Amidst frequent reports of commercial evictions, there is talk of a new federal program to pay the rent:
Ottawa is proposing to offer commercial rent relief in the form of loans for landlords of small and medium-sized businesses that would cover up to three-quarters of tenants’ payments for three months, according to sources familiar with the negotiations.
A portion of the loans – as much as two-thirds, according to three sources – is expected to be forgivable. Discussions with provinces and territories were continuing as next month’s rent payments loom, said the sources.
…
Three of the sources said the current proposal would require tenants to cover the remaining 25 per cent of their rent, and that the program would initially cover April, May and June rent, with further months subject to a later decision.Significant questions remained over measures that would guarantee landlords use the money to relieve their tenants, two sources said.
I must say, I’m getting more than a little tired of the continuing execrable quality of the quotes provided by the Exchange.
| 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 | -1.4668 % | 1,442.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.4668 % | 2,646.2 |
| Floater | 5.35 % | 5.48 % | 39,168 | 14.69 | 4 | -1.4668 % | 1,525.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2737 % | 3,272.6 |
| SplitShare | 5.07 % | 6.30 % | 75,260 | 3.92 | 7 | -0.2737 % | 3,908.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2737 % | 3,049.4 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2186 % | 2,814.1 |
| Perpetual-Discount | 5.96 % | 6.15 % | 89,663 | 13.70 | 35 | 0.2186 % | 3,018.5 |
| FixedReset Disc | 6.67 % | 5.56 % | 203,534 | 14.22 | 83 | 0.0646 % | 1,702.1 |
| Deemed-Retractible | 5.72 % | 6.05 % | 101,943 | 13.66 | 27 | -0.0604 % | 2,965.2 |
| FloatingReset | 3.21 % | 4.77 % | 29,509 | 14.26 | 4 | -0.0598 % | 1,665.7 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0646 % | 2,354.0 |
| FixedReset Bank Non | 1.95 % | 4.27 % | 115,484 | 1.73 | 3 | 0.2065 % | 2,727.6 |
| FixedReset Ins Non | 7.10 % | 5.89 % | 132,595 | 13.63 | 22 | 0.1597 % | 1,673.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.P | FixedReset Disc | -10.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 8.15 Evaluated at bid price : 8.15 Bid-YTW : 6.37 % |
| GWO.PR.N | FixedReset Ins Non | -7.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 8.45 Evaluated at bid price : 8.45 Bid-YTW : 5.27 % |
| MFC.PR.F | FixedReset Ins Non | -5.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 8.16 Evaluated at bid price : 8.16 Bid-YTW : 5.85 % |
| CU.PR.C | FixedReset Disc | -4.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 5.18 % |
| TD.PF.D | FixedReset Disc | -3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 5.63 % |
| MFC.PR.R | FixedReset Ins Non | -2.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 6.09 % |
| BAM.PR.C | Floater | -2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 7.75 Evaluated at bid price : 7.75 Bid-YTW : 5.59 % |
| BAM.PR.T | FixedReset Disc | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 11.46 Evaluated at bid price : 11.46 Bid-YTW : 6.29 % |
| TRP.PR.D | FixedReset Disc | -2.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 12.20 Evaluated at bid price : 12.20 Bid-YTW : 6.39 % |
| HSE.PR.C | FixedReset Disc | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 9.60 Evaluated at bid price : 9.60 Bid-YTW : 10.66 % |
| BAM.PR.B | Floater | -1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 7.90 Evaluated at bid price : 7.90 Bid-YTW : 5.48 % |
| TRP.PR.A | FixedReset Disc | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 10.90 Evaluated at bid price : 10.90 Bid-YTW : 6.24 % |
| BAM.PR.X | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 9.86 Evaluated at bid price : 9.86 Bid-YTW : 5.94 % |
| IFC.PR.G | FixedReset Ins Non | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 15.13 Evaluated at bid price : 15.13 Bid-YTW : 5.61 % |
| MFC.PR.G | FixedReset Ins Non | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.91 Evaluated at bid price : 13.91 Bid-YTW : 6.21 % |
| BAM.PR.K | Floater | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 7.80 Evaluated at bid price : 7.80 Bid-YTW : 5.55 % |
| BMO.PR.F | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.39 % |
| PVS.PR.H | SplitShare | -1.47 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 5.92 % |
| IFC.PR.F | Deemed-Retractible | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 21.56 Evaluated at bid price : 21.84 Bid-YTW : 6.12 % |
| BNS.PR.I | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 16.88 Evaluated at bid price : 16.88 Bid-YTW : 4.90 % |
| IFC.PR.A | FixedReset Ins Non | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 10.18 Evaluated at bid price : 10.18 Bid-YTW : 5.89 % |
| EIT.PR.A | SplitShare | -1.25 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 23.75 Bid-YTW : 6.46 % |
