{"id":41650,"date":"2020-11-30T18:51:20","date_gmt":"2020-11-30T23:51:20","guid":{"rendered":"http:\/\/prefblog.com\/?p=41650"},"modified":"2020-11-30T18:51:20","modified_gmt":"2020-11-30T23:51:20","slug":"november-30-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41650","title":{"rendered":"November 30, 2020"},"content":{"rendered":"

FAIR Canada, the superannuation scheme for OSC hacks<\/a>, has got yet another payoff from the regulator<\/a>:<\/p>\n

The primary advocacy group for Canadian investors is receiving $3.75-million in funding to help it continue to operate over the next five years.<\/p>\n

The Canadian Foundation for the Advancement of Investor Rights, known as FAIR Canada, will receive annual instalments of $750,000 over five years from Ontario\u2019s provincial securities regulator.<\/p>\n

The Ontario Securities Commission (OSC) will provide the funding as an allocation from its \u201cdesignated fund\u201d – money collected from sanction payments that can be used for investor protection, compensation for victims who have suffered financial losses, whistle-blower payments and for third parties such as FAIR.
…<\/b>
The funding comes several months after FAIR appointed a new executive director, Jean-Paul Bureaud, a former regulator who had worked for the OSC for 19 years before leaving in October, 2018. Mr. Bureaud replaced founder Ermanno Pascutto, who had returned to the position of executive director in early 2019 on an interim basis. Mr. Pascutto departed FAIR last month and is no longer on the board.<\/p><\/blockquote>\n

FAIR also boasts in an eMail:<\/p>\n

In addition to OSC funding, FAIR Canada has received funding this year from the Investment Industry Regulatory Organization of Canada (IIROC), a national self-regulatory organization (SRO), and is having discussions with other organizations about contributing to FAIR’s future sustainability.<\/p><\/blockquote>\n

There’s just no shame in any of these guys.<\/p>\n

How about that federal deficit<\/a>, eh?<\/p>\n

The federal government is planning a major stimulus program worth as much as $100-billion over three years to jolt the Canadian economy once the pandemic is under control, a pledge that is in addition to the hundreds of billions of dollars it has already spent to support workers and businesses through the COVID-19 crisis.<\/p>\n

Finance Minister Chrystia Freeland announced the new figures Monday in a wide-ranging fall economic statement that is essentially a mini-budget, complete with billions in new spending and targeted tax measures.<\/p>\n

The update pushes the projected size of this year\u2019s deficit to $381.6-billion, up from the $343.2-billion forecast in early July. The report notes that the deficit could be just shy of $400-billion if the pandemic worsens, leading to more restrictions.<\/p><\/blockquote>\n

There is still no indication as to how we’re going to pay for it.<\/p>\n\n\n\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>\n0.3986 %<\/td>\n1,833.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3986 %<\/td>\n3,363.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.64 %<\/td>\n4.69 %<\/td>\n37,791<\/td>\n15.98<\/td>\n3<\/td>\n0.3986 %<\/td>\n1,938.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0615 %<\/td>\n3,588.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.83 %<\/td>\n4.44 %<\/td>\n39,114<\/td>\n3.87<\/td>\n9<\/td>\n0.0615 %<\/td>\n4,285.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0615 %<\/td>\n3,344.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.37 %<\/td>\n2.29 %<\/td>\n70,821<\/td>\n0.23<\/td>\n13<\/td>\n0.0721 %<\/td>\n3,193.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.10 %<\/td>\n4.96 %<\/td>\n78,204<\/td>\n15.15<\/td>\n19<\/td>\n-0.0905 %<\/td>\n3,639.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.17 %<\/td>\n3.99 %<\/td>\n121,932<\/td>\n16.78<\/td>\n64<\/td>\n-0.0590 %<\/td>\n2,237.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.02 %<\/td>\n4.82 %<\/td>\n93,974<\/td>\n15.44<\/td>\n22<\/td>\n-0.0543 %<\/td>\n3,554.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n1.97 %<\/td>\n2.48 %<\/td>\n41,638<\/td>\n1.15<\/td>\n3<\/td>\n-0.0499 %<\/td>\n1,822.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.19 %<\/td>\n2.84 %<\/td>\n229,544<\/td>\n0.69<\/td>\n15<\/td>\n-0.0865 %<\/td>\n2,669.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.94 %<\/td>\n2.09 %<\/td>\n177,963<\/td>\n1.15<\/td>\n2<\/td>\n0.0000 %<\/td>\n2,866.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.29 %<\/td>\n4.07 %<\/td>\n75,445<\/td>\n16.87<\/td>\n22<\/td>\n-0.1289 %<\/td>\n2,307.6<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-6.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 15.93
\nEvaluated at bid price : 15.93
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 9.76
\nEvaluated at bid price : 9.76
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-2.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 14.60
\nEvaluated at bid price : 14.60
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 14.15
\nEvaluated at bid price : 14.15
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 13.35
\nEvaluated at bid price : 13.35
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 14.26
\nEvaluated at bid price : 14.26
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 11.40
\nEvaluated at bid price : 11.40
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 17.82
\nEvaluated at bid price : 17.82
\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 12.50
\nEvaluated at bid price : 12.50
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 24.61
\nEvaluated at bid price : 24.91
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 9.35
\nEvaluated at bid price : 9.35
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 19.88
\nEvaluated at bid price : 19.88
\nBid-YTW : 3.91 %<\/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.G<\/td>\nFixedReset Prem<\/td>\n621,402<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 2.64 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n101,840<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 19.36
\nEvaluated at bid price : 19.36
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n85,439<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 19.38
\nEvaluated at bid price : 19.38
\nBid-YTW : 3.75 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n70,175<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 21.16
\nEvaluated at bid price : 21.16
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n65,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 8.90
\nEvaluated at bid price : 8.90
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n47,950<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 13.35
\nEvaluated at bid price : 13.35
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
There were 32 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.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 15.93 – 17.11
\nSpot Rate : 1.1800
\nAverage : 0.7220<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 15.93
\nEvaluated at bid price : 15.93
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n

NA.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 18.15 – 19.25
\nSpot Rate : 1.1000
\nAverage : 0.7011<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n

MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.00 – 20.89
\nSpot Rate : 0.8900
\nAverage : 0.5337<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 23.50 – 24.35
\nSpot Rate : 0.8500
\nAverage : 0.5406<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.81 – 18.00
\nSpot Rate : 1.1900
\nAverage : 0.9371<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.50 – 24.20
\nSpot Rate : 0.7000
\nAverage : 0.4622<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-11-30
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

FAIR Canada, the superannuation scheme for OSC hacks, has got yet another payoff from the regulator: The primary advocacy group for Canadian investors is receiving $3.75-million in funding to help it continue to operate over …<\/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-41650","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41650","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=41650"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41650\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}