Canadian inflation was steady in November:
Economists and academics expect the trend of rising prices at the grocery store will follow consumers into 2026 even as Statistics Canada reported the overall inflation rate held steady in November.
The agency said Monday that annual inflation rose 2.2 per cent in November, unchanged from the previous month and a tick below economists’ expectations.
Grocery prices were up 4.7 per cent year-over-year in November – a jump from 3.4 per cent in October and the highest level recorded since December 2023.
Rising prices for fresh berries were driving the acceleration in November, Statscan said, and costs were also rising in a broad category that includes prepared foods like soup and potato chips.
Prices for fresh or frozen beef were up 17.7 per cent in November amid lower cattle inventories across North America. Meanwhile, tariffs from the United States, combined with tough weather conditions, are putting strain on coffee-producing regions, driving the cost of refined coffee up 27.8 per cent annually.
| 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 | -0.2030 % | 2,424.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2030 % | 4,597.4 |
| Floater | 5.94 % | 6.14 % | 66,135 | 13.77 | 3 | -0.2030 % | 2,649.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1731 % | 3,673.9 |
| SplitShare | 4.75 % | 3.82 % | 70,673 | 1.17 | 5 | 0.1731 % | 4,387.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1731 % | 3,423.3 |
| Perpetual-Premium | 5.64 % | -0.71 % | 80,497 | 0.09 | 7 | 0.0337 % | 3,112.0 |
| Perpetual-Discount | 5.53 % | 5.63 % | 50,668 | 14.40 | 26 | -0.0673 % | 3,419.6 |
| FixedReset Disc | 5.85 % | 6.08 % | 106,126 | 13.64 | 31 | -0.2849 % | 3,120.7 |
| Insurance Straight | 5.50 % | 5.53 % | 61,112 | 14.57 | 21 | 0.3731 % | 3,301.2 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2849 % | 3,712.5 |
| FixedReset Prem | 5.90 % | 4.48 % | 98,456 | 2.24 | 20 | 0.0595 % | 2,659.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2849 % | 3,190.0 |
| FixedReset Ins Non | 5.26 % | 5.57 % | 83,393 | 14.31 | 13 | 0.9692 % | 3,118.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.I | Insurance Straight | -8.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 22.02 Evaluated at bid price : 22.40 Bid-YTW : 6.14 % |
| ENB.PF.C | FixedReset Disc | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.60 Evaluated at bid price : 21.90 Bid-YTW : 6.45 % |
| GWO.PR.Y | Insurance Straight | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 6.16 % |
| MFC.PR.C | Insurance Straight | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.48 Evaluated at bid price : 21.74 Bid-YTW : 5.19 % |
| ENB.PF.G | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.82 Evaluated at bid price : 22.25 Bid-YTW : 6.42 % |
| BN.PR.B | Floater | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 12.72 Evaluated at bid price : 12.72 Bid-YTW : 6.15 % |
| BN.PF.J | FixedReset Prem | 1.11 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : 4.27 % |
| BN.PF.G | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 22.92 Evaluated at bid price : 24.27 Bid-YTW : 5.93 % |
| PWF.PR.Z | Perpetual-Discount | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.62 % |
| BN.PF.A | FixedReset Prem | 1.55 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : 5.27 % |
| BN.PR.K | Floater | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 12.75 Evaluated at bid price : 12.75 Bid-YTW : 6.14 % |
| TD.PF.I | FixedReset Prem | 1.71 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.70 Bid-YTW : 3.00 % |
| GWO.PR.I | Insurance Straight | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.35 % |
| SLF.PR.C | Insurance Straight | 4.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.72 Evaluated at bid price : 21.97 Bid-YTW : 5.07 % |
| IFC.PR.F | Insurance Straight | 11.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 24.26 Evaluated at bid price : 24.50 Bid-YTW : 5.51 % |
| GWO.PR.N | FixedReset Ins Non | 18.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 5.91 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| GWO.PR.R | Insurance Straight | 54,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.28 Evaluated at bid price : 21.55 Bid-YTW : 5.57 % |
| IFC.PR.A | FixedReset Ins Non | 54,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 21.25 Evaluated at bid price : 21.52 Bid-YTW : 5.61 % |
| FFH.PR.I | FixedReset Disc | 50,500 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-30 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 4.82 % |
| CU.PR.K | Perpetual-Discount | 49,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 24.56 Evaluated at bid price : 24.95 Bid-YTW : 5.65 % |
| PWF.PR.Z | Perpetual-Discount | 41,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.62 % |
| POW.PR.I | Perpetual-Premium | 38,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-15 Maturity Price : 24.66 Evaluated at bid price : 25.06 Bid-YTW : 5.68 % |
| There were 14 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 |
| IFC.PR.I | Insurance Straight | Quote: 22.40 – 25.99 Spot Rate : 3.5900 Average : 2.4228 YTW SCENARIO |
| GWO.PR.Y | Insurance Straight | Quote: 18.34 – 21.43 Spot Rate : 3.0900 Average : 2.4449 YTW SCENARIO |
| NA.PR.E | FixedReset Prem | Quote: 25.75 – 26.49 Spot Rate : 0.7400 Average : 0.4395 YTW SCENARIO |
| BN.PF.E | FixedReset Disc | Quote: 22.47 – 23.60 Spot Rate : 1.1300 Average : 0.9273 YTW SCENARIO |
| BN.PR.X | FixedReset Disc | Quote: 19.50 – 19.95 Spot Rate : 0.4500 Average : 0.3111 YTW SCENARIO |
| BN.PF.I | FixedReset Prem | Quote: 25.32 – 25.70 Spot Rate : 0.3800 Average : 0.2532 YTW SCENARIO |