I admired Jody Wilson-Raybould and her stand on principle regarding SNC-Lavalin and its legal problems.
Not because I think Trudeau and the rest of Cabinet did much wrong, though! It should be clear that in government, the boss can say something like ‘Gee, you know, it sure would be nice if such-and-such a decision was made on this issue”, and the next day, like magic, a memo appears on his desk to the effect that a completely independent assessment of the issue, based solely on the evidence, has resulted in a decision of such-and-such. This happens most of the time in private industry, too.
In politics, you’re continually subject to testing. Are you loyal? We know you disagree with us on this issue, but you’re going to vote with us, aren’t you, buddy? Right? Every single vote, whether in Parliament or committee represents a test and if the party should decide that War Is Peace, Freedom Is Slavery, and Ignorance Is Strength, well then, stick your hand up. Trudeau’s mistake was that he gave the nod-and-wink to somebody who hadn’t been sufficiently tested for such a senior position, given that she was first elected in 2015. He thought she was a normal cabinet minister:
I grew so rich that I was sent
By a pocket borough into Parliament.
I always voted at my party’s call,
And I never thought of thinking for myself at all.
….
I thought so little, they rewarded me
By making me the Ruler of the Queen’s Navee!
So anyway, I decided to donate some money to her campaign … just in an attempt to give the next guy placed in the position she was in a little backbone. And what do I find?
Thank you to everyone who has donated to the 2019 Campaign to Re-Elect Jody Wilson-Raybould. With your support for a different way of doing politics and your generosity we have now exceeded our fundraising targets and will no longer be accepting monetary contributions.
I’m astonished.
Jane Philpott still needs money, though!
| 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 | -1.1953 % | 1,909.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.1953 % | 3,503.0 |
| Floater | 6.31 % | 6.46 % | 49,916 | 13.25 | 4 | -1.1953 % | 2,018.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0056 % | 3,377.1 |
| SplitShare | 4.67 % | 4.62 % | 55,498 | 4.01 | 7 | -0.0056 % | 4,032.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0056 % | 3,146.6 |
| Perpetual-Premium | 5.61 % | -18.05 % | 67,445 | 0.09 | 6 | 0.0911 % | 2,992.9 |
| Perpetual-Discount | 5.42 % | 5.50 % | 63,979 | 14.55 | 28 | -0.0308 % | 3,170.0 |
| FixedReset Disc | 5.56 % | 5.52 % | 169,400 | 14.36 | 73 | 0.0051 % | 2,062.7 |
| Deemed-Retractible | 5.23 % | 5.80 % | 72,847 | 7.90 | 27 | -0.0663 % | 3,150.8 |
| FloatingReset | 4.57 % | 6.76 % | 59,969 | 7.94 | 3 | -0.2375 % | 2,331.3 |
| FixedReset Prem | 5.24 % | 3.93 % | 128,864 | 1.58 | 14 | 0.0167 % | 2,586.9 |
| FixedReset Bank Non | 1.97 % | 4.21 % | 81,669 | 2.27 | 3 | 0.1528 % | 2,665.8 |
| FixedReset Ins Non | 5.53 % | 8.25 % | 104,660 | 7.91 | 21 | -0.2552 % | 2,090.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.C | FixedReset Ins Non | -3.75 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.70 Bid-YTW : 8.88 % |
| CCS.PR.C | Deemed-Retractible | -2.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.82 Bid-YTW : 5.63 % |
| GWO.PR.N | FixedReset Ins Non | -1.69 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.97 Bid-YTW : 9.37 % |
| PWF.PR.A | Floater | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 11.70 Evaluated at bid price : 11.70 Bid-YTW : 5.99 % |
| IFC.PR.A | FixedReset Ins Non | -1.55 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.95 Bid-YTW : 10.31 % |
| PWF.PR.T | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 17.14 Evaluated at bid price : 17.14 Bid-YTW : 5.76 % |
| BAM.PR.B | Floater | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 6.49 % |
| HSE.PR.C | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 16.38 Evaluated at bid price : 16.38 Bid-YTW : 6.95 % |
| MFC.PR.G | FixedReset Ins Non | -1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.10 Bid-YTW : 8.25 % |
| BAM.PR.K | Floater | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.67 Evaluated at bid price : 10.67 Bid-YTW : 6.51 % |
| MFC.PR.F | FixedReset Ins Non | -1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.52 Bid-YTW : 10.84 % |
| GWO.PR.R | Deemed-Retractible | -1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.55 Bid-YTW : 6.12 % |
| BAM.PR.Z | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.05 % |
| BAM.PR.R | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 6.28 % |
| CU.PR.F | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.30 % |
| BMO.PR.T | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 5.52 % |
| SLF.PR.G | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.90 Bid-YTW : 10.60 % |
| RY.PR.M | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 5.49 % |
| GWO.PR.T | Deemed-Retractible | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.80 Bid-YTW : 5.80 % |
| TD.PF.I | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.33 % |
| NA.PR.G | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 19.53 Evaluated at bid price : 19.53 Bid-YTW : 5.66 % |
| CM.PR.Q | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 5.77 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.B | FixedReset Disc | 736,315 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 10.89 Evaluated at bid price : 10.89 Bid-YTW : 6.12 % |
| TD.PF.J | FixedReset Disc | 96,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.34 % |
| TD.PF.D | FixedReset Disc | 68,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 5.46 % |
| CM.PR.Y | FixedReset Disc | 56,050 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 23.08 Evaluated at bid price : 24.75 Bid-YTW : 5.14 % |
| TRP.PR.D | FixedReset Disc | 44,810 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 15.99 Evaluated at bid price : 15.99 Bid-YTW : 6.06 % |
| CM.PR.S | FixedReset Disc | 40,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-24 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 5.47 % |
| There were 26 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.E | FixedReset Disc | Quote: 17.80 – 18.50 Spot Rate : 0.7000 Average : 0.4951 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 13.97 – 14.44 Spot Rate : 0.4700 Average : 0.3333 YTW SCENARIO |
| BNS.PR.I | FixedReset Disc | Quote: 19.96 – 20.35 Spot Rate : 0.3900 Average : 0.2572 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 12.71 – 13.13 Spot Rate : 0.4200 Average : 0.2972 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 16.70 – 17.00 Spot Rate : 0.3000 Average : 0.2071 YTW SCENARIO |
| PWF.PR.T | FixedReset Disc | Quote: 17.14 – 17.45 Spot Rate : 0.3100 Average : 0.2172 YTW SCENARIO |