{"id":44629,"date":"2023-01-06T20:32:23","date_gmt":"2023-01-07T01:32:23","guid":{"rendered":"https:\/\/prefblog.com\/?p=44629"},"modified":"2023-01-06T20:32:23","modified_gmt":"2023-01-07T01:32:23","slug":"january-6-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44629","title":{"rendered":"January 6, 2023"},"content":{"rendered":"

\"\"<\/a><\/p>\n

TXPR closed at 566.37<\/a>, up 1.08% on the day. Volume today was 900,180, well below the median of the past 21 trading days.<\/p>\n

CPD closed at 11.29<\/a>, up 0.80% on the day. Volume was 99,930, well below the median of the past 21 trading days.<\/p>\n

ZPR closed at 9.43<\/a>, up 0.86% on the day. Volume was 227,090, near the median of the past 21 trading days.<\/p>\n

Five-year Canada yields were down a bit to 3.26%<\/a> today.<\/p>\n

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

Stock rose on Friday, after fresh data showed that the number of jobs added to the economy was a bit more than expected, keeping unemployment low, but wages did not accelerate as quickly as economists had forecast.
\n…<\/b>
\nEmployers hired 223,000 people in December, more than economists expected but fewer than the previous month. Importantly for the Fed, average hourly earnings picked up by 4.6 percent, less than forecast and a slowdown from a revised-down 4.8 percent in November.
\n…<\/b>
\nFed officials have also suggested that job growth should be slowing down. By the estimates they look at, the nation only needs to add about 100,000 jobs per month to accommodate population growth over time, Mr. Powell said late last year.<\/p><\/blockquote>\n

Meanwhile, up north<\/a>:<\/p>\n

The economy added 104,000 jobs in December, far more than the 5,000 that financial analysts were expecting, Statistics Canada said in a report Friday. As a result, the unemployment rate dropped to 5 per cent from 5.1 per cent. After a summer lull \u2013 employment fell for three consecutive months, from June to August \u2013 job creation has come roaring back.<\/p>\n

The private sector accounted for the entirety of the new jobs last month, most of which had full-time hours.<\/p>\n

Over the year, employment rose by 394,000 \u2013 entirely driven by full-time positions, which jumped by 401,000.
\n…<\/b>
\nThe average hourly wage rose 5.1 per cent in December from a year earlier. That was the seventh consecutive month of wage gains above 5 per cent, but also marked a deceleration from November\u2019s 5.6-per-cent growth. Furthermore, wage growth still lagged behind inflation, which was 6.8 per cent in November. This means the average worker is seeing their purchasing power decline.<\/p><\/blockquote>\n

and so<\/a>:<\/p>\n

Money markets are now pricing in even greater odds for a further 25 basis point rate hike by the Bank of Canada later this month, following stronger-than-expected jobs data this morning.<\/p>\n

Positioning in credit markets now suggests a 75 per cent probability of a further rate hike at the bank\u2019s next announcement on Jan. 25, according to Refinitiv Eikon data. Prior to the employment data at 830 am ET, it was at 62 per cent.<\/p>\n

