TXPR closed at 641.45, down 0.86% on the day. Volume today was 1.77-million, a little below the median of the past 21 trading days.
CPD closed at 12.71, down 0.55% on the day. Volume was 311,680, highest by far of the past 21 trading days.
ZPR closed at 11.075, down 0.94% on the day. Volume was 348,430, highest by far of the past 21 trading days.
Five-year Canada yields were plunged to 2.75%.
It was pretty much a wild day everywhere:
Canada’s main stock index pared its decline on Monday and the Canadian dollar recovered from an earlier 22-year low as investors, fearing a recession, weighed prospects of a pause in the implementation of U.S. tariffs on Canadian imports.
U.S. President Donald Trump will postpone threatened tariffs on Canadian imports for at least 30 days, Prime Minister Justin Trudeau said after equity markets closed Monday.
The Canadian dollar (CADUSD -0.21% decrease) – which trades around the clock on weekdays – immediately responded by erasing its losses from earlier in the session. By late afternoon, it was back to levels on Friday, near 69.3 cents US.
…
The S&P/TSX composite index ended down 1.1% at 25,241.76, although closing well above its session low. It touched on Thursday a record closing high of 25,808.25.
…
The Canadian 10-year yield eased 4.9 basis points to 3.016%, after earlier touching its lowest level since Sept. 18 at 2.879%.The Dow Jones Industrial Average fell 122.75 points, or 0.28%, to 44,421.91, the S&P 500 lost 45.96 points, or 0.76%, to 5,994.57 and the Nasdaq Composite lost 235.49 points, or 1.2%, to 19,391.96.
| 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 | 1 | -1.2348 % | 2,303.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.2348 % | 4,417.7 |
| Floater | 7.22 % | 7.48 % | 36,910 | 11.93 | 4 | -1.2348 % | 2,546.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1443 % | 3,638.6 |
| SplitShare | 4.76 % | 4.53 % | 45,849 | 0.15 | 8 | 0.1443 % | 4,345.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1443 % | 3,390.4 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2894 % | 2,913.7 |
| Perpetual-Discount | 5.89 % | 6.05 % | 58,672 | 13.82 | 32 | -0.2894 % | 3,177.2 |
| FixedReset Disc | 5.37 % | 6.22 % | 112,478 | 13.36 | 51 | -0.7514 % | 2,843.4 |
| Insurance Straight | 5.81 % | 5.97 % | 69,022 | 13.90 | 21 | 0.5660 % | 3,113.9 |
| FloatingReset | 5.97 % | 6.07 % | 37,512 | 13.73 | 4 | -1.2317 % | 3,364.9 |
| FixedReset Prem | 6.09 % | 5.33 % | 175,827 | 14.18 | 9 | -0.3732 % | 2,579.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7514 % | 2,906.5 |
| FixedReset Ins Non | 5.21 % | 5.67 % | 79,145 | 14.19 | 14 | -2.3172 % | 2,901.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PR.Z | FixedReset Disc | -5.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.52 Evaluated at bid price : 21.90 Bid-YTW : 6.59 % |
| IFC.PR.C | FixedReset Ins Non | -5.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.02 % |
| BIP.PR.F | FixedReset Disc | -4.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.49 Evaluated at bid price : 23.25 Bid-YTW : 6.28 % |
| IFC.PR.G | FixedReset Ins Non | -4.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.58 Evaluated at bid price : 23.33 Bid-YTW : 5.80 % |
| MFC.PR.I | FixedReset Ins Non | -3.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.94 Evaluated at bid price : 23.80 Bid-YTW : 5.92 % |
| MFC.PR.N | FixedReset Ins Non | -3.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.60 Evaluated at bid price : 21.95 Bid-YTW : 5.67 % |
| SLF.PR.H | FixedReset Ins Non | -3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.77 % |
| IFC.PR.A | FixedReset Ins Non | -3.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.22 Evaluated at bid price : 20.22 Bid-YTW : 5.58 % |
| BN.PF.K | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.00 Evaluated at bid price : 15.52 Bid-YTW : 8.76 % |
|
| SLF.PR.G | FixedReset Ins Non | -2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 5.86 % |
| ENB.PF.E | FixedReset Disc | -2.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.07 Evaluated at bid price : 19.07 Bid-YTW : 6.99 % |
| BN.PF.G | FixedReset Disc | -2.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.24 Evaluated at bid price : 21.24 Bid-YTW : 6.45 % |
| FFH.PR.H | FloatingReset | -2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.97 Evaluated at bid price : 22.25 Bid-YTW : 6.07 % |
| IFC.PR.F | Insurance Straight | -2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.68 Evaluated at bid price : 22.10 Bid-YTW : 6.06 % |
| CCS.PR.C | Insurance Straight | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 5.95 % |
| GWO.PR.Q | Insurance Straight | -2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.10 % |
| FFH.PR.G | FixedReset Disc | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.65 Evaluated at bid price : 22.04 Bid-YTW : 5.83 % |
| PWF.PR.A | Floater | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 6.89 % |
| FFH.PR.I | FixedReset Disc | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.07 Evaluated at bid price : 22.70 Bid-YTW : 5.93 % |
