{"id":46181,"date":"2023-12-19T21:21:44","date_gmt":"2023-12-20T02:21:44","guid":{"rendered":"https:\/\/prefblog.com\/?p=46181"},"modified":"2023-12-19T21:21:44","modified_gmt":"2023-12-20T02:21:44","slug":"december-19-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46181","title":{"rendered":"December 19, 2023"},"content":{"rendered":"

It seems inflation isn’t quite dead yet<\/a>:<\/p>\n

Canada\u2019s inflation rate unexpectedly held steady in November as the services sector put upward pressure on consumer prices, a slight hiccup as the Bank of Canada looks to tame inflation.<\/p>\n

The Consumer Price Index rose 3.1 per cent in November from a year earlier, matching October\u2019s increase, Statistics Canada said Tuesday in a report. Analysts on Bay Street were expecting the inflation rate to ease to 2.9 per cent.<\/p>\n

On a monthly basis, the CPI rose 0.1 per cent in November, whereas analysts were expecting a slim decline.<\/p>\n

Beneath the surface, however, there were signs of progress. Various core measures of inflation \u2013 which remove volatile price movements from the CPI \u2013 continued to slow.
\n…<\/b>
\nThe services side of the economy is a major source of inflationary pressure. Over all, prices for services rose 4.6 per cent in November from a year earlier, matching the increase in October.<\/p>\n

Rents climbed by 7.4 per cent over the past year, down from 8.1 per cent in October, but still well above typical levels. Mortgage interest costs are still rising by around 30 per cent, year over year.<\/p>\n

Grocery prices rose 4.7 per cent on an annual basis \u2013 the first reading below 5 per cent since November, 2021. This moderation was foreshadowed by pricing at earlier stages of the supply chain.
\n…<\/b>
\nOne of the more promising signs in Tuesday\u2019s report is that some measures of core inflation are simmering down. The Bank of Canada\u2019s preferred measures \u2013 CPI-median and CPI-trim \u2013 rose at three-month annualized rates of 2.3 per cent and 2.6 per cent, respectively. They were in the 3.5-per-cent range in recent months.<\/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>\n0.4484 %<\/td>\n2,164.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4484 %<\/td>\n4,151.4<\/td>\n<\/tr>\n
Floater<\/td>\n11.25 %<\/td>\n11.30 %<\/td>\n55,064<\/td>\n8.64<\/td>\n2<\/td>\n0.4484 %<\/td>\n2,392.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0425 %<\/td>\n3,368.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.99 %<\/td>\n7.69 %<\/td>\n57,518<\/td>\n1.76<\/td>\n8<\/td>\n0.0425 %<\/td>\n4,022.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0425 %<\/td>\n3,138.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0371 %<\/td>\n2,527.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.80 %<\/td>\n6.99 %<\/td>\n61,380<\/td>\n12.48<\/td>\n33<\/td>\n0.0371 %<\/td>\n2,755.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.90 %<\/td>\n7.88 %<\/td>\n126,244<\/td>\n11.75<\/td>\n60<\/td>\n-0.2444 %<\/td>\n2,205.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.68 %<\/td>\n6.85 %<\/td>\n78,625<\/td>\n12.79<\/td>\n19<\/td>\n0.3612 %<\/td>\n2,708.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.82 %<\/td>\n10.91 %<\/td>\n34,973<\/td>\n8.91<\/td>\n3<\/td>\n-0.8220 %<\/td>\n2,442.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.94 %<\/td>\n6.76 %<\/td>\n166,870<\/td>\n12.54<\/td>\n1<\/td>\n0.7968 %<\/td>\n2,521.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2444 %<\/td>\n2,254.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.80 %<\/td>\n7.48 %<\/td>\n104,992<\/td>\n12.35<\/td>\n14<\/td>\n-0.6959 %<\/td>\n2,451.7<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-14.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 15.11
\nEvaluated at bid price : 15.11
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-5.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.01
\nEvaluated at bid price : 16.01
\nBid-YTW : 10.27 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-3.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 18.46
\nEvaluated at bid price : 18.46
\nBid-YTW : 9.17 %<\/td>\n<\/tr>\n
FFH.PR.D<\/td>\nFloatingReset<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 10.74 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 14.72
\nEvaluated at bid price : 14.72
\nBid-YTW : 9.67 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 7.88 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 8.13 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 21.77
\nEvaluated at bid price : 22.20
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.78
\nEvaluated at bid price : 16.78
\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 9.25 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 19.74
\nEvaluated at bid price : 19.74
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.75
\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 17.82
\nEvaluated at bid price : 17.82
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 18.46
\nEvaluated at bid price : 18.46
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 17.77
\nEvaluated at bid price : 17.77
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 20.63
\nEvaluated at bid price : 20.63
\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 18.72
\nEvaluated at bid price : 18.72
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n3.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.66
\nEvaluated at bid price : 16.66
\nBid-YTW : 7.53 %<\/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
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n90,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 15.11
\nEvaluated at bid price : 15.11
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n70,914<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n59,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n55,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n50,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.66
\nEvaluated at bid price : 16.66
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n42,978<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
There were 23 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
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.11 – 18.05
\nSpot Rate : 2.9400
\nAverage : 1.7667<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 15.11
\nEvaluated at bid price : 15.11
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 13.05 – 14.50
\nSpot Rate : 1.4500
\nAverage : 0.8664<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 13.05
\nEvaluated at bid price : 13.05
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n

BIP.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 16.01 – 17.10
\nSpot Rate : 1.0900
\nAverage : 0.6622<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.01
\nEvaluated at bid price : 16.01
\nBid-YTW : 10.27 %<\/td>\n<\/tr>\n

FFH.PR.D<\/td>\nFloatingReset<\/td>\nQuote: 19.40 – 20.50
\nSpot Rate : 1.1000
\nAverage : 0.7373<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 10.74 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.35 – 19.35
\nSpot Rate : 1.0000
\nAverage : 0.6392<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 18.35
\nEvaluated at bid price : 18.35
\nBid-YTW : 7.65 %<\/td>\n<\/tr>\n

BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 16.15 – 17.40
\nSpot Rate : 1.2500
\nAverage : 0.9543<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-19
\nMaturity Price : 16.15
\nEvaluated at bid price : 16.15
\nBid-YTW : 9.48 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

It seems inflation isn’t quite dead yet: Canada\u2019s inflation rate unexpectedly held steady in November as the services sector put upward pressure on consumer prices, a slight hiccup as the Bank of Canada looks 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-46181","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46181","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=46181"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46181\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}