{"id":44031,"date":"2022-08-15T18:31:31","date_gmt":"2022-08-15T23:31:31","guid":{"rendered":"https:\/\/prefblog.com\/?p=44031"},"modified":"2022-08-15T18:31:31","modified_gmt":"2022-08-15T23:31:31","slug":"august-15-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44031","title":{"rendered":"August 15, 2022"},"content":{"rendered":"

Canadian real estate is getting hurt in a thin market<\/a>:<\/p>\n

The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July, but the latest drop was the smallest of the five.<\/p>\n

On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month was 37,975, down 29 per cent compared with July last year.<\/p>\n

The average sales price was $629,971, down five per cent from $662,924 last July and on a seasonally adjusted basis amounted to $650,760, a three per cent drop from June.<\/p><\/blockquote>\n

Meanwhile China is cutting policy rates<\/a>:<\/p>\n

China\u2019s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing\u2019s zero-COVID policy and a property crisis.<\/p>\n

The grim set of figures indicate the world\u2019s second largest economy is struggling to shake off the June quarter\u2019s hit to growth from strict COVID-19 restrictions, prompting some economists to downgrade their projections.<\/p>\n

Industrial output grew 3.8% in July from a year earlier, according to the National Bureau of Statistics (NBS), below the 3.9% expansion in June and a 4.6% increase expected by analysts in a Reuters poll.<\/p>\n

Retail sales, which only just returned to growth in June, rose 2.7% from a year ago, missing forecasts for 5.0% growth and the 3.1% growth seen in June.<\/p><\/blockquote>\n

… and the CAD’s hurting<\/a>:<\/p>\n

The Canadian dollar CADUSD -0.94%decrease
\nfell to a one-week low against its broadly stronger U.S. counterpart on Monday, as disappointing Chinese economic data stoked fears of a global slowdown and ahead of a key domestic inflation report this week.<\/p>\n

Global shares fell and the safe-haven U.S. dollar rallied against a basket of major currencies after data showed China\u2019s economy unexpectedly slowed in July.<\/p><\/blockquote>\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-0.1156 %<\/td>\n2,492.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1156 %<\/td>\n4,779.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.34 %<\/td>\n6.44 %<\/td>\n55,111<\/td>\n13.21<\/td>\n2<\/td>\n-0.1156 %<\/td>\n2,754.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0231 %<\/td>\n3,483.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n5.79 %<\/td>\n41,377<\/td>\n3.06<\/td>\n8<\/td>\n0.0231 %<\/td>\n4,159.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0231 %<\/td>\n3,245.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0619 %<\/td>\n2,880.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.91 %<\/td>\n6.03 %<\/td>\n73,889<\/td>\n13.84<\/td>\n35<\/td>\n-0.0619 %<\/td>\n3,141.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.70 %<\/td>\n5.94 %<\/td>\n109,623<\/td>\n13.87<\/td>\n59<\/td>\n-0.3815 %<\/td>\n2,515.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.84 %<\/td>\n6.02 %<\/td>\n85,372<\/td>\n13.80<\/td>\n19<\/td>\n0.0545 %<\/td>\n3,079.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.99 %<\/td>\n7.22 %<\/td>\n37,562<\/td>\n12.20<\/td>\n2<\/td>\n-0.1246 %<\/td>\n2,602.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.08 %<\/td>\n4.37 %<\/td>\n118,530<\/td>\n1.86<\/td>\n6<\/td>\n0.1178 %<\/td>\n2,609.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3815 %<\/td>\n2,571.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.62 %<\/td>\n6.05 %<\/td>\n54,519<\/td>\n13.85<\/td>\n14<\/td>\n-0.0897 %<\/td>\n2,640.0<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-8.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 17.88
\nEvaluated at bid price : 17.88
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-5.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-4.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-3.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-3.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 16.71
\nEvaluated at bid price : 16.71
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-2.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 12.83
\nEvaluated at bid price : 12.83
\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.07
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.49
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.76
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 14.01
\nEvaluated at bid price : 14.01
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.80
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.20
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.92
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 14.66
\nEvaluated at bid price : 14.66
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.55 %<\/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
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n196,159<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 20.36
\nEvaluated at bid price : 20.36
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n55,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n41,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.60
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n39,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.92
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n30,064<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.11
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n17,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.77
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
There were 1 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
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 17.88 – 20.05
\nSpot Rate : 2.1700
\nAverage : 1.3653<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 17.88
\nEvaluated at bid price : 17.88
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 22.49
\nSpot Rate : 1.4900
\nAverage : 0.8958<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 21.10 – 22.41
\nSpot Rate : 1.3100
\nAverage : 0.7912<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 22.30 – 23.30
\nSpot Rate : 1.0000
\nAverage : 0.7040<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.00 – 20.00
\nSpot Rate : 1.0000
\nAverage : 0.7588<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset Disc<\/td>\nQuote: 21.90 – 22.64
\nSpot Rate : 0.7400
\nAverage : 0.5244<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-15
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.90
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Canadian real estate is getting hurt in a thin market: The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July, but the latest drop was the smallest …<\/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-44031","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44031","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=44031"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44031\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}