{"id":33459,"date":"2016-08-05T22:34:05","date_gmt":"2016-08-06T03:34:05","guid":{"rendered":"http:\/\/prefblog.com\/?p=33459"},"modified":"2016-08-05T22:34:05","modified_gmt":"2016-08-06T03:34:05","slug":"august-5-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33459","title":{"rendered":"August 5, 2016"},"content":{"rendered":"

Jobs, jobs, jobs<\/a>!<\/p>\n

Payrolls climbed by 255,000 last month, exceeding all forecasts in a Bloomberg survey of 89 economists, following a 292,000 gain in June that was a bit larger than previously estimated, a Labor Department report showed Friday. The jobless rate held at 4.9 percent as many of the people streaming into the labor force found jobs.
…<\/b>
The labor force participation rate, which indicates the share of working-age people who are employed or looking for work, increased to 62.8 percent from 62.7 percent.<\/p>\n

Wage growth offered more promising signs of acceleration, with average hourly earnings rising a more-than-forecast 0.3 percent from a month earlier, the most since April, to $25.69. The year-over-year increase was 2.6 percent in July, the same as in June.<\/p>\n

The average work week for all workers also increased by 6 minutes to 34.5 hours in July from 34.4.<\/p><\/blockquote>\n

Meanwhile, in the frozen North<\/a>:<\/p>\n

\n

Canada\u2019s economy lost 31,000 jobs in July, due to a big drop in public administration positions as well as declines in Ontario and among younger workers.<\/p>\n

Full-time work plunged by 71,000 spots and part time employment rose by 40,000.<\/p>\n

The jobless rate rose to 6.9 per cent from 6.8 per cent in June, Statistics Canada said in its monthly labour report released on Friday.<\/p><\/blockquote>\n

Meanwhile, there are those who are frightened that foreigners might want to buy what we’re selling<\/a>:<\/p>\n

Realtors say it\u2019s still too early to tell how much the B.C. government\u2019s recent 15-per-cent tax on Vancouver-area residential properties purchased by people who aren\u2019t permanent residents will fuel demand for Toronto housing. There are concerns the tax will lead foreign buyers to purchase homes in the GTA market instead.
…<\/b>
The province\u2019s tax adds another layer of angst to the Toronto market, already in the midst of double-digit price gains, fierce bidding wars and what the local real estate board called the \u201ctroubling trend\u201d of a shrinking supply of resale homes on the market.<\/p>\n

Unease has been growing over skyrocketing real estate prices in both markets. The Bank of Canada recently issued warnings about unsustainable growth, while the federal government has struck a working group to issue recommendations on how to make Vancouver and Toronto\u2019s housing more affordable.<\/p><\/blockquote>\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>\n-0.1420 %<\/td>\n1,692.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1420 %<\/td>\n3,092.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.85 %<\/td>\n4.59 %<\/td>\n83,945<\/td>\n16.14<\/td>\n4<\/td>\n-0.1420 %<\/td>\n1,782.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.85 %<\/td>\n1.75 %<\/td>\n50,880<\/td>\n0.08<\/td>\n1<\/td>\n-0.0395 %<\/td>\n2,845.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.08 %<\/td>\n5.23 %<\/td>\n99,820<\/td>\n4.54<\/td>\n5<\/td>\n-0.3424 %<\/td>\n3,386.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3424 %<\/td>\n2,642.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.42 %<\/td>\n-12.29 %<\/td>\n77,032<\/td>\n0.09<\/td>\n12<\/td>\n-0.0096 %<\/td>\n2,715.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.11 %<\/td>\n4.98 %<\/td>\n107,527<\/td>\n14.89<\/td>\n26<\/td>\n0.2734 %<\/td>\n2,902.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.90 %<\/td>\n4.19 %<\/td>\n150,061<\/td>\n7.12<\/td>\n89<\/td>\n0.3581 %<\/td>\n2,076.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.96 %<\/td>\n3.43 %<\/td>\n118,236<\/td>\n0.09<\/td>\n32<\/td>\n0.1347 %<\/td>\n2,810.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.91 %<\/td>\n4.19 %<\/td>\n30,713<\/td>\n5.12<\/td>\n11<\/td>\n0.4834 %<\/td>\n2,188.9<\/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\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
SLF.PR.G<\/td>\nFixedReset<\/td>\n-2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.37
\nBid-YTW : 9.71 %<\/td>\n<\/tr>\n
GRP.PR.A<\/td>\nSplitShare<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2023-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 18.69
\nEvaluated at bid price : 18.69
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.42
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.39
\nBid-YTW : 9.63 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 14.14
\nEvaluated at bid price : 14.14
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n
BAM.PR.S<\/td>\nFloatingReset<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 15.05
\nEvaluated at bid price : 15.05
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 24.64
\nEvaluated at bid price : 24.89
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 23.46
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 15.23
\nEvaluated at bid price : 15.23
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.70
\nBid-YTW : 9.27 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 21.11
\nEvaluated at bid price : 21.11
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 10.50
\nEvaluated at bid price : 10.50
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 20.99
\nEvaluated at bid price : 20.99
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 21.24
\nEvaluated at bid price : 21.24
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.44
\nBid-YTW : 3.13 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 20.08
\nEvaluated at bid price : 20.08
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.10
\nBid-YTW : 10.63 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset<\/td>\n2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.53
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 18.92
\nEvaluated at bid price : 18.92
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n3.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n3.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 16.56
\nEvaluated at bid price : 16.56
\nBid-YTW : 4.53 %<\/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
FTS.PR.M<\/td>\nFixedReset<\/td>\n108,085<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 19.96
\nEvaluated at bid price : 19.96
\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n
BIP.PR.C<\/td>\nFixedReset<\/td>\n96,980<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
RY.PR.Q<\/td>\nFixedReset<\/td>\n72,368<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.88
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset<\/td>\n65,055<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-07-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.10
\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset<\/td>\n57,088<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.00
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
NA.PR.A<\/td>\nFixedReset<\/td>\n55,190<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.40
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
There were 36 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
TD.PR.S<\/td>\nFixedReset<\/td>\nQuote: 23.71 – 24.99
\nSpot Rate : 1.2800
\nAverage : 0.7581<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.71
\nBid-YTW : 3.74 %<\/td>\n<\/tr>\n

FTS.PR.K<\/td>\nFixedReset<\/td>\nQuote: 18.30 – 19.10
\nSpot Rate : 0.8000
\nAverage : 0.4579<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n

RY.PR.L<\/td>\nFixedReset<\/td>\nQuote: 25.52 – 26.32
\nSpot Rate : 0.8000
\nAverage : 0.5076<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : 3.32 %<\/td>\n<\/tr>\n

BAM.PR.S<\/td>\nFloatingReset<\/td>\nQuote: 15.05 – 15.75
\nSpot Rate : 0.7000
\nAverage : 0.4850<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 15.05
\nEvaluated at bid price : 15.05
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n

BAM.PF.F<\/td>\nFixedReset<\/td>\nQuote: 20.99 – 21.54
\nSpot Rate : 0.5500
\nAverage : 0.3418<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 20.99
\nEvaluated at bid price : 20.99
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n

FTS.PR.H<\/td>\nFixedReset<\/td>\nQuote: 14.25 – 14.89
\nSpot Rate : 0.6400
\nAverage : 0.4385<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-08-05
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Jobs, jobs, jobs! Payrolls climbed by 255,000 last month, exceeding all forecasts in a Bloomberg survey of 89 economists, following a 292,000 gain in June that was a bit larger than previously estimated, a Labor …<\/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-33459","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33459","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=33459"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33459\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}