{"id":49241,"date":"2018-03-13T21:43:00","date_gmt":"2018-03-14T01:43:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49241"},"modified":"2025-08-12T21:43:57","modified_gmt":"2025-08-13T01:43:57","slug":"march-13","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49241","title":{"rendered":"March 13"},"content":{"rendered":"

Today’s gloom comes to us courtesy of Moody’s<\/a>:<\/p>\n

Canada\u2019s mountain of consumer debt is triggering multiple alarms about the threat to the country\u2019s banks.<\/p>\n

Moody\u2019s Investors Service joined the Bank for International Settlements and S&P Global Ratings which have all warned in the last month that Canada\u2019s banking system, dominated by five giants, is facing a growing threat of souring consumer loans amid rising interest rates. The country\u2019s ratio of household debt to disposable income reached a record 171 percent in the third quarter of last year.<\/p>\n

The proportion of uninsured mortgages has increased to 60 percent from 50 percent five years ago, including home equity lines of credit, amid government efforts to reduce taxpayer exposure, according to the report from Moody\u2019s on Tuesday. Canada Mortgage and Housing Corp., a government agency, insurers the bulk of mortgages in Canada.<\/p>\n

Almost half of outstanding mortgages, many of them on fixed-rate terms, will have an interest-rate reset within the year, increasing the strain on households\u2019 debt-servicing capacity, Moody\u2019s said.<\/p>\n<\/blockquote>\n

This looks like bad news for Aimia<\/a>:<\/p>\n

PC Optimum points will replace Aeroplan miles as the loyalty program of choice at Esso stations across the country effective June 1, as Imperial Oil Ltd. shifts its relationship to Loblaw Companies Ltd.<\/p>\n

Aimia Inc.-operated Aeroplan notified members of the change to its 14-year partnership in an email on Tuesday.<\/p>\n

It noted that up to 1.5 miles for every dollar spent will continue to be earned when using Aeroplan-affiliated credit cards for purchases at any retailer, including Esso.<\/p>\n<\/blockquote>\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>\n-0.2254 %<\/td>\n3,095.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2254 %<\/td>\n5,679.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.21 %<\/td>\n3.42 %<\/td>\n112,427<\/td>\n18.63<\/td>\n4<\/td>\n-0.2254 %<\/td>\n3,273.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1413 %<\/td>\n3,165.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.11 %<\/td>\n63,719<\/td>\n3.29<\/td>\n5<\/td>\n0.1413 %<\/td>\n3,780.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1413 %<\/td>\n2,949.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.61 %<\/td>\n0.13 %<\/td>\n79,010<\/td>\n0.09<\/td>\n11<\/td>\n0.1507 %<\/td>\n2,837.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.31 %<\/td>\n5.40 %<\/td>\n86,671<\/td>\n14.75<\/td>\n23<\/td>\n0.2617 %<\/td>\n2,947.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.25 %<\/td>\n4.57 %<\/td>\n172,268<\/td>\n5.82<\/td>\n103<\/td>\n0.0626 %<\/td>\n2,524.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.15 %<\/td>\n5.68 %<\/td>\n89,239<\/td>\n5.75<\/td>\n28<\/td>\n0.2961 %<\/td>\n2,928.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.00 %<\/td>\n3.00 %<\/td>\n35,299<\/td>\n3.66<\/td>\n10<\/td>\n0.1724 %<\/td>\n2,766.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.14
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.57 %<\/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.E<\/td>\nFixedReset<\/td>\n61,925<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.46
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n58,133<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.26
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n29,950<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
RY.PR.Q<\/td>\nFixedReset<\/td>\n27,336<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.45
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n23,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.20
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n23,370<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 20.53
\nEvaluated at bid price : 20.53
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
There were 25 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
PVS.PR.B<\/td>\nSplitShare<\/td>\nQuote: 25.20 – 25.61
\nSpot Rate : 0.4100
\nAverage : 0.2722<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 3.46 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset<\/td>\nQuote: 24.07 – 24.38
\nSpot Rate : 0.3100
\nAverage : 0.2058<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.07
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n

BAM.PR.T<\/td>\nFixedReset<\/td>\nQuote: 21.44 – 21.78
\nSpot Rate : 0.3400
\nAverage : 0.2614<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.44
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset<\/td>\nQuote: 19.80 – 19.99
\nSpot Rate : 0.1900
\nAverage : 0.1243<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.22 – 23.50
\nSpot Rate : 0.2800
\nAverage : 0.2154<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.22
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.23 – 21.49
\nSpot Rate : 0.2600
\nAverage : 0.1990<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-13
\nMaturity Price : 21.23
\nEvaluated at bid price : 21.23
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Today’s gloom comes to us courtesy of Moody’s: Canada\u2019s mountain of consumer debt is triggering multiple alarms about the threat to the country\u2019s banks. Moody\u2019s Investors Service joined the Bank for International Settlements and S&P …<\/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-49241","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49241","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=49241"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49241\/revisions"}],"predecessor-version":[{"id":49242,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49241\/revisions\/49242"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}