PrefBlog

TXPR closed at 523.86, down 2.37% on the day. Volume today was 2.88-million, second-highest of the past thirty days, behind only June 5.

CPD closed at 10.45, down 2.06% on the day. Volume was 403,246, highest of the past 30 trading days and well ahead of second-place June 9.

ZPR closed at 8.16, down 2.16% on the day. Volume of 3,559,908 was by far the highest of the past 30 trading days, over three times the volume of second-place June 5.

Five-year Canada yields were down 2bp at 0.37% today.

Tim Shufelt comments in the Globe:

Global stock markets buckled on Thursday amid fears of a resurgence of COVID-19 infections in the United States, which could put the budding economic recovery in peril.

It was the worst day for North American stocks since the depths of the market crash in March, with the S&P/TSX Composite Index losing 4.1 per cent on the day, while the S&P 500 index dropped 5.9 per cent.

The dip followed a sobering reminder from the U.S. Federal Reserve on Wednesday about the monumental economic challenges that lie ahead, particularly as several U.S. states brace for the pandemic’s potential second wave.
…
The latest outlooks for the global economy are also distinctly negative. This week, the OECD said it expects a 6-per-cent drop in global GDP in 2020, and an 8-per-cent decline in the Canadian economy, exceeding in severity economists’ consensus for the recession on both counts.

In keeping with heightened growth fears, economically sensitive stocks were dealt a heavy blow on Thursday. The S&P/TSX Capped Energy Index dropped by 9.8 per cent, effectively wiping out the gains realized through a solid run in early June.
…
On Wednesday, the U.S. hit two million confirmed COVID-19 cases, according to Johns Hopkins University. In nearly half of U.S. states, many of which were among the earliest to reopen their economies, infections are on the rise, according to an Associated Press analysis.

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	-3.4157 %	1,425.9
FixedFloater	0.00 %	0.00 %	0	0.00	0	-3.4157 %	2,616.4
Floater	5.42 %	5.74 %	42,982	14.17	4	-3.4157 %	1,507.9
OpRet	0.00 %	0.00 %	0	0.00	0	-1.6756 %	3,410.0
SplitShare	4.93 %	5.13 %	65,301	3.87	7	-1.6756 %	4,072.3
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	-1.6756 %	3,177.4
Perpetual-Premium	0.00 %	0.00 %	0	0.00	0	-1.5327 %	2,981.4
Perpetual-Discount	5.64 %	5.82 %	81,610	14.07	35	-1.5327 %	3,197.8
FixedReset Disc	6.37 %	5.41 %	171,070	14.49	83	-2.7230 %	1,788.9
Deemed-Retractible	5.43 %	5.72 %	91,946	14.22	27	-1.7488 %	3,148.4
FloatingReset	5.01 %	4.93 %	50,193	15.66	3	-2.7967 %	1,739.4
FixedReset Prem	0.00 %	0.00 %	0	0.00	0	-2.7230 %	2,473.9
FixedReset Bank Non	1.99 %	3.71 %	139,703	1.60	2	-0.1438 %	2,770.8
FixedReset Ins Non	6.60 %	5.48 %	120,504	14.44	22	-2.4012 %	1,808.0

