{"id":47197,"date":"2024-08-20T21:44:02","date_gmt":"2024-08-21T02:44:02","guid":{"rendered":"https:\/\/prefblog.com\/?p=47197"},"modified":"2024-08-20T21:44:02","modified_gmt":"2024-08-21T02:44:02","slug":"august-20-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47197","title":{"rendered":"August 20, 2024"},"content":{"rendered":"

So, Canadian inflation fell<\/a>:<\/p>\n

Canada\u2019s headline inflation rate is continuing to slow, bringing consumer price growth closer to the Bank of Canada\u2019s 2-per-cent target.<\/p>\n

The Consumer Price Index rose at an annual rate of 2.5 per cent in July, down from 2.7 per cent in June, Statistics Canada said Tuesday. It was the lowest inflation rate since March, 2021, and matched analyst expectations.<\/p>\n

Statscan said the deceleration was broad-based, with price declines seen for travel tours, cars and electricity. Adjusted for seasonality, consumer prices rose 0.3 per cent in July.<\/p>\n

While shelter is a financial headwind for many households, those costs are moderating slightly. They rose at an annual 5.7 per cent in July, down from 6.2 per cent in June. Mortgage interest costs were up 21 per cent from a year ago, although this is slower than peak increases of roughly 30 per cent.<\/p><\/blockquote>\n

… and the markets are expecting steady cuts in the policy rate<\/a>:<\/p>\n

<\/a>
2024-8-19, ‘Late in day’<\/div>\n
<\/a>
Post Inflation Announcement<\/div>\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>\n0.2575 %<\/td>\n2,227.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2575 %<\/td>\n4,272.5<\/td>\n<\/tr>\n
Floater<\/td>\n10.04 %<\/td>\n10.30 %<\/td>\n33,845<\/td>\n9.23<\/td>\n2<\/td>\n0.2575 %<\/td>\n2,462.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2021 %<\/td>\n3,570.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n5.62 %<\/td>\n29,995<\/td>\n1.14<\/td>\n4<\/td>\n-0.2021 %<\/td>\n4,264.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2021 %<\/td>\n3,327.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0409 %<\/td>\n2,859.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.02 %<\/td>\n6.15 %<\/td>\n54,448<\/td>\n13.66<\/td>\n31<\/td>\n0.0409 %<\/td>\n3,117.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.42 %<\/td>\n6.85 %<\/td>\n137,515<\/td>\n12.63<\/td>\n62<\/td>\n-0.0978 %<\/td>\n2,653.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.85 %<\/td>\n5.97 %<\/td>\n67,491<\/td>\n13.86<\/td>\n21<\/td>\n0.0959 %<\/td>\n3,096.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n8.75 %<\/td>\n8.75 %<\/td>\n24,805<\/td>\n10.56<\/td>\n3<\/td>\n0.0350 %<\/td>\n2,758.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.69 %<\/td>\n5.68 %<\/td>\n236,503<\/td>\n12.06<\/td>\n5<\/td>\n0.4497 %<\/td>\n2,575.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0978 %<\/td>\n2,712.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.29 %<\/td>\n6.22 %<\/td>\n98,318<\/td>\n13.57<\/td>\n14<\/td>\n-1.0805 %<\/td>\n2,774.9<\/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
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-24.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 14.67
\nEvaluated at bid price : 14.67
\nBid-YTW : 8.32 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-5.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-2.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 22.70
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 22.91
\nEvaluated at bid price : 24.08
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 23.17
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 23.89
\nEvaluated at bid price : 24.30
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.43
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.87
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.63
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 20.02
\nEvaluated at bid price : 20.02
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 14.98
\nEvaluated at bid price : 14.98
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 15.02
\nEvaluated at bid price : 15.02
\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n2.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 23.69
\nEvaluated at bid price : 23.96
\nBid-YTW : 6.13 %<\/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
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n131,478<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n86,892<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.87
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n76,949<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n57,003<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 17.57
\nEvaluated at bid price : 17.57
\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n55,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.43
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n54,672<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 18.49
\nEvaluated at bid price : 18.49
\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n
There were 16 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
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 14.67 – 20.35
\nSpot Rate : 5.6800
\nAverage : 4.2633<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 14.67
\nEvaluated at bid price : 14.67
\nBid-YTW : 8.32 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.00 – 22.50
\nSpot Rate : 1.5000
\nAverage : 0.8907<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n

BIP.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 22.60
\nSpot Rate : 1.6000
\nAverage : 1.1773<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n

GWO.PR.S<\/td>\nInsurance Straight<\/td>\nQuote: 21.80 – 22.67
\nSpot Rate : 0.8700
\nAverage : 0.5030<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.80
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset Disc<\/td>\nQuote: 23.25 – 24.00
\nSpot Rate : 0.7500
\nAverage : 0.4928<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 22.70
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n

BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 17.30 – 18.35
\nSpot Rate : 1.0500
\nAverage : 0.8211<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-08-20
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So, Canadian inflation fell: Canada\u2019s headline inflation rate is continuing to slow, bringing consumer price growth closer to the Bank of Canada\u2019s 2-per-cent target. The Consumer Price Index rose at an annual rate of 2.5 …<\/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-47197","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47197","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=47197"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47197\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}