{"id":48689,"date":"2017-08-29T11:04:00","date_gmt":"2017-08-29T15:04:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48689"},"modified":"2025-07-24T11:05:52","modified_gmt":"2025-07-24T15:05:52","slug":"august-29-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48689","title":{"rendered":"August 29, 2017"},"content":{"rendered":"<p>Conversion to T+2 settlement is <a href=\"http:\/\/www.investmentexecutive.com\/-\/transition-to-shorter-t-2-settlement-now-underway\">now underway<\/a>:<\/p>\n<blockquote>\n<p>The implementation of T+2 settlement formally takes place next week, on Tues. Sept. 5, but the transition effectively begins on Mon. Aug. 28.<\/p>\n<p>The Canadian Capital Markets Association (CCMA) has published a support plan stressing that the move to shorter settlement cycles &#8220;is more than a one-day event.&#8221; The transition starts with the last few days of T+3 trading, it notes, and ends Sept. 8, &#8220;assuming everything goes as planned.&#8221;<\/p>\n<p>The shift to T+2 involves all segments of the investment industry, including brokerage firms, investors, exchanges and other components of trading infrastructure.<\/p>\n<\/blockquote>\n<p>It&#8217;s a good move, reducing counterparty exposure during the pre-settlement period, but doesn&#8217;t go far enough. Why isn&#8217;t T+1 standard?<\/p>\n<p>The newest crypto-currency is <a href=\"http:\/\/www.bbc.com\/news\/technology-41082388\">WhopperCoins<\/a>:<\/p>\n<blockquote>\n<p>Fast-food chain Burger King has launched its own crypto-currency, called WhopperCoin, in Russia.<\/p>\n<p>Customers will be able to claim one coin for every rouble (1.3p) they spend on the Whopper sandwich.<\/p>\n<p>Russians will be able to buy a Whopper with the virtual cash, once they have amassed 1,700 whoppercoins.<\/p>\n<p>The company said it would release Apple and Android apps next month so people could save, share and trade their wallet full of whoppercoins.<\/p>\n<\/blockquote>\n<p>It&#8217;s a great idea &#8211; I don&#8217;t know what, if anything, Aimia&#8217;s doing to exploit this new technology.<\/p>\n<p>The OSC Superannuation Company, which has the official name of Canadian Foundation for Advancement of Investor Rights, &#8220;FAIR Canada&#8221; for short, has <a href=\"http:\/\/faircanada.ca\/wp-content\/uploads\/2017\/08\/170822-Press-Release-re-Frank-Allen.pdf\">appointed a new Executive Director<\/a>:<\/p>\n<blockquote>\n<p>Fair Canada Chair, Ermanno Pascutto, announced that Frank Allen, a seasoned securities lawyer and executive leader, has been appointed its Executive Director. Frank begins his role effective immediately.<br \/><b>&#8230;<\/b><br \/>Frank also acted as the General Counsel at the Ontario Securities Commission and played a leading role in the development and drafting of the OSC\u2019s rule protecting minority security holders in related party transactions.<\/p>\n<\/blockquote>\n<p>Mr. Allen&#8217;s tenure at the OSC was from January 1988 to January 1990, thus overlapping with FAIR&#8217;s founder and Chair Ermanno Pascutto&#8217;s tenure as OSC Executive Director from 1984-89. <\/p>\n<p>Long term readers will remember that <a href=\"https:\/\/prefblog.com\/?p=15806\">FAIR and the OSC have been in bed together for a long time<\/a> &#8211; I regard FAIR as nothing more than a stalking horse for the OSC. However, there is a chance &#8211; just a chance, but it&#8217;s there! &#8211; that we will soon have seen the last of FAIR, as indicated by their <a href=\"http:\/\/faircanada.ca\/wp-content\/uploads\/2011\/04\/Audited-Financial-Statements-YE-June-30-2016.pdf\">Annual Report to June 30, 2016<\/a>:<\/p>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2017\/08\/FAIRFunding.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2017\/08\/FAIRFunding-300x97.jpg\" alt=\"fairfunding\" width=\"400\" height=\"129\" class=\"alignnone size-medium wp-image-35364\" ><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>We&#8217;ll see what happens!<\/p>\n<table border=\"1\">\n<tr>\n<td colspan=\"8\"><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-1.2071 %<\/td>\n<td>2,333.0<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-1.2071 %<\/td>\n<td>4,280.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.71 %<\/td>\n<td>3.76 %<\/td>\n<td>124,463<\/td>\n<td>17.87<\/td>\n<td>3<\/td>\n<td>-1.2071 %<\/td>\n<td>2,467.1<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0709 %<\/td>\n<td>3,079.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.73 %<\/td>\n<td>4.17 %<\/td>\n<td>51,743<\/td>\n<td>1.32<\/td>\n<td>5<\/td>\n<td>-0.0709 %<\/td>\n<td>3,677.8<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0709 %<\/td>\n<td>2,869.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.40 %<\/td>\n<td>4.81 %<\/td>\n<td>53,980<\/td>\n<td>5.87<\/td>\n<td>17<\/td>\n<td>0.0255 %<\/td>\n<td>2,782.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.31 %<\/td>\n<td>5.34 %<\/td>\n<td>62,043<\/td>\n<td>14.87<\/td>\n<td>20<\/td>\n<td>0.0234 %<\/td>\n<td>2,926.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.38 %<\/td>\n<td>4.43 %<\/td>\n<td>148,656<\/td>\n<td>6.32<\/td>\n<td>98<\/td>\n<td>-0.5103 %<\/td>\n<td>2,383.3<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.07 %<\/td>\n<td>5.51 %<\/td>\n<td>103,167<\/td>\n<td>6.03<\/td>\n<td>31<\/td>\n<td>0.0653 %<\/td>\n<td>2,872.