Performance Highlights
Issue	Index	Change	Notes
PWF.PR.P	FixedReset Disc	-14.39 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 8.15 Evaluated at bid price : 8.15 Bid-YTW : 6.56 %
BAM.PF.E	FixedReset Disc	-7.53 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 6.36 %
BAM.PF.F	FixedReset Disc	-7.24 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.61 Evaluated at bid price : 14.61 Bid-YTW : 6.18 %
BAM.PR.T	FixedReset Disc	-7.06 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 11.72 Evaluated at bid price : 11.72 Bid-YTW : 6.31 %
BAM.PF.G	FixedReset Disc	-6.66 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 13.45 Evaluated at bid price : 13.45 Bid-YTW : 6.34 %
BAM.PR.Z	FixedReset Disc	-6.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.94 Evaluated at bid price : 14.94 Bid-YTW : 6.30 %
PVS.PR.G	SplitShare	-6.56 %	YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.21 %
TD.PF.A	FixedReset Disc	-6.50 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.25 Evaluated at bid price : 14.25 Bid-YTW : 5.30 %
MFC.PR.H	FixedReset Ins Non	-6.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 5.80 %
BAM.PF.B	FixedReset Disc	-6.12 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.27 Evaluated at bid price : 14.27 Bid-YTW : 6.20 %
BAM.PR.R	FixedReset Disc	-5.96 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 11.52 Evaluated at bid price : 11.52 Bid-YTW : 6.23 %
CM.PR.R	FixedReset Disc	-5.84 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 5.81 %
HSE.PR.G	FixedReset Disc	-5.81 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 9.43 %
HSE.PR.C	FixedReset Disc	-5.73 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 9.43 %
MFC.PR.M	FixedReset Ins Non	-5.33 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 5.48 %
BAM.PF.A	FixedReset Disc	-5.30 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.72 Evaluated at bid price : 15.72 Bid-YTW : 6.09 %
MFC.PR.G	FixedReset Ins Non	-5.25 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.35 Evaluated at bid price : 15.35 Bid-YTW : 5.62 %
MFC.PR.J	FixedReset Ins Non	-4.85 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.91 Evaluated at bid price : 14.91 Bid-YTW : 5.68 %
HSE.PR.E	FixedReset Disc	-4.56 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 11.50 Evaluated at bid price : 11.50 Bid-YTW : 9.32 %
TRP.PR.C	FixedReset Disc	-4.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 8.51 Evaluated at bid price : 8.51 Bid-YTW : 6.08 %
CM.PR.T	FixedReset Disc	-4.48 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.44 %
HSE.PR.A	FixedReset Disc	-4.44 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 6.45 Evaluated at bid price : 6.45 Bid-YTW : 8.70 %
RY.PR.M	FixedReset Disc	-4.38 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.30 Evaluated at bid price : 15.30 Bid-YTW : 5.14 %
BMO.PR.D	FixedReset Disc	-4.36 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.31 Evaluated at bid price : 17.31 Bid-YTW : 5.48 %
TRP.PR.F	FloatingReset	-4.30 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.57 Evaluated at bid price : 9.57 Bid-YTW : 5.49 %
BMO.PR.C	FixedReset Disc	-4.26 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.47 %
NA.PR.G	FixedReset Disc	-4.23 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.52 Evaluated at bid price : 16.52 Bid-YTW : 5.51 %
BAM.PR.B	Floater	-4.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 7.61 Evaluated at bid price : 7.61 Bid-YTW : 5.74 %
PWF.PR.K	Perpetual-Discount	-4.11 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.99 %
BAM.PR.C	Floater	-4.10 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 7.48 Evaluated at bid price : 7.48 Bid-YTW : 5.84 %
BAM.PR.K	Floater	-4.08 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 7.53 Evaluated at bid price : 7.53 Bid-YTW : 5.80 %
GWO.PR.N	FixedReset Ins Non	-4.05 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.00 Evaluated at bid price : 9.00 Bid-YTW : 5.02 %
BMO.PR.T	FixedReset Disc	-3.97 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.02 Evaluated at bid price : 14.02 Bid-YTW : 5.30 %
NA.PR.C	FixedReset Disc	-3.93 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.58 Evaluated at bid price : 17.58 Bid-YTW : 5.76 %
TD.PF.B	FixedReset Disc	-3.84 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.78 Evaluated at bid price : 14.78 Bid-YTW : 5.13 %
SLF.PR.D	Deemed-Retractible	-3.80 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 5.51 %
SLF.PR.A	Deemed-Retractible	-3.74 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.34 Evaluated at bid price : 21.61 Bid-YTW : 5.50 %