| TD.PF.M | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.39 % |
| CM.PR.S | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 5.52 % |
| BMO.PR.E | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 16.85 Evaluated at bid price : 16.85 Bid-YTW : 5.28 % |
| RY.PR.M | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.90 Evaluated at bid price : 13.90 Bid-YTW : 5.54 % |
| MFC.PR.N | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 5.94 % |
| GWO.PR.P | Deemed-Retractible | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 22.01 Evaluated at bid price : 22.25 Bid-YTW : 6.13 % |
| TD.PF.B | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.93 Evaluated at bid price : 13.93 Bid-YTW : 5.35 % |
| RY.PR.H | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.98 Evaluated at bid price : 13.98 Bid-YTW : 5.25 % |
| BMO.PR.T | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.42 Evaluated at bid price : 13.42 Bid-YTW : 5.56 % |
| MFC.PR.Q | FixedReset Ins Non | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 5.78 % |
| TD.PF.E | FixedReset Disc | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 15.35 Evaluated at bid price : 15.35 Bid-YTW : 5.46 % |
| TD.PF.A | FixedReset Disc | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.95 Evaluated at bid price : 13.95 Bid-YTW : 5.32 % |
| TRP.PR.G | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.75 Evaluated at bid price : 13.75 Bid-YTW : 6.36 % |
| MFC.PR.M | FixedReset Ins Non | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 12.95 Evaluated at bid price : 12.95 Bid-YTW : 6.05 % |
| CM.PR.T | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 5.57 % |
| HSE.PR.G | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 9.40 Evaluated at bid price : 9.40 Bid-YTW : 10.77 % |
| BIP.PR.A | FixedReset Disc | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 13.65 Evaluated at bid price : 13.65 Bid-YTW : 7.45 % |
| RY.PR.P | Perpetual-Discount | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 23.54 Evaluated at bid price : 24.00 Bid-YTW : 5.45 % |
| IAF.PR.G | FixedReset Ins Non | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 6.08 % |
| EML.PR.A | FixedReset Ins Non | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 21.95 Evaluated at bid price : 22.52 Bid-YTW : 6.08 % |
| W.PR.M | FixedReset Disc | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 22.63 Evaluated at bid price : 23.05 Bid-YTW : 5.66 % |
| NA.PR.X | FixedReset Disc | 1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 23.53 Evaluated at bid price : 24.05 Bid-YTW : 5.56 % |
| TRP.PR.K | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.52 % |
| MFC.PR.J | FixedReset Ins Non | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 5.77 % |
| CU.PR.I | FixedReset Disc | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 22.81 Evaluated at bid price : 23.51 Bid-YTW : 4.81 % |
| SLF.PR.H | FixedReset Ins Non | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 11.40 Evaluated at bid price : 11.40 Bid-YTW : 5.85 % |
| HSE.PR.A | FixedReset Disc | 2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 5.55 Evaluated at bid price : 5.55 Bid-YTW : 10.08 % |
| MFC.PR.H | FixedReset Ins Non | 3.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 6.00 % |
| SLF.PR.G | FixedReset Ins Non | 5.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 8.45 Evaluated at bid price : 8.45 Bid-YTW : 5.57 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.J | FixedReset Disc | 152,120 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 5.22 % |
| CM.PR.R | FixedReset Disc | 132,994 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 5.90 % |
| BMO.PR.Y | FixedReset Disc | 80,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.10 Evaluated at bid price : 14.10 Bid-YTW : 5.73 % |
| MFC.PR.Q | FixedReset Ins Non | 70,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 5.78 % |
| TD.PF.K | FixedReset Disc | 68,257 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 16.11 Evaluated at bid price : 16.11 Bid-YTW : 5.32 % |
| MFC.PR.C | Deemed-Retractible | 53,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-23 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 6.05 % |
| There were 36 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.G | FixedReset Ins Non | Quote: 13.91 – 16.50 Spot Rate : 2.5900 Average : 1.5349 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 15.35 – 17.00 Spot Rate : 1.6500 Average : 1.1067 YTW SCENARIO |
| BAM.PF.I | FixedReset Disc | Quote: 22.55 – 23.75 Spot Rate : 1.2000 Average : 0.7515 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 8.15 – 9.88 Spot Rate : 1.7300 Average : 1.3335 YTW SCENARIO |
| BIP.PR.B | FixedReset Disc | Quote: 21.75 – 22.75 Spot Rate : 1.0000 Average : 0.6678 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 14.30 – 15.26 Spot Rate : 0.9600 Average : 0.6378 YTW SCENARIO |