{"id":48103,"date":"2025-07-09T20:28:35","date_gmt":"2025-07-10T00:28:35","guid":{"rendered":"https:\/\/prefblog.com\/?p=48103"},"modified":"2025-07-09T20:28:35","modified_gmt":"2025-07-10T00:28:35","slug":"july-9-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48103","title":{"rendered":"July 9, 2025"},"content":{"rendered":"

Another new high in the TXPR price index today, with today’s high of 667.47 eclipsing yesterday’s mark of 667.21.<\/p>\n

There is startling news from the OSC<\/a>:<\/p>\n

\u201cWhile it\u2019s clear many bank representatives are prioritizing quality advice, it is also clear that sales pressures and incentivization may be driving concerning behaviours,\u201d OSC chief executive Grant Vingoe said in a statement.<\/p><\/blockquote>\n

Quick, give ‘im the Nobel Prize! The report is titled Sales Culture Concerns at Five of Canada\u2019s Bank-Affiliated Dealers<\/a><\/p>\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>\n1.0342 %<\/td>\n2,341.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0342 %<\/td>\n4,557.7<\/td>\n<\/tr>\n
Floater<\/td>\n6.82 %<\/td>\n6.89 %<\/td>\n54,011<\/td>\n12.70<\/td>\n2<\/td>\n1.0342 %<\/td>\n2,626.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1632 %<\/td>\n3,663.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.78 %<\/td>\n4.39 %<\/td>\n59,853<\/td>\n2.47<\/td>\n7<\/td>\n-0.1632 %<\/td>\n4,375.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1632 %<\/td>\n3,413.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1076 %<\/td>\n2,997.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.74 %<\/td>\n5.88 %<\/td>\n44,297<\/td>\n14.04<\/td>\n32<\/td>\n0.1076 %<\/td>\n3,268.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.66 %<\/td>\n6.23 %<\/td>\n114,033<\/td>\n13.17<\/td>\n40<\/td>\n0.2567 %<\/td>\n2,968.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.70 %<\/td>\n5.78 %<\/td>\n47,864<\/td>\n14.25<\/td>\n19<\/td>\n0.2895 %<\/td>\n3,179.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.54 %<\/td>\n5.37 %<\/td>\n42,072<\/td>\n14.86<\/td>\n2<\/td>\n0.0717 %<\/td>\n3,670.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.74 %<\/td>\n5.12 %<\/td>\n125,272<\/td>\n3.00<\/td>\n16<\/td>\n-0.0703 %<\/td>\n2,624.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2567 %<\/td>\n3,034.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.21 %<\/td>\n5.60 %<\/td>\n63,782<\/td>\n14.25<\/td>\n14<\/td>\n0.8454 %<\/td>\n3,070.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.42
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.90
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.57
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.42
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n3.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n3.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n16.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.04
\nEvaluated at bid price : 24.55
\nBid-YTW : 5.45 %<\/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
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n348,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.09
\nBid-YTW : 3.14 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Prem<\/td>\n150,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n77,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.24
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n39,516<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 22.48
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n28,962<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n28,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.15
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
There were 14 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\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 19.45 – 24.00
\nSpot Rate : 4.5500
\nAverage : 3.6189<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n

BN.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.30 – 22.00
\nSpot Rate : 1.7000
\nAverage : 0.9584<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n

BN.PR.Z<\/td>\nFixedReset Disc<\/td>\nQuote: 23.25 – 25.00
\nSpot Rate : 1.7500
\nAverage : 1.0222<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n

MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.95 – 26.50
\nSpot Rate : 1.5500
\nAverage : 0.9253<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.42
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.85 – 25.85
\nSpot Rate : 1.0000
\nAverage : 0.5981<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.30
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.20 – 25.00
\nSpot Rate : 0.8000
\nAverage : 0.4893<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-09
\nMaturity Price : 23.75
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another new high in the TXPR price index today, with today’s high of 667.47 eclipsing yesterday’s mark of 667.21. There is startling news from the OSC: \u201cWhile it\u2019s clear many bank representatives are prioritizing quality …<\/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-48103","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48103","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=48103"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48103\/revisions"}],"predecessor-version":[{"id":48104,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48103\/revisions\/48104"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}