Canadian Utilities Limited has announced: its intention to redeem on December 1, 2025 (the “Redemption Date”), all of its outstanding Cumulative Redeemable Second Preferred Shares Series FF (the “Series FF Shares”) at a price of …
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PPL.PR.I To Be Redeemed
Pembina Pipeline Corporation has announced: that it has closed its previously announced offering of $225 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 (the “Series 2 Notes”) due June 6, 2055 …
October 15, 2025
PerpetualDiscounts now yield 5.62%, equivalent to 7.31% interest at the standard conversion factor of 1.3x. Long corporates yielded 4.78% on 2025-10-8, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has remained at …
TRP.PR.G To Be Redeemed
On October 6, TC Energy Corporation announced: that TransCanada PipeLines Limited (TCPL) is considering an offering of U.S. Junior Subordinated Notes (Notes). If a successful offering is completed, the Company intends to use the net …
October 8, 2025
The TXPR Price Index hit a new 52-week high today of 681.80, edging the previous mark of 681.51 set on 2025-9-12. PerpetualDiscounts now yield 5.64%, equivalent to 7.33% interest at the standard conversion factor of …
October 1, 2025
So the saviour of the BLS jobs numbers is being replaced: The White House has sent paperwork to the Senate to withdraw the nomination of E.J. Antoni as head of the Bureau of Labor Statistics, …
TD.PF.E To Be Redeemed
The Toronto-Dominion Bank has announced: that it will exercise its right to redeem all of its 8,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 9 (Non-Viability Contingent Capital) (the “Series 9 …
September 24, 2025
PerpetualDiscounts now yield 5.71%, equivalent to 7.42% interest at the standard conversion factor of 1.3x. Long corporates yielded 4.86% on 2025-9-17, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) remains at the …
September 17, 2025
The FOMC released its statement: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. …
September 10, 2025
Wholesale inflation in the States is basically flat, but this came at the apparent expense of domestic profit margins: Producer prices unexpectedly fell 0.1% in August, cooling annual inflation to 2.6% from a downwardly revised …