Just a month ago, credit markets were pricing in less than 50 per cent odds for a further rate hike – with bond traders positioned for a strong likelihood that the bank was finished with the current tightening cycle.<\/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-0.1168 %<\/td>\n2,465.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1168 %<\/td>\n4,728.0<\/td>\n<\/tr>\n
Floater<\/td>\n8.80 %<\/td>\n8.86 %<\/td>\n43,229<\/td>\n10.54<\/td>\n2<\/td>\n-0.1168 %<\/td>\n2,724.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2796 %<\/td>\n3,309.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.08 %<\/td>\n7.33 %<\/td>\n73,409<\/td>\n2.86<\/td>\n7<\/td>\n0.2796 %<\/td>\n3,952.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2796 %<\/td>\n3,083.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.3966 %<\/td>\n2,727.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.25 %<\/td>\n6.37 %<\/td>\n99,969<\/td>\n13.33<\/td>\n35<\/td>\n1.3966 %<\/td>\n2,974.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.41 %<\/td>\n7.52 %<\/td>\n95,281<\/td>\n12.12<\/td>\n62<\/td>\n1.2627 %<\/td>\n2,239.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.14 %<\/td>\n6.31 %<\/td>\n111,574<\/td>\n13.48<\/td>\n20<\/td>\n1.5478 %<\/td>\n2,926.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.85 %<\/td>\n10.40 %<\/td>\n43,358<\/td>\n9.25<\/td>\n2<\/td>\n1.1597 %<\/td>\n2,478.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.64 %<\/td>\n6.28 %<\/td>\n176,729<\/td>\n4.13<\/td>\n2<\/td>\n0.1797 %<\/td>\n2,365.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.2627 %<\/td>\n2,288.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.50 %<\/td>\n7.52 %<\/td>\n64,006<\/td>\n12.20<\/td>\n14<\/td>\n0.9664 %<\/td>\n2,344.8<\/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\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
IAF.PR.B<\/td>\nInsurance Straight<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 8.97 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.93
\nEvaluated at bid price : 15.93
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.08
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 12.90
\nEvaluated at bid price : 12.90
\nBid-YTW : 8.48 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 14.65
\nEvaluated at bid price : 14.65
\nBid-YTW : 8.71 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.56
\nEvaluated at bid price : 15.56
\nBid-YTW : 8.83 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 22.69
\nEvaluated at bid price : 22.93
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.46
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.85
\nEvaluated at bid price : 18.85
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.40
\nBid-YTW : 8.00 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.93
\nEvaluated at bid price : 22.20
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 8.96 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 22.20
\nEvaluated at bid price : 22.84
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.72
\nEvaluated at bid price : 18.72
\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.61
\nEvaluated at bid price : 20.61
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.42
\nEvaluated at bid price : 17.42
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.53
\nEvaluated at bid price : 21.53
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.23
\nEvaluated at bid price : 15.23
\nBid-YTW : 9.58 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.41
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.83
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.70
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.16
\nEvaluated at bid price : 20.16
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.27
\nEvaluated at bid price : 19.27
\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.66
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.09
\nEvaluated at bid price : 18.09
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.18
\nEvaluated at bid price : 19.18
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.33
\nEvaluated at bid price : 17.33
\nBid-YTW : 7.84 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.14
\nEvaluated at bid price : 18.14
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.09
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.39
\nEvaluated at bid price : 20.39
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.46
\nEvaluated at bid price : 18.46
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 8.22 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 7.54 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 11.24
\nEvaluated at bid price : 11.24
\nBid-YTW : 9.19 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.60
\nEvaluated at bid price : 15.60
\nBid-YTW : 8.96 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.44
\nEvaluated at bid price : 17.44
\nBid-YTW : 8.52 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.70
\nBid-YTW : 8.21 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 11.89
\nEvaluated at bid price : 11.89
\nBid-YTW : 8.94 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.74
\nEvaluated at bid price : 21.99
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 7.54 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n2.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.16
\nEvaluated at bid price : 19.16
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.87 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.43
\nEvaluated at bid price : 18.43
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 8.76 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.70
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.28
\nEvaluated at bid price : 19.28
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n3.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 9.10 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n3.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 16.51
\nEvaluated at bid price : 16.51
\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n3.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.98
\nEvaluated at bid price : 17.98
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n3.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.86
\nEvaluated at bid price : 18.86
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n3.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.12
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.07
\nEvaluated at bid price : 20.07
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n4.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n4.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n6.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 8.41 %<\/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.C<\/td>\nFixedReset Disc<\/td>\n40,427<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n32,870<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n26,127<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.28
\nEvaluated at bid price : 19.28
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n21,495<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.09
\nEvaluated at bid price : 18.09
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n17,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n17,810<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.66
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
There were 6 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
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 20.66 – 23.00
\nSpot Rate : 2.3400
\nAverage : 1.3512<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.66
\nEvaluated at bid price : 20.66
\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.07 – 22.49
\nSpot Rate : 2.4200
\nAverage : 1.7206<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 20.07
\nEvaluated at bid price : 20.07
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n

BN.PF.I<\/td>\nFixedReset Disc<\/td>\nQuote: 22.56 – 23.75
\nSpot Rate : 1.1900
\nAverage : 0.7796<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.56
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n

PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.75 – 22.50
\nSpot Rate : 0.7500
\nAverage : 0.4987<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n

BMO.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 17.32 – 18.45
\nSpot Rate : 1.1300
\nAverage : 0.8999<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 17.32
\nEvaluated at bid price : 17.32
\nBid-YTW : 7.88 %<\/td>\n<\/tr>\n

BN.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 19.23 – 19.95
\nSpot Rate : 0.7200
\nAverage : 0.5023<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-01-06
\nMaturity Price : 19.23
\nEvaluated at bid price : 19.23
\nBid-YTW : 8.19 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 566.37, up 1.08% on the day. Volume today was 900,180, well below the median of the past 21 trading days. CPD closed at 11.29, up 0.80% on the day. Volume was 99,930, …<\/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-44629","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44629","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=44629"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44629\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}