{"id":51840,"date":"2026-04-28T20:58:02","date_gmt":"2026-04-29T00:58:02","guid":{"rendered":"https:\/\/prefblog.com\/?p=51840"},"modified":"2026-04-28T20:58:02","modified_gmt":"2026-04-29T00:58:02","slug":"april-28-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51840","title":{"rendered":"April 28, 2026"},"content":{"rendered":"

Soon we will all have a chance to invest in Canada’s version of State Capitalism<\/a>!<\/p>\n

Ottawa plans to grow its new sovereign wealth fund through a combination of buy-in from retail investors and efforts to reallocate money that is tied up in airports and other federal assets.<\/p>\n

On Monday, the Prime Minister Mark Carney announced a new $25-billion sovereign wealth fund, which will focus on investing in companies and infrastructure projects that are part of the government\u2019s major projects agenda.<\/p>\n

The spring economic update on Tuesday offered few additional details about how the fund will work in practice.<\/p>\n

But it did say the government will look to grow the pool of capital beyond the initial $25-billion in seed funding by allowing Canadians to invest in the fund, and by what the government says is optimizing existing federal assets.<\/p><\/blockquote>\n

I’m busy warming up my cheque-book to get in on the ground floor of this opportunity … we can bring back the Avro Arrow<\/a>! We can monetize our expertise in building large pay-roll systems<\/a>! Most excitingly, we can build secure apps for mobile ‘phones<\/a>! Apps are cool, right? We’ll sell millions of them!<\/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>\n0.2987 %<\/td>\n2,498.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2987 %<\/td>\n4,737.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.80 %<\/td>\n5.93 %<\/td>\n34,297<\/td>\n13.99<\/td>\n4<\/td>\n0.2987 %<\/td>\n2,729.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0551 %<\/td>\n3,661.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.53 %<\/td>\n66,765<\/td>\n2.85<\/td>\n5<\/td>\n-0.0551 %<\/td>\n4,372.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0551 %<\/td>\n3,411.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.84 %<\/td>\n-6.51 %<\/td>\n59,460<\/td>\n0.08<\/td>\n1<\/td>\n0.1984 %<\/td>\n3,031.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.67 %<\/td>\n5.72 %<\/td>\n49,455<\/td>\n14.29<\/td>\n34<\/td>\n0.1459 %<\/td>\n3,342.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.76 %<\/td>\n5.97 %<\/td>\n126,020<\/td>\n13.79<\/td>\n27<\/td>\n0.2931 %<\/td>\n3,269.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.55 %<\/td>\n5.62 %<\/td>\n52,435<\/td>\n14.44<\/td>\n22<\/td>\n-0.4094 %<\/td>\n3,278.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2931 %<\/td>\n3,889.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.99 %<\/td>\n4.59 %<\/td>\n93,256<\/td>\n1.93<\/td>\n21<\/td>\n0.3132 %<\/td>\n2,648.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2931 %<\/td>\n3,341.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.10 %<\/td>\n5.35 %<\/td>\n74,186<\/td>\n14.50<\/td>\n14<\/td>\n0.1930 %<\/td>\n3,240.3<\/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-9.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.06
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-3.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.50
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.33
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.92
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 23.63
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.39
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.90
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n3.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.39
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n4.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Prem<\/td>\n5.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 5.28 %<\/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
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n62,093<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 22.52
\nEvaluated at bid price : 23.30
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n39,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.32
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n33,025<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 14.12
\nEvaluated at bid price : 14.12
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n32,150<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n29,272<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 23.53
\nEvaluated at bid price : 25.08
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n28,820<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
There were 6 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: 22.06 – 24.67
\nSpot Rate : 2.6100
\nAverage : 1.5693<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.06
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n

BN.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.35 – 20.99
\nSpot Rate : 0.6400
\nAverage : 0.3669<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 21.00 – 22.30
\nSpot Rate : 1.3000
\nAverage : 1.0342<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

ENB.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 22.40 – 24.00
\nSpot Rate : 1.6000
\nAverage : 1.3376<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n

PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.42 – 22.99
\nSpot Rate : 0.5700
\nAverage : 0.3777<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.42
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n

POW.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.00 – 23.15
\nSpot Rate : 1.1500
\nAverage : 0.9796<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-28
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Soon we will all have a chance to invest in Canada’s version of State Capitalism! Ottawa plans to grow its new sovereign wealth fund through a combination of buy-in from retail investors and efforts 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-51840","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51840","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=51840"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51840\/revisions"}],"predecessor-version":[{"id":51841,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51840\/revisions\/51841"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}