TD.PF.D	FixedReset Disc	-3.66 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.80 Evaluated at bid price : 15.80 Bid-YTW : 5.27 %
CM.PR.S	FixedReset Disc	-3.64 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.11 Evaluated at bid price : 15.11 Bid-YTW : 5.38 %
CM.PR.Y	FixedReset Disc	-3.53 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.42 %
BMO.PR.S	FixedReset Disc	-3.52 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.52 Evaluated at bid price : 14.52 Bid-YTW : 5.31 %
NA.PR.W	FixedReset Disc	-3.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.11 Evaluated at bid price : 14.11 Bid-YTW : 5.44 %
MFC.PR.I	FixedReset Ins Non	-3.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.06 Evaluated at bid price : 16.06 Bid-YTW : 5.45 %
SLF.PR.J	FloatingReset	-3.42 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 8.75 Evaluated at bid price : 8.75 Bid-YTW : 4.54 %
IFC.PR.C	FixedReset Ins Non	-3.41 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.15 Evaluated at bid price : 14.15 Bid-YTW : 5.71 %
SLF.PR.C	Deemed-Retractible	-3.33 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.31 Evaluated at bid price : 20.31 Bid-YTW : 5.50 %
CM.PR.P	FixedReset Disc	-3.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.26 Evaluated at bid price : 14.26 Bid-YTW : 5.45 %
TRP.PR.G	FixedReset Disc	-3.31 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 6.23 %
RY.PR.Z	FixedReset Disc	-3.27 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 4.98 %
RY.PR.S	FixedReset Disc	-3.23 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 4.81 %
BMO.PR.B	FixedReset Disc	-3.22 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.77 Evaluated at bid price : 22.26 Bid-YTW : 5.16 %
SLF.PR.E	Deemed-Retractible	-3.21 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.51 %
POW.PR.D	Perpetual-Discount	-3.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.48 Evaluated at bid price : 21.74 Bid-YTW : 5.84 %
EIT.PR.A	SplitShare	-3.10 %	YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.40 Bid-YTW : 5.53 %
MFC.PR.Q	FixedReset Ins Non	-3.07 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.46 Evaluated at bid price : 15.46 Bid-YTW : 5.41 %
NA.PR.S	FixedReset Disc	-3.07 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.54 Evaluated at bid price : 14.54 Bid-YTW : 5.48 %
CU.PR.E	Perpetual-Discount	-3.01 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.88 Evaluated at bid price : 22.26 Bid-YTW : 5.53 %
BMO.PR.F	FixedReset Disc	-2.98 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.23 %
RY.PR.H	FixedReset Disc	-2.98 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 4.98 %
CM.PR.Q	FixedReset Disc	-2.93 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.56 Evaluated at bid price : 14.56 Bid-YTW : 5.73 %
TD.PF.L	FixedReset Disc	-2.88 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 19.91 Evaluated at bid price : 19.91 Bid-YTW : 5.20 %
TD.PF.E	FixedReset Disc	-2.87 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.22 Evaluated at bid price : 16.22 Bid-YTW : 5.27 %
CIU.PR.A	Perpetual-Discount	-2.87 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.62 Evaluated at bid price : 20.62 Bid-YTW : 5.63 %
BAM.PR.X	FixedReset Disc	-2.83 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.60 Evaluated at bid price : 9.60 Bid-YTW : 6.26 %
CM.PR.O	FixedReset Disc	-2.82 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 5.60 %
TD.PF.M	FixedReset Disc	-2.81 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.18 %
CU.PR.D	Perpetual-Discount	-2.78 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.97 Evaluated at bid price : 22.36 Bid-YTW : 5.50 %
CU.PR.G	Perpetual-Discount	-2.78 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.97 Evaluated at bid price : 20.97 Bid-YTW : 5.41 %
SLF.PR.B	Deemed-Retractible	-2.72 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.92 Evaluated at bid price : 22.16 Bid-YTW : 5.42 %
BMO.PR.Y	FixedReset Disc	-2.69 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 5.19 %
MFC.PR.B	Deemed-Retractible	-2.68 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.54 %
TD.PF.K	FixedReset Disc	-2.65 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 5.26 %
RY.PR.J	FixedReset Disc	-2.64 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.22 Evaluated at bid price : 16.22 Bid-YTW : 5.03 %
CU.PR.I	FixedReset Disc	-2.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.27 Evaluated at bid price : 24.05 Bid-YTW : 4.66 %
SLF.PR.H	FixedReset Ins Non	-2.62 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.25 Evaluated at bid price : 12.25 Bid-YTW : 5.47 %
