Edmonton’s getting a drone port!
We may not have flying pizza delivery robots in Canada yet, but the commercial drone industry is no joke — and we’re at the forefront of it.
Drone Delivery Canada Corp., which in June signed a partnership agreement with Air Canada, announced today that it is officially moving forward with the establishment of “the world’s first airport drone delivery hub” at Edmonton International Airport.
The Vaughan, ON-based tech company intends to use its “proprietary drone delivery platform” to move products to and from the airport using specific takeoff and landing zones designated for drones.
| 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 | 0.7081 % | 1,988.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7081 % | 3,649.6 |
| Floater | 6.08 % | 6.25 % | 48,570 | 13.51 | 4 | 0.7081 % | 2,103.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,388.1 |
| SplitShare | 4.65 % | 4.62 % | 48,322 | 3.91 | 7 | 0.0000 % | 4,046.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,156.9 |
| Perpetual-Premium | 5.51 % | -17.90 % | 58,572 | 0.09 | 8 | -0.0049 % | 3,027.2 |
| Perpetual-Discount | 5.36 % | 5.42 % | 66,712 | 14.74 | 25 | -0.0445 % | 3,235.9 |
| FixedReset Disc | 5.60 % | 5.78 % | 180,644 | 14.26 | 66 | 0.0557 % | 2,101.2 |
| Deemed-Retractible | 5.20 % | 5.73 % | 62,337 | 7.82 | 27 | -0.0722 % | 3,175.5 |
| FloatingReset | 6.14 % | 6.66 % | 91,103 | 12.95 | 2 | 0.5554 % | 2,482.8 |
| FixedReset Prem | 5.13 % | 3.97 % | 159,324 | 1.66 | 20 | 0.0196 % | 2,609.5 |
| FixedReset Bank Non | 1.96 % | 4.19 % | 91,468 | 2.19 | 3 | 0.1105 % | 2,690.0 |
| FixedReset Ins Non | 5.41 % | 8.25 % | 113,932 | 7.74 | 21 | 0.4802 % | 2,134.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.A | FixedReset Disc | -2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 10.90 Evaluated at bid price : 10.90 Bid-YTW : 7.57 % |
| BIP.PR.F | FixedReset Disc | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 22.05 Evaluated at bid price : 22.55 Bid-YTW : 5.70 % |
| BIP.PR.D | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 22.38 Evaluated at bid price : 22.80 Bid-YTW : 5.91 % |
| BIP.PR.E | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 22.01 Evaluated at bid price : 22.40 Bid-YTW : 5.63 % |
| EMA.PR.E | Perpetual-Discount | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 21.18 Evaluated at bid price : 21.18 Bid-YTW : 5.42 % |
| TRP.PR.F | FloatingReset | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 13.66 Evaluated at bid price : 13.66 Bid-YTW : 6.66 % |
| EMA.PR.F | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 16.88 Evaluated at bid price : 16.88 Bid-YTW : 6.45 % |
| MFC.PR.N | FixedReset Ins Non | 1.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.45 Bid-YTW : 9.27 % |
| IFC.PR.A | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.66 Bid-YTW : 9.99 % |
| MFC.PR.K | FixedReset Ins Non | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.81 Bid-YTW : 8.48 % |
| CCS.PR.C | Deemed-Retractible | 1.21 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.33 Bid-YTW : 5.43 % |
| BAM.PR.T | FixedReset Disc | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 15.29 Evaluated at bid price : 15.29 Bid-YTW : 6.40 % |
| TRP.PR.G | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 17.56 Evaluated at bid price : 17.56 Bid-YTW : 6.58 % |
| BIP.PR.A | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 6.80 % |
| TRP.PR.B | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 11.46 Evaluated at bid price : 11.46 Bid-YTW : 6.37 % |
| BAM.PR.X | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 13.57 Evaluated at bid price : 13.57 Bid-YTW : 6.18 % |
| MFC.PR.J | FixedReset Ins Non | 1.58 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.70 Bid-YTW : 8.25 % |
| BAM.PR.B | Floater | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 11.20 Evaluated at bid price : 11.20 Bid-YTW : 6.25 % |
| TRP.PR.C | FixedReset Disc | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 11.95 Evaluated at bid price : 11.95 Bid-YTW : 6.54 % |
| SLF.PR.J | FloatingReset | 2.20 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.50 Bid-YTW : 10.61 % |
| SLF.PR.G | FixedReset Ins Non | 2.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.25 Bid-YTW : 10.72 % |
| BAM.PR.Z | FixedReset Disc | 3.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 19.28 Evaluated at bid price : 19.28 Bid-YTW : 6.06 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.Q | FixedReset Ins Non | 106,014 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.30 Bid-YTW : 8.49 % |
| EMA.PR.C | FixedReset Disc | 90,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 6.26 % |
| GWO.PR.H | Deemed-Retractible | 64,152 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.65 Bid-YTW : 6.19 % |
| RY.PR.M | FixedReset Disc | 59,125 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 18.28 Evaluated at bid price : 18.28 Bid-YTW : 5.78 % |
| CM.PR.O | FixedReset Disc | 46,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 16.54 Evaluated at bid price : 16.54 Bid-YTW : 5.91 % |
| EMA.PR.F | FixedReset Disc | 41,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-29 Maturity Price : 16.88 Evaluated at bid price : 16.88 Bid-YTW : 6.45 % |
| There were 41 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CM.PR.Y | FixedReset Disc | Quote: 24.57 – 24.80 Spot Rate : 0.2300 Average : 0.1453 YTW SCENARIO |
| BAM.PF.A | FixedReset Disc | Quote: 19.49 – 19.87 Spot Rate : 0.3800 Average : 0.3018 YTW SCENARIO |
| CM.PR.R | FixedReset Disc | Quote: 21.47 – 21.70 Spot Rate : 0.2300 Average : 0.1735 YTW SCENARIO |
| EIT.PR.A | SplitShare | Quote: 25.35 – 25.59 Spot Rate : 0.2400 Average : 0.1964 YTW SCENARIO |
| BIP.PR.D | FixedReset Disc | Quote: 22.80 – 23.00 Spot Rate : 0.2000 Average : 0.1576 YTW SCENARIO |
| TD.PF.K | FixedReset Disc | Quote: 19.25 – 19.45 Spot Rate : 0.2000 Average : 0.1577 YTW SCENARIO |
New article re preferred shares in the Globe & Mail:
https://www.theglobeandmail.com/investing/article-preferred-shares-are-priced-attractively-but-proceed-with-caution/
“Preferred shares have been neglected in recent months thanks to falling interest rates, which have turned these once sleepy bond alternatives into a volatile asset class.”
Insert Warren Buffett’s Moody Fellow here.
Only one of the people quoted in the story – Ryan Domsy – has any kind of easily accessible performance track record and it’s very short.