{"id":44338,"date":"2022-11-03T21:33:25","date_gmt":"2022-11-04T02:33:25","guid":{"rendered":"https:\/\/prefblog.com\/?p=44338"},"modified":"2022-11-03T21:33:25","modified_gmt":"2022-11-04T02:33:25","slug":"november-3-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44338","title":{"rendered":"November 3, 2022"},"content":{"rendered":"
\"\"<\/a><\/div>\n

TXPR closed at 555.07<\/a>, down 0.63% on the day. Volume today was 1.28-million, near the median of the past 21 trading days.<\/p>\n

CPD closed at 11.03<\/a>, down 0.72% on the day. Volume was 70,360, below the median of the past 21 trading days.<\/p>\n

ZPR closed at 9.22<\/a>, down 0.86% on the day. Volume was 224,300, above the median of the past 21 trading days.<\/p>\n

Five-year Canada yields were up to 3.62%<\/a> today.<\/p>\n

Even more spending from the Feds today<\/a>:<\/p>\n

Finance Minister Chrystia Freeland delivered a fall economic update Thursday that warns of a potential recession next year, and includes plans for a tax on share buybacks, significant incentives for green energy investment, and spending on students and low-income workers.<\/p>\n

All Canada student and apprentice loans would be interest free, at a cost of $2.7-billion over five years, and another $4-billion over six years would be automatically issued in advance payments of the Canada Workers Benefit to people who had qualified the previous year.
\n…<\/b>
\nThe new measures specifically related to boosting business investment are worth $10.9-billion over six years. They include $250-million over five years for a package of new job training programs. There is also a new Investment Tax Credit for Clean Technologies that will offer a refundable tax credit equal to 30 per cent of the capital cost of investments in energy projects such as solar, wind and small nuclear reactors. The Finance Department is planning consultations to include labour conditions in order to access the full credit.
\n…<\/b>
\nThe proposed tax on share buybacks had not previously been signalled and is sure to generate significant policy debate, as it has south of the border.<\/p>\n

The share buyback and energy incentives are aimed at responding to a major package of tax and climate policy reforms approved this year through the U.S. Inflation Reduction Act.<\/p>\n

The U.S. act includes a 1-per-cent excise tax on stock buybacks, which refers to situations when companies use excess cash to purchase their own shares. U.S. Democrats said the tax will raise billions in new revenue while also encouraging companies to put excess cash toward investment and wages. The economic impact of the tax and buybacks in general is a matter of considerable policy debate.<\/p>\n

Ms. Freeland\u2019s update proposes a 2-per-cent tax that would apply on the net value of all types of share buybacks by public corporations in Canada. The government says details of the new tax will be announced in the 2023 budget and would come into force on Jan. 1, 2024.
\n…<\/b>
\nRobert Asselin, senior vice-president of policy for the Business Council of Canada, said he was skeptical about Ms. Freeland\u2019s vow of fiscal prudence.<\/p>\n

\u201cThey are spending about 45 per cent of the revenue windfall they are getting for a very inflationary economy. For me, that is not fiscal prudence,\u201d Mr. Asselin said in an interview, adding all of their windfall should have been directed at deficit reduction.<\/p><\/blockquote>\n

The student loan interest relief<\/a> is modest:<\/p>\n

Finance Minister Chrystia Freeland has announced plans to erase the interest on federal student and apprentice loans as part of the government\u2019s fall fiscal update.<\/p>\n

The move, made amid soaring living costs and the threat of a looming recession, would bring relief to many budget-strapped young Canadians who\u2019ve been borrowing to finance their education. The measure, if implemented, would kick in on April 1, the day after a temporary freeze on the accrual of interest on federal student loans is set to expire.<\/p>\n

It would make the loans interest free at that point and apply to those currently being repaid as well.
\n…<\/b>
\nHalf of all postsecondary students in Canada rely on student loans to help them pay for school, the federal government said in its fall update, released on Thursday. Eliminating the interest on the federal portion of government loans would save the average borrower $410 a year, it added.<\/p>\n

The proposed change would cost taxpayers $2.7-billion over five years and $556.3-million a year thereafter, the government estimated.<\/p><\/blockquote>\n

The share buyback tax is more controversial<\/a>:<\/p>\n

Ottawa plans to introduce a 2-per-cent tax on share buybacks, in an effort to have corporations increase spending on workers \u2013 and potentially reap some of the financial windfall being enjoyed by the oil and gas sector.<\/p>\n

The federal Liberals said Thursday that the change would also encourage companies to reinvest their profits in workers and in Canada more broadly. The new tax reflects a similar move in the United States, which imposed a 1-per-cent tax on stock buybacks in August as part of the Biden administration\u2019s Inflation Reduction Act.<\/p>\n

While details of the corporate tax will be announced in Budget 2023, it will apply to the net value of all types of share buybacks by public companies in Canada from Jan. 1, 2024, according to the government\u2019s fall economic update. Ottawa estimates the measure will dump an extra $2.1-billion into federal coffers over a five-year period.
\n…<\/b>
\nThe use of stock buybacks in corporate Canada has exploded over the past few years.<\/p>\n

Five years ago, the members of the S&P\/TSX 60 Index \u2013 some of Canada\u2019s biggest companies \u2013 spent nearly twice as much cash paying dividends to shareholders as they did repurchasing their shares. Now, stock buybacks outpace dividend payments.<\/p>\n

