{"id":51237,"date":"2025-12-15T20:21:34","date_gmt":"2025-12-16T01:21:34","guid":{"rendered":"https:\/\/prefblog.com\/?p=51237"},"modified":"2025-12-15T20:21:34","modified_gmt":"2025-12-16T01:21:34","slug":"december-15-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51237","title":{"rendered":"December 15, 2025"},"content":{"rendered":"

Canadian inflation was steady<\/a> in November:<\/p>\n

Economists and academics expect the trend of rising prices at the grocery store will follow consumers into 2026 even as Statistics Canada reported the overall inflation rate held steady in November.<\/p>\n

The agency said Monday that annual inflation rose 2.2 per cent in November, unchanged from the previous month and a tick below economists\u2019 expectations.<\/p>\n

Grocery prices were up 4.7 per cent year-over-year in November \u2013 a jump from 3.4 per cent in October and the highest level recorded since December 2023.<\/p>\n

Rising prices for fresh berries were driving the acceleration in November, Statscan said, and costs were also rising in a broad category that includes prepared foods like soup and potato chips.<\/p>\n

Prices for fresh or frozen beef were up 17.7 per cent in November amid lower cattle inventories across North America. Meanwhile, tariffs from the United States, combined with tough weather conditions, are putting strain on coffee-producing regions, driving the cost of refined coffee up 27.8 per cent annually.<\/p><\/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>\n-0.2030 %<\/td>\n2,424.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2030 %<\/td>\n4,597.4<\/td>\n<\/tr>\n
Floater<\/td>\n5.94 %<\/td>\n6.14 %<\/td>\n66,135<\/td>\n13.77<\/td>\n3<\/td>\n-0.2030 %<\/td>\n2,649.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1731 %<\/td>\n3,673.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n3.82 %<\/td>\n70,673<\/td>\n1.17<\/td>\n5<\/td>\n0.1731 %<\/td>\n4,387.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1731 %<\/td>\n3,423.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n-0.71 %<\/td>\n80,497<\/td>\n0.09<\/td>\n7<\/td>\n0.0337 %<\/td>\n3,112.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.63 %<\/td>\n50,668<\/td>\n14.40<\/td>\n26<\/td>\n-0.0673 %<\/td>\n3,419.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.85 %<\/td>\n6.08 %<\/td>\n106,126<\/td>\n13.64<\/td>\n31<\/td>\n-0.2849 %<\/td>\n3,120.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.50 %<\/td>\n5.53 %<\/td>\n61,112<\/td>\n14.57<\/td>\n21<\/td>\n0.3731 %<\/td>\n3,301.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2849 %<\/td>\n3,712.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.90 %<\/td>\n4.48 %<\/td>\n98,456<\/td>\n2.24<\/td>\n20<\/td>\n0.0595 %<\/td>\n2,659.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2849 %<\/td>\n3,190.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.26 %<\/td>\n5.57 %<\/td>\n83,393<\/td>\n14.31<\/td>\n13<\/td>\n0.9692 %<\/td>\n3,118.9<\/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
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-8.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.60
\nEvaluated at bid price : 21.90
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 18.34
\nEvaluated at bid price : 18.34
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.74
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 12.72
\nEvaluated at bid price : 12.72
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Prem<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 22.92
\nEvaluated at bid price : 24.27
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.70
\nBid-YTW : 3.00 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n2.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n4.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.72
\nEvaluated at bid price : 21.97
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n11.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 24.26
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n18.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 5.91 %<\/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
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n54,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n54,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.52
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n50,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.97
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Discount<\/td>\n49,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 24.56
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n41,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
POW.PR.I<\/td>\nPerpetual-Premium<\/td>\n38,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 24.66
\nEvaluated at bid price : 25.06
\nBid-YTW : 5.68 %<\/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\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
IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 22.40 – 25.99
\nSpot Rate : 3.5900
\nAverage : 2.4228<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

GWO.PR.Y<\/td>\nInsurance Straight<\/td>\nQuote: 18.34 – 21.43
\nSpot Rate : 3.0900
\nAverage : 2.4449<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 18.34
\nEvaluated at bid price : 18.34
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n

NA.PR.E<\/td>\nFixedReset Prem<\/td>\nQuote: 25.75 – 26.49
\nSpot Rate : 0.7400
\nAverage : 0.4395<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n

BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 22.47 – 23.60
\nSpot Rate : 1.1300
\nAverage : 0.9273<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.47
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n

BN.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 19.50 – 19.95
\nSpot Rate : 0.4500
\nAverage : 0.3111<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-15
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n

BN.PF.I<\/td>\nFixedReset Prem<\/td>\nQuote: 25.32 – 25.70
\nSpot Rate : 0.3800
\nAverage : 0.2532<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.32
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Canadian inflation was steady in November: Economists and academics expect the trend of rising prices at the grocery store will follow consumers into 2026 even as Statistics Canada reported the overall inflation rate held steady …<\/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-51237","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51237","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=51237"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51237\/revisions"}],"predecessor-version":[{"id":51238,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51237\/revisions\/51238"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}