{"id":20737,"date":"2013-01-03T23:55:59","date_gmt":"2013-01-04T03:55:59","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20737"},"modified":"2013-01-03T23:55:59","modified_gmt":"2013-01-04T03:55:59","slug":"january-3-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20737","title":{"rendered":"January 3, 2013"},"content":{"rendered":"

Suncor has a corporate policy of ineffective supervision<\/a>:<\/p>\n

Last June, Suncor told its workers it would introduce a sweeping random drug-and-alcohol testing policy for all employees in \u201csafety-sensitive\u201d roles, meaning they could be tested at any time.<\/p><\/blockquote>\n

Workers in safety-sensitive jobs aren’t supervised? What kind of company is this?<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 6bp, FixedResets down 5bp and DeemedRetractibles up 14bp. Volatility was low. Volume picked up, and is now merely very low.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3341 %<\/td>\n2,487.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.29 %<\/td>\n3.66 %<\/td>\n29,819<\/td>\n17.94<\/td>\n1<\/td>\n1.1431 %<\/td>\n3,746.6<\/td>\n<\/tr>\n
Floater<\/td>\n2.80 %<\/td>\n3.01 %<\/td>\n54,857<\/td>\n19.74<\/td>\n4<\/td>\n0.3341 %<\/td>\n2,685.4<\/td>\n<\/tr>\n
OpRet<\/td>\n4.62 %<\/td>\n-3.44 %<\/td>\n51,130<\/td>\n0.41<\/td>\n4<\/td>\n0.1622 %<\/td>\n2,601.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.64 %<\/td>\n4.67 %<\/td>\n50,261<\/td>\n4.35<\/td>\n2<\/td>\n-0.2613 %<\/td>\n2,873.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1622 %<\/td>\n2,378.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.25 %<\/td>\n0.31 %<\/td>\n69,152<\/td>\n0.77<\/td>\n30<\/td>\n0.0594 %<\/td>\n2,335.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.86 %<\/td>\n4.85 %<\/td>\n133,209<\/td>\n15.76<\/td>\n4<\/td>\n0.0203 %<\/td>\n2,642.0<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.92 %<\/td>\n2.97 %<\/td>\n203,611<\/td>\n4.03<\/td>\n78<\/td>\n-0.0451 %<\/td>\n2,469.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.87 %<\/td>\n0.11 %<\/td>\n110,894<\/td>\n0.36<\/td>\n46<\/td>\n0.1354 %<\/td>\n2,431.1<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-03-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.60
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-03
\nMaturity Price : 22.62
\nEvaluated at bid price : 22.12
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nDeemed-Retractible<\/td>\n101,384<\/td>\nDesjardins crossed 96,000 at 25.93.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-05-24
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.92
\nBid-YTW : 1.30 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nDeemed-Retractible<\/td>\n84,870<\/td>\nNational bought 39,100 from CIBC, then crossed 40,000, both at 26.80.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-05-24
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.80
\nBid-YTW : -1.00 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n55,783<\/td>\nTD crossed 42,600 at 25.95.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.94
\nBid-YTW : 2.21 %<\/td>\n<\/tr>\n
CM.PR.M<\/td>\nFixedReset<\/td>\n41,362<\/td>\nNesbitt crossed 40,000 at 26.60.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.62
\nBid-YTW : 2.02 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n28,112<\/td>\nNesbitt bought 10,000 from anonymous at 17.59.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-03
\nMaturity Price : 17.54
\nEvaluated at bid price : 17.54
\nBid-YTW : 3.01 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n23,687<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.12
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
There were 14 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 17.48 – 19.00
\nSpot Rate : 1.5200
\nAverage : 1.3691<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-03
\nMaturity Price : 17.48
\nEvaluated at bid price : 17.48
\nBid-YTW : 3.02 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.45 – 24.88
\nSpot Rate : 0.4300
\nAverage : 0.2852<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.45
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 24.16 – 24.50
\nSpot Rate : 0.3400
\nAverage : 0.2249<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.16
\nBid-YTW : 3.82 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 25.55 – 25.80
\nSpot Rate : 0.2500
\nAverage : 0.1525<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-03
\nMaturity Price : 23.77
\nEvaluated at bid price : 25.55
\nBid-YTW : 3.18 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.77 – 25.09
\nSpot Rate : 0.3200
\nAverage : 0.2242<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.77
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n

BAM.PR.G<\/td>\nFixedFloater<\/td>\nQuote: 22.12 – 22.83
\nSpot Rate : 0.7100
\nAverage : 0.6189<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-03
\nMaturity Price : 22.62
\nEvaluated at bid price : 22.12
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Suncor has a corporate policy of ineffective supervision: Last June, Suncor told its workers it would introduce a sweeping random drug-and-alcohol testing policy for all employees in \u201csafety-sensitive\u201d roles, meaning they could be tested at …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-20737","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20737"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20737\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}