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.63 %<\/td>\n<td>3.08 %<\/td>\n<td>40,062<\/td>\n<td>4.18<\/td>\n<td>9<\/td>\n<td>-0.2752 %<\/td>\n<td>2,615.1<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 13.87<br \/>\nEvaluated at bid price : 13.87<br \/>\nBid-YTW : 3.76 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.65<br \/>\nEvaluated at bid price : 23.36<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.46<br \/>\nEvaluated at bid price : 21.81<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.H<\/td>\n<td>FloatingReset<\/td>\n<td>-1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 14.90<br \/>\nEvaluated at bid price : 14.90<br \/>\nBid-YTW : 3.31 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 16.60<br \/>\nEvaluated at bid price : 16.60<br \/>\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>-1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.63<br \/>\nEvaluated at bid price : 23.26<br \/>\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>-1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.41<br \/>\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>-1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.92<br \/>\nEvaluated at bid price : 22.49<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.83<br \/>\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 16.24<br \/>\nEvaluated at bid price : 16.24<br \/>\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>-1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.65<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 16.80<br \/>\nBid-YTW : 8.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>-1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.97<br \/>\nEvaluated at bid price : 22.24<br \/>\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 13.87<br \/>\nEvaluated at bid price : 13.87<br \/>\nBid-YTW : 3.76 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 15.10<br \/>\nEvaluated at bid price : 15.10<br \/>\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.79<br \/>\nEvaluated at bid price : 23.61<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>EML.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-17<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.50<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.68<br \/>\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 17.35<br \/>\nEvaluated at bid price : 17.35<br \/>\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.31<br \/>\nEvaluated at bid price : 21.31<br \/>\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.69<br \/>\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.64<br \/>\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.39<br \/>\nEvaluated at bid price : 22.96<br \/>\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.09<br \/>\nEvaluated at bid price : 22.37<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.42<br \/>\nEvaluated at bid price : 21.42<br \/>\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.64<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 24.09<br \/>\nEvaluated at bid price : 24.35<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>129,575<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.99<br \/>\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>100,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2017-09-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.07<br \/>\nBid-YTW : 2.08 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Deemed-Retractible<\/td>\n<td>80,191<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.38<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Deemed-Retractible<\/td>\n<td>53,392<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.79<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>33,788<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.62<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>32,048<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 13.87<br \/>\nEvaluated at bid price : 13.87<br \/>\nBid-YTW : 3.76 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 13 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"3\"><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 22.24 &#8211; 22.72<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.3061<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.97<br \/>\nEvaluated at bid price : 22.24<br \/>\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n<tr>\n<td>EML.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 26.50 &#8211; 26.90<br \/>\nSpot Rate  :  0.4000<br \/>\nAverage  :  0.2517<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-17<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.50<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.79 &#8211; 24.20<br \/>\nSpot Rate  :  0.4100<br \/>\nAverage  :  0.2811<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.84<br \/>\nEvaluated at bid price : 23.79<br \/>\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 21.83 &#8211; 22.17<br \/>\nSpot Rate  :  0.3400<br \/>\nAverage  :  0.2118<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.83<br \/>\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.36 &#8211; 23.81<br \/>\nSpot Rate  :  0.4500<br \/>\nAverage  :  0.3231<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 22.65<br \/>\nEvaluated at bid price : 23.36<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 19.86 &#8211; 20.25<br \/>\nSpot Rate  :  0.3900<br \/>\nAverage  :  0.2674<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-08-29<br \/>\nMaturity Price  : 19.86<br \/>\nEvaluated at bid price : 19.86<br \/>\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Conversion to T+2 settlement is now underway: The implementation of T+2 settlement formally takes place next week, on Tues. Sept. 5, but the transition effectively begins on Mon. Aug. 28. The Canadian Capital Markets Association &hellip;<\/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-48689","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48689","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=48689"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48689\/revisions"}],"predecessor-version":[{"id":48690,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48689\/revisions\/48690"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}