{"id":46424,"date":"2024-02-20T22:26:25","date_gmt":"2024-02-21T03:26:25","guid":{"rendered":"https:\/\/prefblog.com\/?p=46424"},"modified":"2024-02-20T22:26:25","modified_gmt":"2024-02-21T03:26:25","slug":"february-20-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46424","title":{"rendered":"February 20, 2024"},"content":{"rendered":"

January’s inflation number was promising<\/a>, but one swallow doesn’t make a summer!<\/p>\n

Canada\u2019s inflation rate fell far enough in January to place it within the Bank of Canada\u2019s target range, surprising analysts and reigniting speculation about a potential interest-rate cut this spring.<\/p>\n

The Consumer Price Index rose 2.9 per cent in January on an annual basis, down from 3.4 per cent in December, Statistics Canada said Tuesday in a report. Financial analysts were expecting a slight easing to 3.3 per cent.<\/p>\n

With that result, the headline inflation rate has fallen back within the Bank of Canada\u2019s target range of 1 per cent to 3 per cent, for only the second time since consumer prices began to flare up in 2021. (The central bank aims for 2 per cent, the midpoint of that range.) Inflation is also tracking lower than the bank\u2019s estimate for this quarter.
…<\/b>
Meanwhile, inflation continues to be a pressing concern in the housing market. Shelter prices rose 6.2 per cent from a year earlier, picking up from December\u2019s 6-per-cent pace. Rents accelerated to a 7.9-per-cent increase, from 7.7 per cent.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(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>\n0.3376 %<\/td>\n2,297.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3376 %<\/td>\n4,407.1<\/td>\n<\/tr>\n
Floater<\/td>\n10.60 %<\/td>\n10.88 %<\/td>\n30,281<\/td>\n8.79<\/td>\n2<\/td>\n0.3376 %<\/td>\n2,539.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1976 %<\/td>\n3,436.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.90 %<\/td>\n7.19 %<\/td>\n49,436<\/td>\n1.88<\/td>\n7<\/td>\n0.1976 %<\/td>\n4,103.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1976 %<\/td>\n3,201.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1774 %<\/td>\n2,648.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.49 %<\/td>\n6.68 %<\/td>\n46,720<\/td>\n12.93<\/td>\n33<\/td>\n0.1774 %<\/td>\n2,888.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.60 %<\/td>\n7.68 %<\/td>\n112,990<\/td>\n12.12<\/td>\n59<\/td>\n-0.1865 %<\/td>\n2,358.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.28 %<\/td>\n6.50 %<\/td>\n62,420<\/td>\n13.14<\/td>\n21<\/td>\n0.2663 %<\/td>\n2,888.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.05 %<\/td>\n10.20 %<\/td>\n33,829<\/td>\n9.30<\/td>\n3<\/td>\n-0.2641 %<\/td>\n2,590.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.93 %<\/td>\n6.69 %<\/td>\n156,911<\/td>\n3.26<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,519.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1865 %<\/td>\n2,410.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.43 %<\/td>\n7.08 %<\/td>\n85,245<\/td>\n12.45<\/td>\n14<\/td>\n-0.2611 %<\/td>\n2,617.9<\/td>\n<\/tr>\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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-2.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 16.55
\nEvaluated at bid price : 16.55
\nBid-YTW : 9.39 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n
FTS.PR.I<\/td>\nFloatingReset<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 10.45 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 14.08
\nEvaluated at bid price : 14.08
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 8.04 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.85
\nEvaluated at bid price : 18.85
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.27
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.11
\nBid-YTW : 8.93 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
FFH.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 8.39 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 16.10
\nEvaluated at bid price : 16.10
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.80
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.81
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 10.16 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n100,623<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n36,373<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.81
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n30,625<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n27,867<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.65
\nEvaluated at bid price : 21.97
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n24,914<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n23,719<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.06
\nEvaluated at bid price : 21.06
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
There were 11 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\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.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.70 – 24.06
\nSpot Rate : 4.3600
\nAverage : 3.3330<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n

IFC.PR.K<\/td>\nInsurance Straight<\/td>\nQuote: 20.75 – 25.00
\nSpot Rate : 4.2500
\nAverage : 3.3352<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n

TD.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 20.60 – 22.00
\nSpot Rate : 1.4000
\nAverage : 0.8753<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 20.15 – 20.94
\nSpot Rate : 0.7900
\nAverage : 0.4703<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 21.45 – 23.25
\nSpot Rate : 1.8000
\nAverage : 1.4972<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n

FFH.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 16.50 – 17.41
\nSpot Rate : 0.9100
\nAverage : 0.6252<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-20
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

January’s inflation number was promising, but one swallow doesn’t make a summer! Canada\u2019s inflation rate fell far enough in January to place it within the Bank of Canada\u2019s target range, surprising analysts and reigniting speculation …<\/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-46424","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46424","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=46424"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46424\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}