| FFH.PR.J | FloatingReset | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.55 Evaluated at bid price : 22.90 Bid-YTW : 6.22 % |
| GWO.PR.R | Insurance Straight | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 6.04 % |
| FTS.PR.F | Perpetual-Discount | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.52 Evaluated at bid price : 21.78 Bid-YTW : 5.72 % |
| GWO.PR.L | Insurance Straight | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.38 Evaluated at bid price : 23.67 Bid-YTW : 6.04 % |
| POW.PR.C | Perpetual-Discount | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.69 Evaluated at bid price : 24.00 Bid-YTW : 6.10 % |
| BN.PR.R | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.36 % |
| PWF.PR.P | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 6.22 % |
| CM.PR.Q | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.61 Evaluated at bid price : 24.35 Bid-YTW : 5.50 % |
| MFC.PR.F | FixedReset Ins Non | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 17.68 Evaluated at bid price : 17.68 Bid-YTW : 5.58 % |
| FTS.PR.H | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 16.68 Evaluated at bid price : 16.68 Bid-YTW : 6.13 % |
| BN.PR.T | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.38 % |
| CU.PR.F | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 5.93 % |
| BN.PR.C | Floater | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 12.35 Evaluated at bid price : 12.35 Bid-YTW : 7.50 % |
| MFC.PR.J | FixedReset Ins Non | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.12 Evaluated at bid price : 24.36 Bid-YTW : 5.60 % |
| MFC.PR.M | FixedReset Ins Non | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.15 Evaluated at bid price : 22.77 Bid-YTW : 5.72 % |
| BN.PF.A | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.93 Evaluated at bid price : 24.08 Bid-YTW : 6.08 % |
| ENB.PF.C | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 6.78 % |
| ENB.PF.A | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 6.88 % |
| CU.PR.C | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.46 Evaluated at bid price : 21.46 Bid-YTW : 6.02 % |
| BN.PF.J | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.94 Evaluated at bid price : 23.90 Bid-YTW : 6.15 % |
| ENB.PR.Y | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 6.89 % |
| BN.PR.K | Floater | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 12.38 Evaluated at bid price : 12.38 Bid-YTW : 7.48 % |
| PVS.PR.J | SplitShare | 1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 4.68 % |
| BN.PR.N | Perpetual-Discount | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 6.13 % |
| NA.PR.E | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.36 Evaluated at bid price : 25.05 Bid-YTW : 5.26 % |
| PWF.PF.A | Perpetual-Discount | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.39 Evaluated at bid price : 19.39 Bid-YTW : 5.85 % |
| BN.PF.B | FixedReset Disc | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.18 Evaluated at bid price : 22.75 Bid-YTW : 6.11 % |
| MFC.PR.B | Insurance Straight | 2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.68 % |
| SLF.PR.C | Insurance Straight | 2.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 20.85 Evaluated at bid price : 20.85 Bid-YTW : 5.41 % |
| GWO.PR.T | Insurance Straight | 24.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.81 Evaluated at bid price : 21.81 Bid-YTW : 5.99 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.S | FixedReset Prem | 230,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 23.38 Evaluated at bid price : 25.42 Bid-YTW : 5.03 % |
| BN.PF.B | FixedReset Disc | 103,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.18 Evaluated at bid price : 22.75 Bid-YTW : 6.11 % |
| TD.PF.A | FixedReset Disc | 85,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.99 Evaluated at bid price : 24.47 Bid-YTW : 4.95 % |
| BN.PF.A | FixedReset Disc | 57,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 22.93 Evaluated at bid price : 24.08 Bid-YTW : 6.08 % |
| ENB.PF.G | FixedReset Disc | 54,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 6.85 % |
| ENB.PR.T | FixedReset Disc | 41,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-02-03 Maturity Price : 21.39 Evaluated at bid price : 21.39 Bid-YTW : 6.55 % |
| There were 19 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.H | Perpetual-Discount | Quote: 22.28 – 24.96 Spot Rate : 2.6800 Average : 1.4639 YTW SCENARIO |
| BIP.PR.F | FixedReset Disc | Quote: 23.25 – 24.75 Spot Rate : 1.5000 Average : 0.8951 YTW SCENARIO |
| BN.PR.Z | FixedReset Disc | Quote: 21.90 – 23.18 Spot Rate : 1.2800 Average : 0.7299 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 19.35 – 20.70 Spot Rate : 1.3500 Average : 0.8157 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 21.40 – 22.97 Spot Rate : 1.5700 Average : 1.0734 YTW SCENARIO |
| MFC.PR.I | FixedReset Ins Non | Quote: 23.80 – 24.78 Spot Rate : 0.9800 Average : 0.5600 YTW SCENARIO |
only 3 years, 11 months and 2 weeks to go… lol