TD.PF.C	FixedReset Disc	-2.58 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.12 Evaluated at bid price : 15.12 Bid-YTW : 5.12 %
GWO.PR.H	Deemed-Retractible	-2.56 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.95 Evaluated at bid price : 20.95 Bid-YTW : 5.81 %
MFC.PR.C	Deemed-Retractible	-2.52 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.47 Evaluated at bid price : 20.47 Bid-YTW : 5.53 %
MFC.PR.L	FixedReset Ins Non	-2.51 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 13.21 Evaluated at bid price : 13.21 Bid-YTW : 5.55 %
CU.PR.H	Perpetual-Discount	-2.51 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.26 Evaluated at bid price : 23.73 Bid-YTW : 5.55 %
BIP.PR.E	FixedReset Disc	-2.50 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.44 %
IFC.PR.E	Deemed-Retractible	-2.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.78 Evaluated at bid price : 23.11 Bid-YTW : 5.72 %
TRP.PR.D	FixedReset Disc	-2.44 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.78 Evaluated at bid price : 12.78 Bid-YTW : 6.21 %
GWO.PR.S	Deemed-Retractible	-2.42 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.33 Evaluated at bid price : 22.57 Bid-YTW : 5.82 %
TD.PF.J	FixedReset Disc	-2.39 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 5.22 %
EIT.PR.B	SplitShare	-2.36 %	YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2025-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.80 Bid-YTW : 5.01 %
GWO.PR.R	Deemed-Retractible	-2.34 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.85 Evaluated at bid price : 20.85 Bid-YTW : 5.78 %
IFC.PR.G	FixedReset Ins Non	-2.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.56 Evaluated at bid price : 15.56 Bid-YTW : 5.56 %
BMO.PR.E	FixedReset Disc	-2.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.85 Evaluated at bid price : 16.85 Bid-YTW : 5.24 %
TRP.PR.E	FixedReset Disc	-2.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 6.21 %
TRP.PR.A	FixedReset Disc	-2.31 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 11.41 Evaluated at bid price : 11.41 Bid-YTW : 5.97 %
GWO.PR.P	Deemed-Retractible	-2.25 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.70 Evaluated at bid price : 22.99 Bid-YTW : 5.88 %
PWF.PR.T	FixedReset Disc	-2.24 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.85 Evaluated at bid price : 14.85 Bid-YTW : 5.41 %
GWO.PR.G	Deemed-Retractible	-2.23 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 5.81 %
CU.PR.F	Perpetual-Discount	-2.22 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.13 Evaluated at bid price : 21.13 Bid-YTW : 5.37 %
POW.PR.A	Perpetual-Discount	-2.17 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 24.06 Evaluated at bid price : 24.31 Bid-YTW : 5.85 %
GWO.PR.Q	Deemed-Retractible	-2.11 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.83 Evaluated at bid price : 22.22 Bid-YTW : 5.79 %
GWO.PR.I	Deemed-Retractible	-2.11 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 19.49 Evaluated at bid price : 19.49 Bid-YTW : 5.79 %
TD.PF.I	FixedReset Disc	-2.05 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.69 Evaluated at bid price : 17.69 Bid-YTW : 5.24 %
BIP.PR.D	FixedReset Disc	-1.96 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.27 %
PWF.PR.R	Perpetual-Discount	-1.93 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.06 Evaluated at bid price : 23.34 Bid-YTW : 5.97 %
CCS.PR.C	Deemed-Retractible	-1.93 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.56 Evaluated at bid price : 21.82 Bid-YTW : 5.73 %
BIK.PR.A	FixedReset Disc	-1.89 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.53 Evaluated at bid price : 23.30 Bid-YTW : 6.26 %
SLF.PR.I	FixedReset Ins Non	-1.83 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.06 Evaluated at bid price : 15.06 Bid-YTW : 5.46 %
BNS.PR.H	FixedReset Disc	-1.76 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.48 Evaluated at bid price : 22.86 Bid-YTW : 5.19 %
BNS.PR.I	FixedReset Disc	-1.76 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.32 Evaluated at bid price : 17.32 Bid-YTW : 4.85 %
PWF.PR.S	Perpetual-Discount	-1.75 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 5.86 %
IFC.PR.A	FixedReset Ins Non	-1.72 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 11.45 Evaluated at bid price : 11.45 Bid-YTW : 5.38 %
CU.PR.C	FixedReset Disc	-1.70 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.04 Evaluated at bid price : 15.04 Bid-YTW : 4.93 %
PWF.PR.Z	Perpetual-Discount	-1.69 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.81 Evaluated at bid price : 22.17 Bid-YTW : 5.88 %
MFC.PR.K	FixedReset Ins Non	-1.67 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.11 Evaluated at bid price : 14.11 Bid-YTW : 5.40 %
