{"id":50673,"date":"2025-11-14T20:48:26","date_gmt":"2025-11-15T01:48:26","guid":{"rendered":"https:\/\/prefblog.com\/?p=50673"},"modified":"2025-11-14T20:48:26","modified_gmt":"2025-11-15T01:48:26","slug":"november-14-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50673","title":{"rendered":"November 14, 2025"},"content":{"rendered":"

Funny day<\/a>:<\/p>\n

Stocks ended mixed on Friday as investors looked ahead to Nvidia\u2019s quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.<\/p>\n

The market partly recovered after a selloff early in the session that dragged all three major Wall Street indexes as well as Canada\u2019s main index down more than 1%.<\/p>\n

Investors in recent days have fretted about the pace of rate cuts and pricey valuations of heavyweight artificial intelligence stocks that have fueled much of the U.S. stock market\u2019s gains in recent years.<\/p>\n

Nvidia, Palantir and Microsoft each gained more than 1%.<\/p>\n

Expectations the Fed will cut rates at its December policy meeting have faded in recent days amid signs of persistent inflation, caused in part by U.S. President Donald Trump\u2019s global tariffs. The probability of a 25-basis-point rate cut in December has fallen to under 50% from 67% last week, according to CME Group\u2019s FedWatch tool.<\/p>\n

Kansas City Fed President Jeffrey Schmid said on Friday his concerns about \u201ctoo hot\u201d inflation go well beyond the narrow effects of tariffs, signaling that he could dissent again at the Fed\u2019s December meeting should policymakers opt to cut short-term borrowing costs. He was one of two dissenters in the Fed\u2019s October decision to lower the policy rate by a quarter of a percentage point.
…<\/b>
The S&P 500 fell 0.05% to end at 6,734.11 points.<\/p>\n

The Nasdaq gained 0.13% to 22,900.59 points, while the Dow Jones Industrial Average declined 0.65% to 47,147.48 points.<\/p>\n

The S&P\/TSX composite index ended up 72.82 points, or 0.2%, at 30,326.46. For the week, the index was up 1.4%. It touched on Wednesday a record closing high at 30,827.58.<\/p><\/blockquote>\n

The TXPR Price Index was down 0.44% on the day.<\/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>\n-0.3059 %<\/td>\n2,411.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3059 %<\/td>\n4,572.8<\/td>\n<\/tr>\n
Floater<\/td>\n5.97 %<\/td>\n6.24 %<\/td>\n58,358<\/td>\n13.52<\/td>\n3<\/td>\n-0.3059 %<\/td>\n2,635.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0392 %<\/td>\n3,686.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.74 %<\/td>\n4.53 %<\/td>\n67,461<\/td>\n3.24<\/td>\n5<\/td>\n0.0392 %<\/td>\n4,402.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0392 %<\/td>\n3,435.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n1.20 %<\/td>\n76,791<\/td>\n0.09<\/td>\n7<\/td>\n-0.1074 %<\/td>\n3,092.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.51 %<\/td>\n5.61 %<\/td>\n48,424<\/td>\n14.47<\/td>\n25<\/td>\n-0.9229 %<\/td>\n3,393.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.79 %<\/td>\n5.95 %<\/td>\n112,569<\/td>\n13.67<\/td>\n30<\/td>\n-0.2258 %<\/td>\n3,088.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.44 %<\/td>\n5.55 %<\/td>\n59,543<\/td>\n14.52<\/td>\n21<\/td>\n-0.0413 %<\/td>\n3,340.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2258 %<\/td>\n3,674.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.88 %<\/td>\n4.94 %<\/td>\n108,837<\/td>\n2.32<\/td>\n21<\/td>\n0.0259 %<\/td>\n2,634.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2258 %<\/td>\n3,157.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.17 %<\/td>\n5.36 %<\/td>\n63,874<\/td>\n14.44<\/td>\n15<\/td>\n0.1841 %<\/td>\n3,100.5<\/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\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
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-9.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-3.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.81
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.06
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.60
\nEvaluated at bid price : 22.88
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.00
\nEvaluated at bid price : 24.35
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.14
\nEvaluated at bid price : 21.14
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 13.76
\nEvaluated at bid price : 13.76
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.25
\nEvaluated at bid price : 23.55
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.33
\nEvaluated at bid price : 23.62
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 1.20 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.73
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.57
\nEvaluated at bid price : 25.35
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.45
\nEvaluated at bid price : 23.08
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.36
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.66
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.97
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.68
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n5.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n9.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.21 %<\/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
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n150,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.65
\nEvaluated at bid price : 25.46
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
IFC.PR.M<\/td>\nPerpetual-Premium<\/td>\n82,430<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 24.51
\nEvaluated at bid price : 24.90
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n64,330<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n47,918<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.02
\nEvaluated at bid price : 21.02
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n45,765<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n40,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
There were 12 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\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.70 – 22.01
\nSpot Rate : 2.3100
\nAverage : 1.6142<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

GWO.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 20.50 – 21.62
\nSpot Rate : 1.1200
\nAverage : 0.7134<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n

CCS.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 22.81 – 23.65
\nSpot Rate : 0.8400
\nAverage : 0.5537<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.81
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n

ENB.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 21.50 – 22.25
\nSpot Rate : 0.7500
\nAverage : 0.4759<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n

ENB.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 22.06 – 22.74
\nSpot Rate : 0.6800
\nAverage : 0.4374<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.06
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 23.35 – 24.90
\nSpot Rate : 1.5500
\nAverage : 1.3199<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-14
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.35
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Funny day: Stocks ended mixed on Friday as investors looked ahead to Nvidia\u2019s quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December. The market …<\/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-50673","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50673","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=50673"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50673\/revisions"}],"predecessor-version":[{"id":50674,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50673\/revisions\/50674"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}