{"id":43865,"date":"2022-07-20T19:02:47","date_gmt":"2022-07-21T00:02:47","guid":{"rendered":"https:\/\/prefblog.com\/?p=43865"},"modified":"2022-07-20T19:02:47","modified_gmt":"2022-07-21T00:02:47","slug":"july-20-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43865","title":{"rendered":"July 20, 2022"},"content":{"rendered":"

Canadian inflation has hit a new high for this cycle<\/a>:<\/p>\n

Canadian inflation jumped to the highest rate in nearly four decades in June, although there are tentative signs that consumer price growth is close to topping out, offering relief to families.<\/p>\n

The consumer price index (CPI) rose 8.1 per cent in June from a year earlier, up from 7.7 per cent in May, Statistics Canada said on Wednesday. It was the highest inflation rate since January, 1983. Financial analysts were expecting worse, with inflation climbing to 8.4 per cent.<\/p>\n

The acceleration was mainly because of gasoline, Statscan said. Consumers paid 6.2 per cent more at the pump in June than May, and 55 per cent more on an annual basis.<\/p>\n

However, crude oil has tumbled in recent weeks, which has started to reflect in retail pricing. The national average price for regular unleaded gas was $1.87 a litre on Tuesday, down from a peak of $2.15 in early June, according to data from Kalibrate Technologies.<\/p>\n

Shelter and grocery costs grew at slightly slower annual rates in June, a potential sign of progress for cash-strapped household budgets. And excluding food and energy, core inflation rose 0.4 per cent in June, a slower pace than in recent months.<\/p><\/blockquote>\n

Britain is also suffering from high inflation<\/a>:<\/p>\n

Consumer prices in Britain rose 9.4 percent in June from a year earlier, intensifying the squeeze on household budgets as inflation continued to run at its fastest pace in 40 years.<\/p>\n

Rising prices for food and motor fuels were the biggest reason for the jump in inflation in June, up from a 9.1 percent rate the month before, the Office for National Statistics said on Wednesday. Motor fuel prices have risen more than 40 percent over the past year, with gasoline and diesel prices setting record highs. In June, food and drink prices jumped nearly 10 percent from a year earlier, the biggest increase since 2009, with prices for milk, cheese and eggs rising notably over the past month. Household energy bills also remain a major source of soaring inflation.<\/p>\n

With inflation at its highest level in four decades, households are feeling the pain acutely because pay increases are lagging far behind prices. Pay, after it was adjusted for inflation and excluding bonuses, fell 2.8 percent in March to May, compared with a year earlier, the statistics agency said on Tuesday. That\u2019s the steepest decline in so-called real wages on record.<\/p><\/blockquote>\n

I was struck by the juxtaposition of two stories on the Globe’s website, the first, Toronto condo sellers are giving up on resistant buyers<\/a>:<\/p>\n

Struggling sellers in Toronto\u2019s condo market are bringing a wave of units for rent to the downtown core.<\/p>\n

\u201cWe\u2019ve started to shift a lot of sellers into the rental market,\u201d says Christopher Bibby, broker with Re\/Max Hallmark Bibby Group Realty.<\/p>\n

Some frustrated owners are trimming their asking price and still not getting showings, says Mr. Bibby, who estimates that condo prices in the city have slipped between six and eight per cent since the peak in early spring
\n…<\/b>
\nMr. Bibby says he can understand why buyers are nervous when they are grappling with soaring inflation and a string of interest rate hikes by the Bank of Canada. Many are betting that home prices have farther to fall.
\n…<\/b>
\nCondo sales in the Greater Toronto Area plunged 40 per cent in June compared with June, 2021, according to the Toronto Regional Real Estate Board, while the average price jumped 9.3 per cent in the same period.<\/p><\/blockquote>\n

… and the second was Toronto condo rents hit record high as renters face \u2018extreme\u2019 affordability challenge<\/a>:<\/p>\n

It\u2019s a landlord\u2019s market in Toronto once again. Condo rents hit a record high in the second quarter of this year, as soaring borrowing costs pushed residents into the rental market and more people flocked back to the city.<\/p>\n

Across the Toronto region, the average monthly rent rose 17 per cent to $2,533 over the past four quarters, according to industry research firm Urbanation Inc., with rent for a typical studio condo climbing 25 per cent over that period.
\n…<\/b>
\nAccording to Urbanation calculations, condo owners shouldered an average monthly cost of $3,125 during the second quarter, when mortgages had an interest rate of about 3 per cent. The average rent for a similar condo unit was $2,533. That means the average monthly rent was nearly $600 less than the average monthly ownership cost. And that was before last week\u2019s massive one-percentage-point interest rate increase.<\/p>\n