IFC.PR.I	Perpetual-Discount	-1.65 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.48 Evaluated at bid price : 23.80 Bid-YTW : 5.82 %
PVS.PR.E	SplitShare	-1.65 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : 5.38 %
PWF.PR.E	Perpetual-Discount	-1.64 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.11 Evaluated at bid price : 23.37 Bid-YTW : 5.96 %
POW.PR.G	Perpetual-Discount	-1.64 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.71 Evaluated at bid price : 24.00 Bid-YTW : 5.93 %
BMO.PR.W	FixedReset Disc	-1.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.46 Evaluated at bid price : 14.46 Bid-YTW : 5.23 %
GWO.PR.T	Deemed-Retractible	-1.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.03 Evaluated at bid price : 22.32 Bid-YTW : 5.77 %
PWF.PR.A	Floater	-1.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.05 Evaluated at bid price : 9.05 Bid-YTW : 4.78 %
ELF.PR.H	Perpetual-Discount	-1.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.18 Evaluated at bid price : 23.46 Bid-YTW : 5.95 %
IAF.PR.I	FixedReset Ins Non	-1.58 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.81 Evaluated at bid price : 16.81 Bid-YTW : 5.23 %
PWF.PR.F	Perpetual-Discount	-1.54 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.13 Evaluated at bid price : 22.41 Bid-YTW : 5.93 %
PWF.PR.L	Perpetual-Discount	-1.52 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.71 Evaluated at bid price : 21.96 Bid-YTW : 5.88 %
TD.PF.H	FixedReset Disc	-1.43 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.27 Evaluated at bid price : 22.67 Bid-YTW : 5.16 %
BIP.PR.C	FixedReset Disc	-1.42 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.73 Evaluated at bid price : 22.18 Bid-YTW : 6.03 %
BAM.PF.H	FixedReset Disc	-1.41 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.84 Evaluated at bid price : 24.50 Bid-YTW : 5.16 %
IAF.PR.B	Deemed-Retractible	-1.41 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.48 %
BIP.PR.B	FixedReset Disc	-1.40 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.35 Evaluated at bid price : 23.17 Bid-YTW : 5.91 %
MFC.PR.O	FixedReset Ins Non	-1.40 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 24.22 Evaluated at bid price : 24.65 Bid-YTW : 5.55 %
ELF.PR.G	Perpetual-Discount	-1.36 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.73 %
IAF.PR.G	FixedReset Ins Non	-1.35 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.29 Evaluated at bid price : 15.29 Bid-YTW : 5.56 %
IFC.PR.F	Deemed-Retractible	-1.34 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.14 Evaluated at bid price : 23.50 Bid-YTW : 5.74 %
MFC.PR.N	FixedReset Ins Non	-1.24 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 5.30 %
PWF.PR.O	Perpetual-Discount	-1.22 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 24.00 Evaluated at bid price : 24.25 Bid-YTW : 6.06 %
POW.PR.C	Perpetual-Discount	-1.20 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 24.29 Evaluated at bid price : 24.60 Bid-YTW : 5.99 %
TRP.PR.B	FixedReset Disc	-1.19 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 7.50 Evaluated at bid price : 7.50 Bid-YTW : 5.92 %
POW.PR.B	Perpetual-Discount	-1.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.78 Evaluated at bid price : 23.06 Bid-YTW : 5.89 %
RY.PR.W	Perpetual-Discount	-1.11 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.68 Evaluated at bid price : 23.95 Bid-YTW : 5.15 %
NA.PR.A	FixedReset Disc	-1.06 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.76 Evaluated at bid price : 23.26 Bid-YTW : 5.59 %
RY.PR.Q	FixedReset Disc	-1.06 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.78 Evaluated at bid price : 24.30 Bid-YTW : 5.21 %
BMO.PR.Z	Perpetual-Discount	-1.04 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.32 Evaluated at bid price : 23.80 Bid-YTW : 5.27 %
BAM.PF.I	FixedReset Disc	-1.03 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 23.70 Evaluated at bid price : 24.05 Bid-YTW : 5.06 %
MFC.PR.R	FixedReset Ins Non	-1.01 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.56 Evaluated at bid price : 20.56 Bid-YTW : 5.34 %
PWF.PR.G	Perpetual-Discount	-1.01 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 24.22 Evaluated at bid price : 24.51 Bid-YTW : 6.10 %
MFC.PR.F	FixedReset Ins Non	1.86 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.32 Evaluated at bid price : 9.32 Bid-YTW : 5.16 %
SLF.PR.G	FixedReset Ins Non	1.91 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 9.07 Evaluated at bid price : 9.07 Bid-YTW : 5.26 %
PVS.PR.H	SplitShare	3.33 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 24.80 Bid-YTW : 4.88 %

