{"id":50307,"date":"2019-05-03T22:11:00","date_gmt":"2019-05-04T02:11:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50307"},"modified":"2025-10-15T22:12:09","modified_gmt":"2025-10-16T02:12:09","slug":"may-3-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50307","title":{"rendered":"May 3, 2019"},"content":{"rendered":"

The US jobs number was excellent<\/a>:<\/p>\n

The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year.<\/p>\n

The Labor Department reported Friday that employers added 263,000 jobs in April, well above what analysts had forecast. The unemployment rate sank to 3.6 percent.
…<\/b>
The April data show little threat of troublesome inflation or other signs of excess. The length of the average workweek actually fell, while wage growth for the month was slightly below what was expected. Still, with average hourly earnings up 3.2 percent from a year ago, ordinary workers are finally sharing in the economy\u2019s bounty.<\/p>\n<\/blockquote>\n

And Canada is going digital<\/a>:<\/p>\n

All in all, Statistics Canada calculates that as of 2017, Canada’s digital economy was worth $109.7 billion, or about 5.5 per cent of the entire economy that year.<\/p>\n

That’s a bigger economic bite than mining, quarrying, and oil and gas extraction (4.8 per cent), or retail (five per cent) or the agriculture, forestry, fishing and hunting sector took (at 1.8 per cent.)<\/p>\n

It still lags behind manufacturing (10 per cent), construction (8.1 per cent) health care (7.5 per cent), and finance and insurance (6.7 per cent).
…<\/b>
Between 2010 and 2017, Canada’s digital economy grew by 40.2 per cent, Statistics Canada said. That compares with 28 per cent in the rest of the economy. The digital economy outpaced the rest of the economy every year in that time frame except in 2011 and 2017, two years that saw strong growth in the energy sector.<\/p>\n

Within the digital economy, telecommunications is the biggest sector, but it’s getting caught by other parts. E-commerce is the fastest-growing segment, going from $4.2 billion in 2010 to more than $13.6 billion in 2017.<\/p>\n<\/blockquote>\n

It would be nice to see some comparable figures from our competitors, but it is nice to see some numbers.<\/p>\n\n\n\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>\n0.1366 %<\/td>\n2,075.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1366 %<\/td>\n3,809.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.66 %<\/td>\n6.04 %<\/td>\n49,392<\/td>\n13.82<\/td>\n3<\/td>\n0.1366 %<\/td>\n2,195.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2211 %<\/td>\n3,294.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.67 %<\/td>\n4.86 %<\/td>\n80,360<\/td>\n4.29<\/td>\n7<\/td>\n0.2211 %<\/td>\n3,933.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2211 %<\/td>\n3,069.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.52 %<\/td>\n0.98 %<\/td>\n98,790<\/td>\n0.09<\/td>\n12<\/td>\n-0.1644 %<\/td>\n2,954.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.43 %<\/td>\n5.48 %<\/td>\n76,555<\/td>\n14.65<\/td>\n20<\/td>\n-0.0264 %<\/td>\n3,098.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.24 %<\/td>\n5.34 %<\/td>\n171,094<\/td>\n15.02<\/td>\n63<\/td>\n0.1847 %<\/td>\n2,192.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.22 %<\/td>\n5.82 %<\/td>\n105,657<\/td>\n8.09<\/td>\n27<\/td>\n-0.0079 %<\/td>\n3,078.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.97 %<\/td>\n4.43 %<\/td>\n52,593<\/td>\n2.63<\/td>\n4<\/td>\n0.1413 %<\/td>\n2,403.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.10 %<\/td>\n3.76 %<\/td>\n265,928<\/td>\n2.15<\/td>\n21<\/td>\n0.0907 %<\/td>\n2,589.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.98 %<\/td>\n3.92 %<\/td>\n164,138<\/td>\n2.65<\/td>\n3<\/td>\n0.0835 %<\/td>\n2,647.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.01 %<\/td>\n6.68 %<\/td>\n100,138<\/td>\n8.23<\/td>\n22<\/td>\n0.2016 %<\/td>\n2,249.2<\/td>\n<\/tr>\n<\/table>\n\n\n\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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 18.16
\nEvaluated at bid price : 18.16
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.12
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Prem<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 19.27
\nEvaluated at bid price : 19.27
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.50
\nBid-YTW : 9.01 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.89
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.79
\nBid-YTW : 8.70 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 22.47
\nEvaluated at bid price : 23.15
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 12.45
\nEvaluated at bid price : 12.45
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n3.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 8.75 %<\/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
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n55,230<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 22.41
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n34,553<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.60
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n27,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n27,114<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n26,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n25,346<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n
There were 14 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
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 18.45 – 18.97
\nSpot Rate : 0.5200
\nAverage : 0.3173<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 18.45
\nEvaluated at bid price : 18.45
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n

CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.12 – 23.77
\nSpot Rate : 0.6500
\nAverage : 0.4589<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.12
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.40 – 22.04
\nSpot Rate : 0.6400
\nAverage : 0.4683<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.40 – 20.89
\nSpot Rate : 0.4900
\nAverage : 0.3209<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n

TD.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 21.54 – 21.95
\nSpot Rate : 0.4100
\nAverage : 0.2769<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.54
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 18.86 – 19.20
\nSpot Rate : 0.3400
\nAverage : 0.2181<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-05-03
\nMaturity Price : 18.86
\nEvaluated at bid price : 18.86
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The US jobs number was excellent: The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that …<\/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-50307","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50307","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=50307"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50307\/revisions"}],"predecessor-version":[{"id":50308,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50307\/revisions\/50308"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}