Now, with mortgage rates near 5 per cent, Urbanation said condo owners are likely paying an average of $1,100 more a month than renters. \u201cThis will provide further fuel for the rental market as more first-time buyers become shut out of the ownership market,\u201d the report said.<\/p><\/blockquote>\n

So the negative carry is getting negativer. Rents will come down once enough owners have capitulated and sold their investments at a loss to new owners who will have lower mortgage payments.<\/p>\n

PerpetualDiscounts now yield 6.07%, equivalent to 7.89% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 5.26%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed slightly (and perhaps spuriously) to 265bp from the 270bp reported July 13<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(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-0.3096 %<\/td>\n2,474.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3096 %<\/td>\n4,745.2<\/td>\n<\/tr>\n
Floater<\/td>\n6.39 %<\/td>\n6.45 %<\/td>\n41,037<\/td>\n13.25<\/td>\n3<\/td>\n-0.3096 %<\/td>\n2,734.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0052 %<\/td>\n3,471.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.90 %<\/td>\n5.60 %<\/td>\n45,228<\/td>\n3.14<\/td>\n8<\/td>\n0.0052 %<\/td>\n4,146.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0052 %<\/td>\n3,235.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0931 %<\/td>\n2,844.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.99 %<\/td>\n6.07 %<\/td>\n69,799<\/td>\n13.81<\/td>\n34<\/td>\n-0.0931 %<\/td>\n3,101.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.89 %<\/td>\n6.52 %<\/td>\n112,536<\/td>\n13.46<\/td>\n56<\/td>\n-0.8957 %<\/td>\n2,411.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.99 %<\/td>\n6.07 %<\/td>\n82,198<\/td>\n13.79<\/td>\n18<\/td>\n-0.0081 %<\/td>\n3,003.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.87 %<\/td>\n7.05 %<\/td>\n43,959<\/td>\n12.47<\/td>\n2<\/td>\n-0.8341 %<\/td>\n2,508.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.06 %<\/td>\n5.18 %<\/td>\n128,023<\/td>\n3.09<\/td>\n10<\/td>\n-0.4504 %<\/td>\n2,574.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8957 %<\/td>\n2,465.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.89 %<\/td>\n6.88 %<\/td>\n54,881<\/td>\n12.98<\/td>\n14<\/td>\n-0.7768 %<\/td>\n2,494.9<\/td>\n<\/tr>\n<\/tbody>\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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-7.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 8.01 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-5.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.62
\nEvaluated at bid price : 22.01
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-4.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-4.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-3.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 13.70
\nEvaluated at bid price : 13.70
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.38
\nEvaluated at bid price : 20.38
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.57
\nEvaluated at bid price : 18.57
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Prem<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 23.67
\nEvaluated at bid price : 24.02
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 15.02
\nEvaluated at bid price : 15.02
\nBid-YTW : 8.02 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 23.07
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.52
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.02
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.33
\nEvaluated at bid price : 18.33
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 12.04
\nEvaluated at bid price : 12.04
\nBid-YTW : 8.07 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n539,447<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.97
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Prem<\/td>\n105,281<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 23.67
\nEvaluated at bid price : 24.02
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n58,708<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 16.99
\nEvaluated at bid price : 16.99
\nBid-YTW : 7.88 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Prem<\/td>\n56,041<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n41,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Prem<\/td>\n39,429<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
There were 14 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.33 – 21.50
\nSpot Rate : 3.1700
\nAverage : 2.1111<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.33
\nEvaluated at bid price : 18.33
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n

BAM.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 18.00 – 19.47
\nSpot Rate : 1.4700
\nAverage : 0.9442<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 8.01 %<\/td>\n<\/tr>\n

TD.PF.J<\/td>\nFixedReset Disc<\/td>\nQuote: 22.01 – 23.30
\nSpot Rate : 1.2900
\nAverage : 0.7863<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 21.62
\nEvaluated at bid price : 22.01
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n

RY.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 20.27 – 21.24
\nSpot Rate : 0.9700
\nAverage : 0.5595<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 19.85 – 20.85
\nSpot Rate : 1.0000
\nAverage : 0.7037<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 15.02 – 16.00
\nSpot Rate : 0.9800
\nAverage : 0.7157<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-07-20
\nMaturity Price : 15.02
\nEvaluated at bid price : 15.02
\nBid-YTW : 8.02 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Canadian inflation has hit a new high for this cycle: Canadian inflation jumped to the highest rate in nearly four decades in June, although there are tentative signs that consumer price growth is close to …<\/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-43865","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43865","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=43865"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43865\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}