{"id":47032,"date":"2024-07-05T22:30:56","date_gmt":"2024-07-06T03:30:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=47032"},"modified":"2024-07-05T22:30:56","modified_gmt":"2024-07-06T03:30:56","slug":"july-5-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47032","title":{"rendered":"July 5, 2024"},"content":{"rendered":"

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

Employers delivered another solid month of hiring in June, the Labor Department reported on Friday, adding 206,000 jobs in the 42nd consecutive month of job growth.<\/p>\n

At the same time, the unemployment rate ticked up one-tenth of a point to 4.1 percent, up from 4 percent and surpassing 4 percent for the first time since November 2021.
…<\/b>
Wage gains have also been moderating. Average hourly earnings rose 0.3 percent in June from the previous month, and 3.9 percent from a year earlier, compared with a 4.1 percent year-over-year change in May. But in good news for workers, pay gains have been outpacing inflation for about a year.
…<\/b>
The market response to the report on Friday was muted, with stocks rising modestly. Yields on government bonds fell, however, reflecting traders\u2019 increasing confidence that the Federal Reserve will begin cutting interest rates.
…<\/b>
Roughly three-quarters of the job gains in the June report came from health care, social assistance and government. A few other industries produced scant increases, and some, including manufacturing and retail, shed jobs overall.<\/p><\/blockquote>\n

… and in the frozen North<\/a>:<\/p>\n

Canada\u2019s unemployment rate rose to a 29-month high of 6.4 per cent, data showed on Friday, highlighting that people might be losing jobs as the labour market struggles to absorb a rapidly swelling population.<\/p>\n

The jobs report, which also showed that youth unemployment reached almost a decade high barring the pandemic years, prompted money markets to increase bets of a rate cut by the Bank of Canada this month to around 56 per cent from 40 per cent a day earlier.
…<\/b>
Canada lost a net 1,400 jobs in June, Statistics Canada said, against analysts\u2019 predictions of 22,500 job gains, in further indications of weakness in economic conditions.
…<\/b>
Yields on the Canadian government\u2019s two-year bonds dropped by 9.1 basis points to 3.961 per cent after the jobs report.
…<\/b>
The average hourly wage growth of permanent employees accelerated to an annual rate of 5.6 per cent from 5.2 per cent in May. The pay growth rate \u2013 closely tracked by the Bank of Canada (BoC) because of its effect on inflation \u2013 was the fastest since 5.7 per cent in December.
…<\/b>
In June, jobs were shed in full-time work, while part-time positions were added in the month.<\/p>\n

Employment in the goods sector increased by a net 12,600 jobs, mostly in agriculture, while the services sector lost a net 14,100 jobs, led by transportation and warehousing and Information, culture and recreation.<\/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>\n0.7532 %<\/td>\n2,168.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.7532 %<\/td>\n4,159.1<\/td>\n<\/tr>\n
Floater<\/td>\n10.70 %<\/td>\n10.81 %<\/td>\n26,505<\/td>\n8.97<\/td>\n2<\/td>\n0.7532 %<\/td>\n2,396.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3572 %<\/td>\n3,477.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n6.68 %<\/td>\n31,206<\/td>\n1.26<\/td>\n6<\/td>\n-0.3572 %<\/td>\n4,152.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3572 %<\/td>\n3,239.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0996 %<\/td>\n2,695.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.39 %<\/td>\n6.55 %<\/td>\n51,307<\/td>\n13.11<\/td>\n28<\/td>\n0.0996 %<\/td>\n2,938.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.16 %<\/td>\n7.03 %<\/td>\n111,630<\/td>\n12.11<\/td>\n49<\/td>\n0.0668 %<\/td>\n2,619.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.17 %<\/td>\n6.40 %<\/td>\n58,709<\/td>\n13.34<\/td>\n21<\/td>\n0.2990 %<\/td>\n2,894.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.34 %<\/td>\n9.24 %<\/td>\n33,644<\/td>\n10.21<\/td>\n4<\/td>\n0.2074 %<\/td>\n2,763.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.79 %<\/td>\n6.28 %<\/td>\n244,134<\/td>\n3.00<\/td>\n8<\/td>\n0.1083 %<\/td>\n2,549.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0668 %<\/td>\n2,677.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.08 %<\/td>\n6.91 %<\/td>\n97,719<\/td>\n12.96<\/td>\n14<\/td>\n1.1691 %<\/td>\n2,798.3<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-8.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 14.08
\nEvaluated at bid price : 14.08
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-4.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-3.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 19.02
\nEvaluated at bid price : 19.02
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n-2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.77
\nEvaluated at bid price : 22.25
\nBid-YTW : 7.96 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 8.54 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.20
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 8.93 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 22.79
\nEvaluated at bid price : 24.02
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 19.42
\nEvaluated at bid price : 19.42
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.28
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.53
\nEvaluated at bid price : 21.53
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 11.42
\nEvaluated at bid price : 11.42
\nBid-YTW : 10.81 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
FFH.PR.J<\/td>\nFloatingReset<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 9.80 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 8.40 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n4.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.51
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n6.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n7.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.24
\nEvaluated at bid price : 21.24
\nBid-YTW : 6.91 %<\/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
TD.PF.B<\/td>\nFixedReset Prem<\/td>\n220,821<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n60,977<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 23.86
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n54,325<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 18.21
\nEvaluated at bid price : 18.21
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n27,790<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 11.32
\nEvaluated at bid price : 11.32
\nBid-YTW : 10.90 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n25,015<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.91
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n24,940<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 8.40 %<\/td>\n<\/tr>\n
There were 7 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
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.02 – 20.64
\nSpot Rate : 1.6200
\nAverage : 1.0989<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 19.02
\nEvaluated at bid price : 19.02
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 14.08 – 15.68
\nSpot Rate : 1.6000
\nAverage : 1.0881<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 14.08
\nEvaluated at bid price : 14.08
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 22.25 – 23.55
\nSpot Rate : 1.3000
\nAverage : 0.9415<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 21.77
\nEvaluated at bid price : 22.25
\nBid-YTW : 7.96 %<\/td>\n<\/tr>\n

BN.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 16.00 – 16.85
\nSpot Rate : 0.8500
\nAverage : 0.5688<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n

PVS.PR.K<\/td>\nSplitShare<\/td>\nQuote: 23.10 – 23.85
\nSpot Rate : 0.7500
\nAverage : 0.4801<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 23.75 – 25.00
\nSpot Rate : 1.2500
\nAverage : 1.0258<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-05
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.75
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Jobs, jobs, jobs! Employers delivered another solid month of hiring in June, the Labor Department reported on Friday, adding 206,000 jobs in the 42nd consecutive month of job growth. At the same time, the unemployment …<\/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-47032","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47032","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=47032"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47032\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}