TXPR closed at 700.50, setting a new 52-week high, up 0.81% on the day. Volume today was 2.60-million, highest by far of the past 21 trading days.
CPD closed at 13.91, up 0.29% on the day. Volume was 49,790 (consolidated volume was 368,530), near the median of the past 21 trading days.
ZPR closed at 12.66, setting a new 52-week high, up 0.32% on the day. Volume was 103,580 (consolidated = 269,320), near the median of the past 21 trading days.
Five-year Canada yields were down to 3.05%.
The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday, while the blue-chip Dow marked its highest finish since late February, as investors cheered Iran’s decision to open the Strait of Hormuz and were optimistic it could reach an agreement with the United States. The TSX is now less than 200 points away from its own record closing high.
Iranian Foreign Minister Abbas Araqchi said in a post on X that passage for all commercial vessels through the Strait of Hormuz was “completely open” for the remainder of the 10-day truce between Israeli forces and Iran-backed Hezbollah agreed to in Lebanon. This followed U.S. President Donald Trump’s announcement that talks could take place this weekend between Tehran and Washington and that they could soon secure a peace agreement to end the Iran war, which has left thousands dead since the U.S. and Israel launched joint strikes on Iran on February 28.
With traders increasingly confident that an end to the war is near, U.S. crude oil prices tumbled 11%, alleviating inflation concerns. The Strait of Hormuz is a vital waterway for global energy transportation.
…
According to preliminary data, the S&P 500 gained 84.64 points, or 1.20%, to end at 7,125.12 points, while the Nasdaq Composite gained 363.57 points, or 1.51%, to 24,466.27. The Dow Jones Industrial Average rose 864.23 points, or 1.78%, to 49,442.95.The S&P/TSX Composite Index closed up 0.86%, or 294.06 points, at 34,346.29, just below the record closing high of 34,541.27 on March 2. The drop in oil prices pressured energy shares, leading to TSX underperformance relative to the major U.S. indexes.
| 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 | -0.6335 % | 2,479.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6335 % | 4,701.7 |
| Floater | 5.84 % | 5.98 % | 26,463 | 13.95 | 4 | -0.6335 % | 2,709.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0633 % | 3,651.4 |
| SplitShare | 4.78 % | 4.45 % | 66,237 | 2.89 | 5 | 0.0633 % | 4,360.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0633 % | 3,402.3 |
| Perpetual-Premium | 5.85 % | -6.26 % | 62,944 | 0.08 | 1 | 0.3185 % | 3,025.7 |
| Perpetual-Discount | 5.69 % | 5.73 % | 51,457 | 14.28 | 34 | 0.3324 % | 3,330.5 |
| FixedReset Disc | 5.82 % | 5.97 % | 113,071 | 13.76 | 27 | 0.0655 % | 3,236.0 |
| Insurance Straight | 5.57 % | 5.65 % | 56,300 | 14.37 | 22 | 0.7602 % | 3,267.9 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0655 % | 3,849.6 |
| FixedReset Prem | 5.97 % | 4.58 % | 95,556 | 1.96 | 21 | 0.1742 % | 2,656.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0655 % | 3,307.9 |
| FixedReset Ins Non | 5.14 % | 5.36 % | 79,685 | 14.50 | 14 | -0.1223 % | 3,214.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.E | Insurance Straight | -5.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 21.96 Evaluated at bid price : 22.20 Bid-YTW : 5.90 % |
| SLF.PR.G | FixedReset Ins Non | -3.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 19.76 Evaluated at bid price : 19.76 Bid-YTW : 5.65 % |
| BN.PR.K | Floater | -2.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 12.81 Evaluated at bid price : 12.81 Bid-YTW : 6.15 % |
| MFC.PR.J | FixedReset Ins Non | -1.43 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 5.36 % |
| BN.PF.B | FixedReset Disc | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 23.19 Evaluated at bid price : 24.49 Bid-YTW : 5.91 % |
| GWO.PR.G | Insurance Straight | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.64 % |
| PWF.PR.F | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.55 Evaluated at bid price : 22.80 Bid-YTW : 5.77 % |
| ENB.PR.P | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.47 Evaluated at bid price : 23.03 Bid-YTW : 6.21 % |
| MFC.PR.B | Insurance Straight | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.07 Evaluated at bid price : 22.30 Bid-YTW : 5.26 % |
| GWO.PR.R | Insurance Straight | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 21.24 Evaluated at bid price : 21.24 Bid-YTW : 5.71 % |
| CU.PR.F | Perpetual-Discount | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 5.50 % |
| GWO.PR.N | FixedReset Ins Non | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 19.37 Evaluated at bid price : 19.37 Bid-YTW : 5.60 % |
| BN.PF.E | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.81 Evaluated at bid price : 23.90 Bid-YTW : 5.77 % |
| BN.PR.X | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 20.71 Evaluated at bid price : 20.71 Bid-YTW : 5.92 % |
| ELF.PR.H | Perpetual-Discount | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 23.86 Evaluated at bid price : 24.11 Bid-YTW : 5.73 % |
| PWF.PR.L | Perpetual-Discount | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 21.98 Evaluated at bid price : 22.21 Bid-YTW : 5.75 % |
| GWO.PR.L | Insurance Straight | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 24.65 Evaluated at bid price : 24.91 Bid-YTW : 5.71 % |
| GWO.PR.T | Insurance Straight | 2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 22.82 Evaluated at bid price : 23.10 Bid-YTW : 5.61 % |
| IFC.PR.I | Insurance Straight | 8.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 23.58 Evaluated at bid price : 24.00 Bid-YTW : 5.66 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CU.PR.D | Perpetual-Discount | 207,545 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 21.46 Evaluated at bid price : 21.72 Bid-YTW : 5.71 % |
| PWF.PR.O | Perpetual-Discount | 205,515 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 24.50 Evaluated at bid price : 24.75 Bid-YTW : 5.87 % |
| PWF.PR.E | Perpetual-Discount | 204,857 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 23.49 Evaluated at bid price : 23.76 Bid-YTW : 5.80 % |
| FTS.PR.M | FixedReset Disc | 85,866 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 23.29 Evaluated at bid price : 25.00 Bid-YTW : 5.54 % |
| GWO.PR.H | Insurance Straight | 65,351 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 21.34 Evaluated at bid price : 21.61 Bid-YTW : 5.65 % |
| PWF.PR.P | FixedReset Disc | 60,442 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-17 Maturity Price : 20.96 Evaluated at bid price : 20.96 Bid-YTW : 5.58 % |
| There were 41 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 |
| PWF.PR.P | FixedReset Disc | Quote: 20.96 – 25.00 Spot Rate : 4.0400 Average : 2.1695 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 23.10 – 25.00 Spot Rate : 1.9000 Average : 1.1939 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 22.70 – 23.90 Spot Rate : 1.2000 Average : 0.7221 YTW SCENARIO |
| SLF.PR.G | FixedReset Ins Non | Quote: 19.76 – 21.00 Spot Rate : 1.2400 Average : 0.7729 YTW SCENARIO |
| IFC.PR.E | Insurance Straight | Quote: 22.20 – 23.90 Spot Rate : 1.7000 Average : 1.2379 YTW SCENARIO |
| MFC.PR.J | FixedReset Ins Non | Quote: 25.50 – 26.50 Spot Rate : 1.0000 Average : 0.6149 YTW SCENARIO |