{"id":51407,"date":"2026-01-19T19:23:21","date_gmt":"2026-01-20T00:23:21","guid":{"rendered":"https:\/\/prefblog.com\/?p=51407"},"modified":"2026-01-19T19:23:21","modified_gmt":"2026-01-20T00:23:21","slug":"january-19-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51407","title":{"rendered":"January 19, 2026"},"content":{"rendered":"

Canadian inflation was up a bit in December<\/a>:<\/p>\n

Statistics Canada says the end of the federal government\u2019s tax holiday a year earlier pushed the annual pace of inflation up two ticks to 2.4 per cent in December.<\/p>\n

A poll of economists heading into Monday\u2019s data release had expected the annual inflation rate would hold steady at 2.2 per cent.<\/p>\n

Statscan said Ottawa\u2019s move to take GST off some items for two months starting mid-December in 2024 dropped prices for dining out, alcohol, children\u2019s toys and more a year earlier, but those discounts fell out of the annual comparison and pushed the Consumer Price Index higher to end the year.<\/p>\n

That led to an 8.5-per-cent annual increase in the price of restaurant meals, which Statscan said fuelled the acceleration in the headline number. Some grocery items including potato chips and confectionery goods were also included in the tax holiday and saw annual price jumps in December, the agency said.<\/p>\n

Overall, the cost of food bought from the grocery store rose 5 per cent annually, though Statscan said price levels were broadly unchanged month-to-month. Grocery store inflation has been accelerating in recent months, rising 4.7 per cent year-over-year in November.
…<\/b>
Andrew Grantham, senior economist at Canadian Imperial Bank of Commerce, said while the distortion from the \u201ctax holiday\u201d was expected, what caught forecasters off-guard was the jump in transportation costs last month.<\/p>\n

While the cost of air transportation was marginally lower year-over-year, Statscan said airfare prices surged 34.5 per cent month-over-month \u2013 outpacing the previous year\u2019s holiday price hike. The cost of travel tours also rose on a monthly basis, which Statscan attributed to higher prices for U.S. destinations.<\/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>\n0.4290 %<\/td>\n2,454.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4290 %<\/td>\n4,653.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.87 %<\/td>\n6.11 %<\/td>\n57,356<\/td>\n13.75<\/td>\n3<\/td>\n0.4290 %<\/td>\n2,681.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0315 %<\/td>\n3,667.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.35 %<\/td>\n79,564<\/td>\n3.09<\/td>\n5<\/td>\n-0.0315 %<\/td>\n4,379.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0315 %<\/td>\n3,417.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n5.56 %<\/td>\n86,709<\/td>\n6.84<\/td>\n9<\/td>\n-0.1056 %<\/td>\n3,095.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.54 %<\/td>\n5.61 %<\/td>\n52,707<\/td>\n14.52<\/td>\n25<\/td>\n0.2380 %<\/td>\n3,410.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.84 %<\/td>\n5.95 %<\/td>\n119,410<\/td>\n13.85<\/td>\n29<\/td>\n0.2754 %<\/td>\n3,179.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.48 %<\/td>\n5.53 %<\/td>\n65,743<\/td>\n14.57<\/td>\n22<\/td>\n0.4813 %<\/td>\n3,322.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2754 %<\/td>\n3,782.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.95 %<\/td>\n4.56 %<\/td>\n85,691<\/td>\n2.17<\/td>\n19<\/td>\n0.0807 %<\/td>\n2,658.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2754 %<\/td>\n3,250.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.45 %<\/td>\n76,121<\/td>\n14.45<\/td>\n14<\/td>\n0.1258 %<\/td>\n3,133.7<\/td>\n<\/tr>\n<\/table>\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
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 22.52
\nEvaluated at bid price : 23.35
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 19.77
\nEvaluated at bid price : 19.77
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 22.38
\nEvaluated at bid price : 23.05
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 24.15
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n9.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.65
\nEvaluated at bid price : 21.90
\nBid-YTW : 5.49 %<\/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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n83,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Prem<\/td>\n57,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n40,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 23.26
\nEvaluated at bid price : 23.55
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n38,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 20.22
\nEvaluated at bid price : 20.22
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n32,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 23.38
\nEvaluated at bid price : 24.82
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n28,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.15
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
There were 15 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: 21.74 – 22.74
\nSpot Rate : 1.0000
\nAverage : 0.6570<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.74
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

POW.PR.B<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.47 – 24.40
\nSpot Rate : 0.9300
\nAverage : 0.5951<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n

POW.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.30 – 26.30
\nSpot Rate : 1.0000
\nAverage : 0.6793<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 21.40 – 22.75
\nSpot Rate : 1.3500
\nAverage : 1.0732<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.48 – 21.95
\nSpot Rate : 0.4700
\nAverage : 0.3351<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-19
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.48
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n

NA.PR.E<\/td>\nFixedReset Prem<\/td>\nQuote: 25.51 – 25.92
\nSpot Rate : 0.4100
\nAverage : 0.2873<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Canadian inflation was up a bit in December: Statistics Canada says the end of the federal government\u2019s tax holiday a year earlier pushed the annual pace of inflation up two ticks to 2.4 per cent …<\/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-51407","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51407","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=51407"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51407\/revisions"}],"predecessor-version":[{"id":51408,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51407\/revisions\/51408"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}