{"id":26017,"date":"2014-08-07T19:19:39","date_gmt":"2014-08-08T00:19:39","guid":{"rendered":"http:\/\/prefblog.com\/?p=26017"},"modified":"2014-08-07T19:19:39","modified_gmt":"2014-08-08T00:19:39","slug":"august-7-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26017","title":{"rendered":"August 7, 2014"},"content":{"rendered":"

Call the papers! A cabinet minister said something intelligent<\/a>:<\/p>\n

Federal Employment Minister Jason Kenney says he wants to exploit a \u201cdysfunctional\u201d American immigration system to lure high-tech workers to Canada when they can\u2019t get permanent residency in the United States.<\/p>\n

The minister said Wednesday the U.S. failure to reform its immigration system is keeping an opportunity open for Canada and there are plans to make it easier for prospects to come to Canada with program changes this January. Mr. Kenney did not provide details of the specific changes.
…<\/b>
\u201cIf you\u2019ve got a degree in something like computer science from Stanford or the Massachusetts Institute of Technology and the Americans won\u2019t give you a green card, you\u2019re welcome to Canada. We have a functioning immigration system that will become even faster-moving under express entry in January of next year.\u201d<\/p><\/blockquote>\n

Fortunately for our prejudices, however, they had to admit:<\/p>\n

Mr. Kenney noted that Canada previously posted a billboard in Silicon Valley, promoting low taxes and visas for those having trouble with their U.S. visas.<\/p>\n

Mr. Kenney\u2019s office was asked about numbers on the program, but a spokesperson said they were not available.<\/p><\/blockquote>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 8bp, FixedResets up 14bp and DeemedRetractibles gaining 3bp. Volatility was minimal. Volume was extremely low.<\/p>\n\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>\n0.0416 %<\/td>\n2,636.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.16 %<\/td>\n3.40 %<\/td>\n26,564<\/td>\n18.61<\/td>\n1<\/td>\n0.0439 %<\/td>\n4,165.7<\/td>\n<\/tr>\n
Floater<\/td>\n2.91 %<\/td>\n3.04 %<\/td>\n45,462<\/td>\n19.61<\/td>\n4<\/td>\n0.0416 %<\/td>\n2,726.5<\/td>\n<\/tr>\n
OpRet<\/td>\n4.02 %<\/td>\n-0.40 %<\/td>\n76,011<\/td>\n0.08<\/td>\n1<\/td>\n-0.0392 %<\/td>\n2,717.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.24 %<\/td>\n3.94 %<\/td>\n58,673<\/td>\n3.97<\/td>\n6<\/td>\n0.0508 %<\/td>\n3,125.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0392 %<\/td>\n2,485.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-3.87 %<\/td>\n85,475<\/td>\n0.09<\/td>\n19<\/td>\n-0.0145 %<\/td>\n2,435.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.25 %<\/td>\n5.20 %<\/td>\n115,886<\/td>\n15.15<\/td>\n17<\/td>\n-0.0818 %<\/td>\n2,583.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.58 %<\/td>\n194,584<\/td>\n6.73<\/td>\n75<\/td>\n0.1424 %<\/td>\n2,561.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.00 %<\/td>\n1.44 %<\/td>\n113,140<\/td>\n0.23<\/td>\n42<\/td>\n0.0304 %<\/td>\n2,549.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.68 %<\/td>\n2.10 %<\/td>\n81,133<\/td>\n3.78<\/td>\n6<\/td>\n0.1447 %<\/td>\n2,520.9<\/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
CIU.PR.C<\/td>\nFixedReset<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.65
\nBid-YTW : 3.33 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 23.13
\nEvaluated at bid price : 23.56
\nBid-YTW : 3.33 %<\/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
TD.PF.B<\/td>\nFixedReset<\/td>\n165,375<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.04
\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\n145,673<\/td>\nTD crossed 140,000 at 25.75.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n64,868<\/td>\nScotia crossed 50,000 at 25.31.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.39
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n58,550<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 23.13
\nEvaluated at bid price : 24.96
\nBid-YTW : 3.61 %<\/td>\n<\/tr>\n
PVS.PR.D<\/td>\nSplitShare<\/td>\n29,125<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2021-10-08
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.50
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n22,683<\/td>\nScotia crossed 20,000 at 23.74.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.66
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
There were 13 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
W.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.20 – 26.20
\nSpot Rate : 1.0000
\nAverage : 0.5943<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : -0.02 %<\/td>\n<\/tr>\n

FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.01 – 24.58
\nSpot Rate : 0.5700
\nAverage : 0.3990<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 23.64
\nEvaluated at bid price : 24.01
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.10 – 24.38
\nSpot Rate : 0.2800
\nAverage : 0.1857<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n

BNS.PR.B<\/td>\nFloatingReset<\/td>\nQuote: 25.26 – 25.53
\nSpot Rate : 0.2700
\nAverage : 0.1827<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-10-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.26
\nBid-YTW : 2.28 %<\/td>\n<\/tr>\n

CIU.PR.C<\/td>\nFixedReset<\/td>\nQuote: 21.65 – 22.20
\nSpot Rate : 0.5500
\nAverage : 0.4657<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-07
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.65
\nBid-YTW : 3.33 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.10 – 23.65
\nSpot Rate : 0.5500
\nAverage : 0.4664<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Call the papers! A cabinet minister said something intelligent: Federal Employment Minister Jason Kenney says he wants to exploit a \u201cdysfunctional\u201d American immigration system to lure high-tech workers to Canada when they can\u2019t get permanent …<\/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-26017","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26017","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=26017"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26017\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}