{"id":49365,"date":"2018-05-11T20:39:00","date_gmt":"2018-05-12T00:39:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49365"},"modified":"2025-08-14T20:39:58","modified_gmt":"2025-08-15T00:39:58","slug":"may-11-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49365","title":{"rendered":"May 11, 2018"},"content":{"rendered":"

Jobs, jobs, jobs<\/a>!<\/p>\n

Canada recorded its strongest wage growth in six years in April, giving the Bank of Canada more evidence that the country\u2019s job market is robust. But don\u2019t expect the central bank to raise interest rates just yet. <\/p>\n

The average hourly wage climbed 3.6 per cent to $27.02 over April of last year, according to Statistics Canada\u2019s monthly jobs report released on Friday. That\u2019s the biggest increase since the fall of 2012, when soaring oil prices fuelled a labour shortage and spike in wages in Alberta.
…<\/b>
Over all, the labour market has been strong for the past year and a half, even with the net loss of 1,100 part time jobs in April. The economy created 28,800 full-time positions and eliminated 30,000 part-time positions. Over the year, employers have added 278,300 new jobs. <\/p>\n

The unemployment rate remained at 5.8 per cent, a level first touched in December. Before that, the last time the rate was that low was in October, 2007<\/p>\n<\/blockquote>\n

FINTRAC is attempting to boost the career prospects of its employees<\/a>:<\/p>\n

Experts are raising red flags about Canada\u2019s securities industry, saying it is increasingly susceptible to money laundering. Yet despite numerous warnings from regulatory agencies, data obtained by The Globe and Mail show that many of the country\u2019s securities dealers are not meeting federal rules aimed at rooting out financial crime \u2013 leaving them vulnerable to exploitation by criminals looking to hide dirty money.<\/p>\n

Statistics tell an alarming tale. Canada\u2019s anti-money-laundering agency, Fintrac, examined more than 250 of the country\u2019s 3,000 or so securities dealers over the past five years and found what it calls \u201csignificant\u201d shortcomings in the firms\u2019 controls nearly half the time, the data revealed.
…<\/b>
The federal Department of Finance is currently reviewing Canada\u2019s anti-money-laundering regime, as it\u2019s required to do every five years.<\/p>\n<\/blockquote>\n

As I said on November 23, 2015<\/a>:<\/p>\n

According to John Allison (who ran the BB&T bank with distinction through the Credit Crunch) the US \u201cPatriot Act\u201d costs US banks over $5-billion annually and \u201cthere has never been a single terrorist caught and convicted because of the Patriot Act.\u201d Instead, the Patriot Act has enabled government snooping that, so far, has achieved success in nailing Eliot Switzer (a guy who hired prostitutes) and Dennis Hastert (a blackmail victim desperate to pay his blackmailer). Oh, very well done and well worth $5-billion per year.<\/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-0.8836 %<\/td>\n2,974.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8836 %<\/td>\n5,457.1<\/td>\n<\/tr>\n
Floater<\/td>\n3.36 %<\/td>\n3.57 %<\/td>\n86,377<\/td>\n18.32<\/td>\n4<\/td>\n-0.8836 %<\/td>\n3,145.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0633 %<\/td>\n3,160.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.60 %<\/td>\n4.69 %<\/td>\n82,004<\/td>\n5.03<\/td>\n5<\/td>\n-0.0633 %<\/td>\n3,773.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0633 %<\/td>\n2,944.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.62 %<\/td>\n-5.99 %<\/td>\n67,304<\/td>\n0.09<\/td>\n10<\/td>\n-0.0197 %<\/td>\n2,871.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.42 %<\/td>\n5.45 %<\/td>\n63,745<\/td>\n14.71<\/td>\n24<\/td>\n-0.0054 %<\/td>\n2,943.6<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.27 %<\/td>\n4.67 %<\/td>\n165,447<\/td>\n3.97<\/td>\n103<\/td>\n-0.0105 %<\/td>\n2,547.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.11 %<\/td>\n5.57 %<\/td>\n81,759<\/td>\n5.59<\/td>\n27<\/td>\n0.2302 %<\/td>\n2,954.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.08 %<\/td>\n3.46 %<\/td>\n30,395<\/td>\n3.55<\/td>\n8<\/td>\n0.0513 %<\/td>\n2,796.8<\/td>\n<\/tr>\n<\/table>\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-3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 2.90 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 24.06
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 21.09
\nEvaluated at bid price : 21.09
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.80
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.24
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 16.85
\nEvaluated at bid price : 16.85
\nBid-YTW : 3.74 %<\/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
TRP.PR.J<\/td>\nFixedReset<\/td>\n184,581<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.42
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n159,900<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.84
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset<\/td>\n106,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.44
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset<\/td>\n68,739<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 22.86
\nEvaluated at bid price : 23.40
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset<\/td>\n67,003<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.66
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n58,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
There were 15 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
PWF.PR.Q<\/td>\nFloatingReset<\/td>\nQuote: 21.09 – 25.00
\nSpot Rate : 3.9100
\nAverage : 3.4574<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 21.09
\nEvaluated at bid price : 21.09
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 20.09 – 21.09
\nSpot Rate : 1.0000
\nAverage : 0.5625<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 20.09
\nEvaluated at bid price : 20.09
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n

MFC.PR.G<\/td>\nFixedReset<\/td>\nQuote: 23.95 – 24.79
\nSpot Rate : 0.8400
\nAverage : 0.4593<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 20.75 – 21.48
\nSpot Rate : 0.7300
\nAverage : 0.4678<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 2.90 %<\/td>\n<\/tr>\n

HSE.PR.C<\/td>\nFixedReset<\/td>\nQuote: 24.40 – 24.98
\nSpot Rate : 0.5800
\nAverage : 0.3508<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-11
\nMaturity Price : 24.06
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset<\/td>\nQuote: 24.35 – 24.95
\nSpot Rate : 0.6000
\nAverage : 0.3744<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.35
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Jobs, jobs, jobs! Canada recorded its strongest wage growth in six years in April, giving the Bank of Canada more evidence that the country\u2019s job market is robust. But don\u2019t expect the central bank to …<\/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-49365","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49365","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=49365"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49365\/revisions"}],"predecessor-version":[{"id":49366,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49365\/revisions\/49366"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}