{"id":49146,"date":"2018-02-20T19:30:00","date_gmt":"2018-02-21T00:30:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49146"},"modified":"2025-08-07T19:31:50","modified_gmt":"2025-08-07T23:31:50","slug":"february-20-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49146","title":{"rendered":"February 20, 2018"},"content":{"rendered":"

Have no fear, Vancouver! The BC government is going to make BC great again<\/a>!:<\/p>\n

Starting Wednesday, foreigners will pay the province a 20 percent tax on top of the listing value, up from 15 percent now, and a levy on property speculators will be introduced later this year, according to budget documents released Tuesday. The government will also crack down on the condo pre-sale market and beneficial ownership to ensure that property flippers, offshore trusts and hidden investors are paying taxes on gains.
…<\/b>
[British Columbia Finance Minister Carole] James said a raft of new measures are intended to \u201cmoderate\u201d the surge in housing prices, which she said had emerged as one of the top concerns of both residents and businesses struggling to recruit workers due to the high cost of living.<\/p>\n

The new speculator tax takes effect this fall and will apply to foreign and domestic investors who don\u2019t pay income tax in the province. It will start at 0.5 percent of the property\u2019s assessed value in 2018 and rise to 2 percent thereafter. Primary residences and homes leased as long-term rentals will be exempt.<\/p>\n<\/blockquote>\n

Swedish authorities are worried about the demise of cash<\/a>:<\/p>\n

\u201cNo cash accepted\u201d signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile.<\/p>\n

But the pace at which cash is vanishing has authorities worried. A broad review of central bank legislation that\u2019s under way is now taking a special look at the situation, with an interim report due as early as the summer.<\/p>\n

\u201cIf this development with cash disappearing happens too fast, it can be difficult to maintain the infrastructure\u201d for handling cash, said Mats Dillen, the head of the parliamentary review. He declined to give more details on the types of proposals that could be included in the report.
…<\/b>
An annual survey by Insight Intelligence released last month found that only 25 percent of Swedes paid in cash at least once a week in 2017, down from 63 percent just four years ago. A full 36 percent never use cash, or just pay with it once or twice a year.<\/p>\n

In response, the central bank is considering whether there\u2019s a need for an official form of digital currency, an e-krona. A final proposal isn\u2019t expected until late next year, but the idea is that the e-krona would work as a complement to cash, not replace it completely.<\/p>\n<\/blockquote>\n

I was pleased to see the following in a piece on Australia’s $20 minimum wage<\/a>:<\/p>\n

There is an often overlooked efficiency to high minimum wages. They can reduce the burden on the state and the taxpayer. Why, after all, should a person working full time depend on a patchwork of confusing and often arbitrary government entitlements and social programs funded through general tax revenue when they could more directly be paid a living wage by their employer? Government bureaucracies can be slow moving and uneven in their decision making. A low-wage system shifts the burden of providing the necessities of life from the employer to the taxpayer. It subsidizes marginal businesses with cheap labour. It disadvantages those employers who either voluntarily pay higher wages or are forced to do so through collective bargaining. Some credit the Australian “wages welfare state” as having contributed to a comparatively low level of sovereign debt (OECD data for 2015 puts Australia at 67-per-cent debt\/GDP ratio and Canada at 114 per cent.)<\/p>\n<\/blockquote>\n

It was a run-of-the-mill, slightly negative day for the Canadian preferred share market today … until about 3pm:<\/p>\n

\"txpr_180220\"<\/a>
Click for Big<\/i><\/div>\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>\n0.8846 %<\/td>\n3,002.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8846 %<\/td>\n5,509.1<\/td>\n<\/tr>\n
Floater<\/td>\n3.31 %<\/td>\n3.52 %<\/td>\n89,118<\/td>\n18.43<\/td>\n4<\/td>\n0.8846 %<\/td>\n3,174.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2111 %<\/td>\n3,142.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.67 %<\/td>\n4.08 %<\/td>\n65,286<\/td>\n3.31<\/td>\n5<\/td>\n0.2111 %<\/td>\n3,752.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2111 %<\/td>\n2,927.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.44 %<\/td>\n4.95 %<\/td>\n65,343<\/td>\n14.28<\/td>\n20<\/td>\n0.0598 %<\/td>\n2,833.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.42 %<\/td>\n5.40 %<\/td>\n85,108<\/td>\n14.78<\/td>\n14<\/td>\n-0.0475 %<\/td>\n2,937.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.26 %<\/td>\n4.64 %<\/td>\n158,094<\/td>\n5.89<\/td>\n102<\/td>\n-0.3615 %<\/td>\n2,511.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.14 %<\/td>\n5.71 %<\/td>\n90,326<\/td>\n5.73<\/td>\n28<\/td>\n-0.0928 %<\/td>\n2,908.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.00 %<\/td>\n2.95 %<\/td>\n38,033<\/td>\n3.72<\/td>\n10<\/td>\n0.1261 %<\/td>\n2,767.7<\/td>\n<\/tr>\n<\/table>\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
NA.PR.W<\/td>\nFixedReset<\/td>\n-1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.61
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n-1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 23.01
\nEvaluated at bid price : 23.33
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 17.85
\nEvaluated at bid price : 17.85
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.97
\nEvaluated at bid price : 23.36
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.96
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.39
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.78
\nEvaluated at bid price : 23.20
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.58
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.96
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 17.32
\nEvaluated at bid price : 17.32
\nBid-YTW : 3.52 %<\/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
MFC.PR.Q<\/td>\nFixedReset<\/td>\n798,808<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.90
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nDeemed-Retractible<\/td>\n204,471<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n101,646<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.39
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n89,559<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.05
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n65,074<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 2.87 %<\/td>\n<\/tr>\n
MFC.PR.O<\/td>\nFixedReset<\/td>\n55,835<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.21
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
There were 22 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
NA.PR.W<\/td>\nFixedReset<\/td>\nQuote: 22.61 – 23.05
\nSpot Rate : 0.4400
\nAverage : 0.2893<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.61
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n

BAM.PF.E<\/td>\nFixedReset<\/td>\nQuote: 23.33 – 23.72
\nSpot Rate : 0.3900
\nAverage : 0.2613<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 23.01
\nEvaluated at bid price : 23.33
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n

BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.68 – 21.95
\nSpot Rate : 0.2700
\nAverage : 0.2029<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 21.68
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n

TD.PF.A<\/td>\nFixedReset<\/td>\nQuote: 23.36 – 23.55
\nSpot Rate : 0.1900
\nAverage : 0.1256<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.97
\nEvaluated at bid price : 23.36
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n

BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 17.25 – 17.47
\nSpot Rate : 0.2200
\nAverage : 0.1590<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 3.53 %<\/td>\n<\/tr>\n

CM.PR.O<\/td>\nFixedReset<\/td>\nQuote: 23.35 – 23.67
\nSpot Rate : 0.3200
\nAverage : 0.2631<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-02-20
\nMaturity Price : 22.91
\nEvaluated at bid price : 23.35
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Have no fear, Vancouver! The BC government is going to make BC great again!: Starting Wednesday, foreigners will pay the province a 20 percent tax on top of the listing value, up from 15 percent …<\/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-49146","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49146","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=49146"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49146\/revisions"}],"predecessor-version":[{"id":49147,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49146\/revisions\/49147"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}