
| BAM.PF.A | FixedReset | 3.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 20.64 Evaluated at bid price : 20.64 Bid-YTW : 4.49 % |
| BAM.PR.R | FixedReset | 3.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 16.56 Evaluated at bid price : 16.56 Bid-YTW : 4.53 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.M | FixedReset | 108,085 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-08-05 Maturity Price : 19.96 Evaluated at bid price : 19.96 Bid-YTW : 4.20 % |
| BIP.PR.C | FixedReset | 96,980 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.38 Bid-YTW : 5.06 % |
| RY.PR.Q | FixedReset | 72,368 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 26.88 Bid-YTW : 3.73 % |
| BNS.PR.G | FixedReset | 65,055 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 27.10 Bid-YTW : 3.69 % |
| TD.PF.G | FixedReset | 57,088 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 27.00 Bid-YTW : 3.68 % |
| NA.PR.A | FixedReset | 55,190 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-15 Maturity Price : 25.00 Evaluated at bid price : 26.40 Bid-YTW : 4.35 % |
| There were 36 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PR.S | FixedReset | Quote: 23.71 – 24.99 Spot Rate : 1.2800 Average : 0.7581 YTW SCENARIO |
| FTS.PR.K | FixedReset | Quote: 18.30 – 19.10 Spot Rate : 0.8000 Average : 0.4579 YTW SCENARIO |
| RY.PR.L | FixedReset | Quote: 25.52 – 26.32 Spot Rate : 0.8000 Average : 0.5076 YTW SCENARIO |
| BAM.PR.S | FloatingReset | Quote: 15.05 – 15.75 Spot Rate : 0.7000 Average : 0.4850 YTW SCENARIO |
| BAM.PF.F | FixedReset | Quote: 20.99 – 21.54 Spot Rate : 0.5500 Average : 0.3418 YTW SCENARIO |
| FTS.PR.H | FixedReset | Quote: 14.25 – 14.89 Spot Rate : 0.6400 Average : 0.4385 YTW SCENARIO |