{"id":49271,"date":"2018-03-23T11:13:00","date_gmt":"2018-03-23T15:13:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49271"},"modified":"2025-08-13T11:14:44","modified_gmt":"2025-08-13T15:14:44","slug":"march-23-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49271","title":{"rendered":"March 23, 2018"},"content":{"rendered":"

How about that Canadian inflation<\/a>, eh?:<\/p>\n

\n

Canadian inflation picked up more than analysts expected in February to the fastest in more than three years as signs point to price pressures continuing to build.<\/p>\n

Consumer prices accelerated to an annual pace of 2.2 percent in February, the most since 2014, from 1.7 percent a month earlier. Economists had anticipated a 1.9 percent increase. Core prices — which exclude more volatile items like energy and are considered a gauge of inflation pressures — inched higher for a fifth month to 2.03 percent, which is the fastest since 2012.<\/p>\n

The budding inflation could add pressure on the Bank of Canada — which has kept the expansion going with low interest rates — to keep hiking borrowing costs to more normal levels.<\/p>\n<\/blockquote>\n

All this is happening during renewed NAFTA huffing and puffing<\/a>:<\/p>\n

\n

U.S. President Donald Trump has put new pressure on Nafta negotiations with an order saying he\u2019ll impose steel and aluminum tariffs on Canada and Mexico on May 1 if he\u2019s not satisfied with talks.<\/p>\n

Trump\u2019s presidential proclamation Thursday sets tariffs for some countries as of Friday while excluding others such as Canada and Mexico. The document specifies for the first time when those exclusions will run out, adding to pressure for a deal to be reached on the North American Free Trade Agreement around the same time.<\/p>\n

A White House statement said Trump will decide by May 1 \u201cwhether to continue to exempt these countries from tariffs, based on the status of discussions.\u201d Mexico has said it needs a deal by the end of April, or that talks might as well stretch past the country\u2019s summer election, and then U.S. midterm elections this fall.<\/p>\n<\/blockquote>\n

All this Trumpism is having an effect<\/a>:<\/p>\n

\n

Spring has sprung — just not in U.S. stocks, where a harrowing week has walloped traders with echoes of February\u2019s correction.<\/p>\n

In the past five years, there have been only two other stretches with losses of this magnitude. The S&P 500 Index is down 6 percent. And the picture looks just as bad for the Dow Jones Industrial Average, which sank to a four-month low by the Friday close. Both indexes suffered their steepest weekly drop in more than two years.<\/p>\n

Equities are now teetering near — and for blue chips, below — levels seen at the worst point in February\u2019s volatility-fueled meltdown. At the epicenter this time is U.S. President Donald Trump, with his China tariffs driving Boeing Co. down more than 5 percent in a single session on Thursday and losses rippling across industries from technology to banks.<\/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-0.6429 %<\/td>\n3,003.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6429 %<\/td>\n5,511.6<\/td>\n<\/tr>\n
Floater<\/td>\n3.32 %<\/td>\n3.48 %<\/td>\n100,759<\/td>\n18.58<\/td>\n4<\/td>\n-0.6429 %<\/td>\n3,176.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0078 %<\/td>\n3,167.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.15 %<\/td>\n57,540<\/td>\n3.26<\/td>\n5<\/td>\n0.0078 %<\/td>\n3,782.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0078 %<\/td>\n2,951.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n2.45 %<\/td>\n79,181<\/td>\n0.08<\/td>\n11<\/td>\n-0.0611 %<\/td>\n2,837.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.37 %<\/td>\n5.48 %<\/td>\n82,372<\/td>\n14.60<\/td>\n23<\/td>\n-0.0934 %<\/td>\n2,926.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.30 %<\/td>\n4.65 %<\/td>\n177,170<\/td>\n5.88<\/td>\n104<\/td>\n-0.2139 %<\/td>\n2,502.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.20 %<\/td>\n5.88 %<\/td>\n90,903<\/td>\n5.71<\/td>\n28<\/td>\n-0.0714 %<\/td>\n2,904.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.91 %<\/td>\n3.04 %<\/td>\n34,985<\/td>\n3.64<\/td>\n10<\/td>\n-0.1814 %<\/td>\n2,754.6<\/td>\n<\/tr>\n<\/table>\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.G<\/td>\nFixedReset<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.96
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.86
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.28
\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.15
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 2.93 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 23.53
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.80
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.31
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 16.65
\nEvaluated at bid price : 16.65
\nBid-YTW : 4.71 %<\/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.B<\/td>\nDeemed-Retractible<\/td>\n76,624<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.54
\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n67,225<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.83
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n47,178<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 20.07
\nEvaluated at bid price : 20.07
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n46,556<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset<\/td>\n40,820<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.09
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n34,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 23.65
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
There were 11 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
MFC.PR.G<\/td>\nFixedReset<\/td>\nQuote: 23.96 – 24.80
\nSpot Rate : 0.8400
\nAverage : 0.4933<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.96
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset<\/td>\nQuote: 22.97 – 23.70
\nSpot Rate : 0.7300
\nAverage : 0.4187<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.97
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 20.22 – 20.84
\nSpot Rate : 0.6200
\nAverage : 0.3690<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 20.22
\nEvaluated at bid price : 20.22
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 20.75 – 21.34
\nSpot Rate : 0.5900
\nAverage : 0.3883<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 2.93 %<\/td>\n<\/tr>\n

W.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.75 – 25.22
\nSpot Rate : 0.4700
\nAverage : 0.2810<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 24.50
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n

RY.PR.H<\/td>\nFixedReset<\/td>\nQuote: 23.35 – 23.77
\nSpot Rate : 0.4200
\nAverage : 0.2457<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-23
\nMaturity Price : 22.91
\nEvaluated at bid price : 23.35
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

How about that Canadian inflation, eh?: Canadian inflation picked up more than analysts expected in February to the fastest in more than three years as signs point to price pressures continuing to build. Consumer prices …<\/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-49271","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49271","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=49271"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49271\/revisions"}],"predecessor-version":[{"id":49272,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49271\/revisions\/49272"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}