Volume Highlights
Issue	Index	Shares Traded	Notes
MFC.PR.R	FixedReset Ins Non	85,400	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 20.56 Evaluated at bid price : 20.56 Bid-YTW : 5.34 %
NA.PR.A	FixedReset Disc	66,100	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 22.76 Evaluated at bid price : 23.26 Bid-YTW : 5.59 %
MFC.PR.B	Deemed-Retractible	46,781	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.54 %
SLF.PR.I	FixedReset Ins Non	40,716	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.06 Evaluated at bid price : 15.06 Bid-YTW : 5.46 %
TRP.PR.E	FixedReset Disc	40,250	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 6.21 %
TD.PF.E	FixedReset Disc	39,900	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 16.22 Evaluated at bid price : 16.22 Bid-YTW : 5.27 %
There were 57 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
TRP.PR.C	FixedReset Disc	Quote: 8.51 – 13.90 Spot Rate : 5.3900 Average : 2.9444 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 8.51 Evaluated at bid price : 8.51 Bid-YTW : 6.08 %
MFC.PR.G	FixedReset Ins Non	Quote: 15.35 – 19.17 Spot Rate : 3.8200 Average : 2.2497 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 15.35 Evaluated at bid price : 15.35 Bid-YTW : 5.62 %
PWF.PR.P	FixedReset Disc	Quote: 8.15 – 10.50 Spot Rate : 2.3500 Average : 1.5267 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 8.15 Evaluated at bid price : 8.15 Bid-YTW : 6.56 %
BAM.PF.E	FixedReset Disc	Quote: 12.90 – 14.41 Spot Rate : 1.5100 Average : 0.9020 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 6.36 %
PVS.PR.G	SplitShare	Quote: 23.50 – 25.05 Spot Rate : 1.5500 Average : 0.9830 YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.21 %
TD.PF.I	FixedReset Disc	Quote: 17.69 – 19.00 Spot Rate : 1.3100 Average : 0.8546 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-11 Maturity Price : 17.69 Evaluated at bid price : 17.69 Bid-YTW : 5.24 %

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