{"id":50917,"date":"2019-10-18T22:19:00","date_gmt":"2019-10-19T02:19:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50917"},"modified":"2025-11-21T22:20:01","modified_gmt":"2025-11-22T03:20:01","slug":"october-18-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50917","title":{"rendered":"October 18, 2019"},"content":{"rendered":"

Great news! FAIR Canada, that superannuation scheme for surplus regulatory staff<\/a> is on its last legs<\/a>:<\/p>\n

The primary advocacy group for Canadian investors is facing extinction after it has returned a $2-million grant, unable to raise matching funds.<\/p>\n

The Canadian Foundation for the Advancement of Investor Rights, known as FAIR Canada, has given back money provided in 2012 by Stephen Jarislowsky, the founder of investment firm Jarislowsky Fraser Ltd. Mr. Jarislowsky provided the endowment funding on the condition that FAIR found two-for-one matching money within two years.<\/p>\n

FAIR Canada received $2-million from the Ontario Securities Commission as part of the match, but has fallen short since and required multiple extensions on the Jarislowsky deadline.
…<\/b>
All told, the self-regulatory IIROC and its predecessors have given FAIR Canada a total of $4.9-million over the years. In the fall of 2018, it gave a $250,000 grant from its restricted fund that comes from fines and settlements.<\/p>\n<\/blockquote>\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>\n0.5533 %<\/td>\n1,900.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5533 %<\/td>\n3,487.8<\/td>\n<\/tr>\n
Floater<\/td>\n6.34 %<\/td>\n6.50 %<\/td>\n46,133<\/td>\n13.19<\/td>\n4<\/td>\n0.5533 %<\/td>\n2,010.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0337 %<\/td>\n3,391.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.65 %<\/td>\n4.55 %<\/td>\n50,319<\/td>\n3.94<\/td>\n7<\/td>\n-0.0337 %<\/td>\n4,049.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0337 %<\/td>\n3,159.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.50 %<\/td>\n-21.92 %<\/td>\n56,554<\/td>\n0.09<\/td>\n8<\/td>\n0.0294 %<\/td>\n3,024.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.38 %<\/td>\n5.38 %<\/td>\n70,327<\/td>\n14.77<\/td>\n25<\/td>\n0.2357 %<\/td>\n3,221.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.65 %<\/td>\n5.72 %<\/td>\n170,195<\/td>\n14.34<\/td>\n66<\/td>\n0.0885 %<\/td>\n2,078.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.20 %<\/td>\n5.76 %<\/td>\n61,324<\/td>\n7.85<\/td>\n27<\/td>\n0.1778 %<\/td>\n3,169.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.31 %<\/td>\n6.86 %<\/td>\n79,116<\/td>\n12.72<\/td>\n2<\/td>\n-0.0758 %<\/td>\n2,409.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.15 %<\/td>\n4.04 %<\/td>\n167,715<\/td>\n1.69<\/td>\n20<\/td>\n-0.0647 %<\/td>\n2,598.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.98 %<\/td>\n4.53 %<\/td>\n82,478<\/td>\n2.21<\/td>\n3<\/td>\n-0.1111 %<\/td>\n2,669.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.46 %<\/td>\n8.16 %<\/td>\n114,725<\/td>\n7.77<\/td>\n21<\/td>\n0.0834 %<\/td>\n2,116.4<\/td>\n<\/tr>\n<\/table>\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
NA.PR.A<\/td>\nFixedReset Prem<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 11.67
\nEvaluated at bid price : 11.67
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
W.PR.K<\/td>\nFixedReset Prem<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.18
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nDeemed-Retractible<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.22
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 15.69
\nEvaluated at bid price : 15.69
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 10.75
\nEvaluated at bid price : 10.75
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 20.19
\nEvaluated at bid price : 20.19
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.70 %<\/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
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n175,541<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.19
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n137,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 22.41
\nEvaluated at bid price : 22.67
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n137,737<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-11-17
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : -14.77 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n119,098<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n73,602<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.24
\nBid-YTW : 9.36 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n54,267<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
There were 62 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
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.90 – 19.62
\nSpot Rate : 0.7200
\nAverage : 0.4730<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.90
\nBid-YTW : 7.74 %<\/td>\n<\/tr>\n

CM.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 21.30 – 21.80
\nSpot Rate : 0.5000
\nAverage : 0.2862<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n

BAM.PF.I<\/td>\nFixedReset Prem<\/td>\nQuote: 25.30 – 25.69
\nSpot Rate : 0.3900
\nAverage : 0.2183<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n

W.PR.K<\/td>\nFixedReset Prem<\/td>\nQuote: 25.18 – 25.62
\nSpot Rate : 0.4400
\nAverage : 0.2830<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.18
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n

NA.PR.A<\/td>\nFixedReset Prem<\/td>\nQuote: 25.30 – 25.65
\nSpot Rate : 0.3500
\nAverage : 0.2114<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n

BMO.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 22.17 – 22.59
\nSpot Rate : 0.4200
\nAverage : 0.2923<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-18
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.17
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Great news! FAIR Canada, that superannuation scheme for surplus regulatory staff is on its last legs: The primary advocacy group for Canadian investors is facing extinction after it has returned a $2-million grant, unable 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-50917","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50917","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=50917"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50917\/revisions"}],"predecessor-version":[{"id":50918,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50917\/revisions\/50918"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}