The TSX 60 companies spent $67.1-billion in the past 12 months repurchasing their common shares, according to S&P Global Market Intelligence. That compares to $26.1-billion five years ago.<\/p>\n

In contrast, dividend payments to shareholders have not grown nearly as much. The TSX 60 companies paid $59.4-billion in dividends in the past 12 months, according to S&P Global Market Intelligence. That compares to $45.8-billion five years ago.<\/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-0.2429 %<\/td>\n2,368.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2429 %<\/td>\n4,541.8<\/td>\n<\/tr>\n
Floater<\/td>\n8.45 %<\/td>\n8.60 %<\/td>\n48,962<\/td>\n10.72<\/td>\n2<\/td>\n-0.2429 %<\/td>\n2,617.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1961 %<\/td>\n3,287.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.17 %<\/td>\n7.55 %<\/td>\n37,528<\/td>\n2.86<\/td>\n8<\/td>\n0.1961 %<\/td>\n3,926.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1961 %<\/td>\n3,063.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1202 %<\/td>\n2,601.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.55 %<\/td>\n6.67 %<\/td>\n76,100<\/td>\n12.99<\/td>\n34<\/td>\n-1.1202 %<\/td>\n2,836.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.45 %<\/td>\n7.68 %<\/td>\n92,692<\/td>\n12.12<\/td>\n63<\/td>\n-1.1552 %<\/td>\n2,213.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.51 %<\/td>\n6.65 %<\/td>\n81,538<\/td>\n12.96<\/td>\n18<\/td>\n-1.5520 %<\/td>\n2,765.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.06 %<\/td>\n9.47 %<\/td>\n40,890<\/td>\n9.93<\/td>\n2<\/td>\n0.6742 %<\/td>\n2,545.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n1<\/td>\n-1.1552 %<\/td>\n2,342.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1552 %<\/td>\n2,262.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.49 %<\/td>\n7.73 %<\/td>\n50,659<\/td>\n11.94<\/td>\n14<\/td>\n-0.6867 %<\/td>\n2,287.2<\/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\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\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-8.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.24
\nEvaluated at bid price : 17.24
\nBid-YTW : 8.16 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-6.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-5.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-5.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-4.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n-4.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-4.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-3.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.87
\nEvaluated at bid price : 17.87
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-3.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-3.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.57
\nEvaluated at bid price : 19.57
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-3.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.85
\nEvaluated at bid price : 17.85
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Disc<\/td>\n-3.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.02
\nBid-YTW : 7.20 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-2.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 20.87
\nEvaluated at bid price : 20.87
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.34
\nEvaluated at bid price : 18.34
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.67
\nEvaluated at bid price : 19.67
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.31
\nEvaluated at bid price : 19.31
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.17
\nEvaluated at bid price : 17.17
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.57
\nEvaluated at bid price : 17.57
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.64
\nEvaluated at bid price : 19.64
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 20.92
\nEvaluated at bid price : 20.92
\nBid-YTW : 7.47 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.38
\nEvaluated at bid price : 18.38
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 7.70 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.98
\nEvaluated at bid price : 18.98
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 12.15
\nEvaluated at bid price : 12.15
\nBid-YTW : 8.93 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 15.41
\nEvaluated at bid price : 15.41
\nBid-YTW : 9.07 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 12.51
\nEvaluated at bid price : 12.51
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 12.22
\nEvaluated at bid price : 12.22
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.09
\nEvaluated at bid price : 17.09
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.59
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 14.58
\nEvaluated at bid price : 14.58
\nBid-YTW : 8.47 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 8.64 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.67
\nEvaluated at bid price : 18.67
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.82
\nEvaluated at bid price : 17.82
\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.91
\nEvaluated at bid price : 17.91
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 7.78 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 12.26
\nEvaluated at bid price : 12.26
\nBid-YTW : 8.75 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 16.01
\nEvaluated at bid price : 16.01
\nBid-YTW : 9.47 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Disc<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 23.12
\nEvaluated at bid price : 23.54
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 6.44 %<\/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
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n64,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 20.87
\nEvaluated at bid price : 20.87
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\n<\/td>\n24,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : -2.70 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n23,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n22,952<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n22,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n21,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
There were 19 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
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.70 – 22.10
\nSpot Rate : 2.4000
\nAverage : 1.5537<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n

BMO.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 17.70 – 19.35
\nSpot Rate : 1.6500
\nAverage : 0.9695<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset Disc<\/td>\nQuote: 17.24 – 19.25
\nSpot Rate : 2.0100
\nAverage : 1.4136<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 17.24
\nEvaluated at bid price : 17.24
\nBid-YTW : 8.16 %<\/td>\n<\/tr>\n

MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.45 – 21.00
\nSpot Rate : 1.5500
\nAverage : 0.9952<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 18.40 – 19.85
\nSpot Rate : 1.4500
\nAverage : 0.9986<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-03
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n

BAM.PF.H<\/td>\nFixedReset Disc<\/td>\nQuote: 23.80 – 24.80
\nSpot Rate : 1.0000
\nAverage : 0.5547<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 555.07, down 0.63% on the day. Volume today was 1.28-million, near the median of the past 21 trading days. CPD closed at 11.03, down 0.72% on the day. Volume was 70,360, below …<\/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-44338","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44338","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=44338"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44338\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}