{"id":49383,"date":"2018-05-31T10:52:00","date_gmt":"2018-05-31T14:52:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49383"},"modified":"2025-08-15T10:53:00","modified_gmt":"2025-08-15T14:53:00","slug":"may-31-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49383","title":{"rendered":"May 31, 2018"},"content":{"rendered":"

The regulators’ campaign to eliminate competition in the Canadian financial services industry continues to bear fruit<\/a>:<\/p>\n

\n

Bank of Nova Scotia is extending a string of acquisitions with a $2.6-billion deal to buy MD Financial Management, a leading wealth-management company catering to doctors.<\/p>\n

Headquartered in Ottawa with more then $49-billion in assets under management, MD Financial specializes in providing financial products, services and investment counselling to physicians and their families.<\/p>\n

As part of the deal, Scotiabank has also struck a 10-year agreement with the Canadian Medical Association (CMA), which owns MD Financial, to promote the bank as its \u201cpreferred provider\u201d of financial services to Canadian doctors.
…<\/b>
The acquisition builds on a pledge Scotiabank has made to invest in its wealth-management arm, which currently contributes about 12 per cent of the bank\u2019s total earnings. In February, Scotiabank announced a deal to acquire investment firm Jarislowsky Fraser Ltd. for $950-million, bolstering its asset-management offerings for institutional investors.
…<\/b>
MD has about 250 financial consultants, 80 portfolio managers and 40 estate, trust and insurance advisors.<\/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-0.2631 %<\/td>\n2,983.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2631 %<\/td>\n5,474.6<\/td>\n<\/tr>\n
Floater<\/td>\n3.35 %<\/td>\n3.59 %<\/td>\n68,704<\/td>\n18.25<\/td>\n4<\/td>\n-0.2631 %<\/td>\n3,155.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n3,179.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.62 %<\/td>\n4.55 %<\/td>\n82,081<\/td>\n5.04<\/td>\n5<\/td>\n0.0000 %<\/td>\n3,796.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n2,962.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.62 %<\/td>\n-5.07 %<\/td>\n62,485<\/td>\n0.08<\/td>\n10<\/td>\n-0.0826 %<\/td>\n2,873.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.42 %<\/td>\n5.51 %<\/td>\n62,255<\/td>\n14.61<\/td>\n24<\/td>\n-0.1973 %<\/td>\n2,940.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.32 %<\/td>\n4.72 %<\/td>\n156,218<\/td>\n5.65<\/td>\n105<\/td>\n-0.2860 %<\/td>\n2,529.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.18 %<\/td>\n5.68 %<\/td>\n75,056<\/td>\n5.59<\/td>\n27<\/td>\n-0.1431 %<\/td>\n2,943.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.23 %<\/td>\n3.90 %<\/td>\n34,721<\/td>\n3.48<\/td>\n8<\/td>\n-0.3778 %<\/td>\n2,778.0<\/td>\n<\/tr>\n<\/table>\n\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
GWO.PR.N<\/td>\nFixedReset<\/td>\n-2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.61
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 16.62
\nEvaluated at bid price : 16.62
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n-1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n-1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 22.73
\nEvaluated at bid price : 23.09
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset<\/td>\n-1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.38
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.90
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 20.24
\nEvaluated at bid price : 20.24
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BNS.PR.D<\/td>\nFloatingReset<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.51
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.09
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 23.57
\nEvaluated at bid price : 24.66
\nBid-YTW : 5.31 %<\/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
EMA.PR.H<\/td>\nFixedReset<\/td>\n1,345,583<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 23.11
\nEvaluated at bid price : 24.88
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n388,906<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.91
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n171,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset<\/td>\n99,750<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset<\/td>\n66,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.90
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset<\/td>\n65,500<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.61
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
There were 19 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
TRP.PR.B<\/td>\nFixedReset<\/td>\nQuote: 16.40 – 17.25
\nSpot Rate : 0.8500
\nAverage : 0.5335<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 18.61 – 19.25
\nSpot Rate : 0.6400
\nAverage : 0.4311<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.61
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n

RY.PR.J<\/td>\nFixedReset<\/td>\nQuote: 24.24 – 24.79
\nSpot Rate : 0.5500
\nAverage : 0.3589<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 23.28
\nEvaluated at bid price : 24.24
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n

BNS.PR.D<\/td>\nFloatingReset<\/td>\nQuote: 23.51 – 23.98
\nSpot Rate : 0.4700
\nAverage : 0.3045<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.51
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.38 – 21.75
\nSpot Rate : 0.3700
\nAverage : 0.2155<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.38
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 19.79 – 20.50
\nSpot Rate : 0.7100
\nAverage : 0.5668<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-05-31
\nMaturity Price : 19.79
\nEvaluated at bid price : 19.79
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The regulators’ campaign to eliminate competition in the Canadian financial services industry continues to bear fruit: Bank of Nova Scotia is extending a string of acquisitions with a $2.6-billion deal to buy MD Financial Management, …<\/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-49383","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49383","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=49383"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49383\/revisions"}],"predecessor-version":[{"id":49384,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49383\/revisions\/49384"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}