{"id":33247,"date":"2016-06-23T03:06:02","date_gmt":"2016-06-23T08:06:02","guid":{"rendered":"http:\/\/prefblog.com\/?p=33247"},"modified":"2016-06-23T03:06:02","modified_gmt":"2016-06-23T08:06:02","slug":"june-22-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33247","title":{"rendered":"June 22, 2016"},"content":{"rendered":"

Canada Post is looking at drones<\/a>:<\/p>\n

The post office is quietly exploring the possibility of small, unmanned aerial vehicles one day helping get the mail to where it needs to go, said Jon Hamilton, a Canada Post spokesman.
…<\/b>
Canada Post declined to release documents through the Access to Information Act about its interest in drones, citing sensitivities such as trade secrets and financial, commercial, scientific or technical data.<\/p>\n

But Mr. Hamilton insists there are no drone prototypes in the post office laboratory \u2013 at least not yet.<\/p>\n

He characterized the effort as a \u201cpaper exercise\u201d at the very early exploratory stages, aimed at \u201cexamining what\u2019s out there today.\u201d<\/p><\/blockquote>\n

I wonder, I wonder … I wonder if current technology would allow for a cheap dumb mechanical system to be added to community mailboxes – so a drone could deliver the mail to a hopper on a community mailbox and a sorter would put the individual letters in their proper boxes …<\/p>\n

PerpetualDiscounts now yield 5.43%, equivalent to 7.06% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield about 3.95%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about 310bp, a significant narrowing from the 320bp reported June 15<\/a>.<\/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>\n0.1322 %<\/td>\n1,642.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1322 %<\/td>\n3,001.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.68 %<\/td>\n4.68 %<\/td>\n61,088<\/td>\n16.09<\/td>\n3<\/td>\n0.1322 %<\/td>\n1,729.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.87 %<\/td>\n0.54 %<\/td>\n38,088<\/td>\n0.08<\/td>\n1<\/td>\n0.0398 %<\/td>\n2,832.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n5.13 %<\/td>\n86,291<\/td>\n4.65<\/td>\n7<\/td>\n0.1842 %<\/td>\n3,340.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1842 %<\/td>\n2,606.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.61 %<\/td>\n-10.41 %<\/td>\n78,638<\/td>\n0.09<\/td>\n9<\/td>\n0.1482 %<\/td>\n2,630.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.37 %<\/td>\n5.43 %<\/td>\n103,277<\/td>\n14.75<\/td>\n28<\/td>\n0.1565 %<\/td>\n2,733.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.19 %<\/td>\n4.62 %<\/td>\n157,319<\/td>\n7.21<\/td>\n88<\/td>\n0.2027 %<\/td>\n1,962.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.14 %<\/td>\n5.28 %<\/td>\n124,017<\/td>\n4.92<\/td>\n33<\/td>\n-0.2008 %<\/td>\n2,694.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.15 %<\/td>\n5.17 %<\/td>\n28,159<\/td>\n5.19<\/td>\n18<\/td>\n0.1049 %<\/td>\n2,092.9<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BNS.PR.F<\/td>\nFloatingReset<\/td>\n-2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.06
\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.91
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 9.95
\nEvaluated at bid price : 9.95
\nBid-YTW : 4.45 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 12.35
\nEvaluated at bid price : 12.35
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.63
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 17.03
\nEvaluated at bid price : 17.03
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 11.41
\nEvaluated at bid price : 11.41
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
FTS.PR.I<\/td>\nFloatingReset<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 12.00
\nEvaluated at bid price : 12.00
\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 12.20
\nEvaluated at bid price : 12.20
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
GWO.PR.O<\/td>\nFloatingReset<\/td>\n3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.20
\nBid-YTW : 10.14 %<\/td>\n<\/tr>\n
MFC.PR.P<\/td>\nFloatingReset<\/td>\n3.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 11.50
\nBid-YTW : 12.25 %<\/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
NA.PR.A<\/td>\nFixedReset<\/td>\n139,496<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n115,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 24.58
\nEvaluated at bid price : 25.06
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n84,700<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.92
\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n74,391<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 18.29
\nEvaluated at bid price : 18.29
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset<\/td>\n65,356<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 19.61
\nEvaluated at bid price : 19.61
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset<\/td>\n34,212<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.25
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
There were 26 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
HSE.PR.B<\/td>\nFloatingReset<\/td>\nQuote: 10.67 – 11.60
\nSpot Rate : 0.9300
\nAverage : 0.6425<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 10.67
\nEvaluated at bid price : 10.67
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 13.80 – 14.28
\nSpot Rate : 0.4800
\nAverage : 0.3554<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.80
\nBid-YTW : 9.99 %<\/td>\n<\/tr>\n

BIP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 19.05 – 19.35
\nSpot Rate : 0.3000
\nAverage : 0.2109<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

TD.PR.T<\/td>\nFloatingReset<\/td>\nQuote: 21.50 – 21.79
\nSpot Rate : 0.2900
\nAverage : 0.2185<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n

W.PR.K<\/td>\nFixedReset<\/td>\nQuote: 25.52 – 25.75
\nSpot Rate : 0.2300
\nAverage : 0.1597<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

FTS.PR.H<\/td>\nFixedReset<\/td>\nQuote: 13.91 – 14.24
\nSpot Rate : 0.3300
\nAverage : 0.2623<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-22
\nMaturity Price : 13.91
\nEvaluated at bid price : 13.91
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Canada Post is looking at drones: The post office is quietly exploring the possibility of small, unmanned aerial vehicles one day helping get the mail to where it needs to go, said Jon Hamilton, a …<\/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-33247","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33247","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=33247"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33247\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}