{"id":52525,"date":"2026-09-05T20:44:11","date_gmt":"2026-09-06T00:44:11","guid":{"rendered":"https:\/\/prefblog.com\/?p=52525"},"modified":"2026-09-05T20:44:11","modified_gmt":"2026-09-06T00:44:11","slug":"september-4-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52525","title":{"rendered":"September 4, 2026"},"content":{"rendered":"

The US job numbers were good<\/a>:<\/p>\n

The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at 4.1%, new data from the Bureau of Labor Statistics showed Friday.<\/p>\n

August\u2019s job gains \u2013 which are the strongest since March \u2013 mark a sharp rebound from July\u2019s tally, which was revised up to a 21,000-job gain from a 23,000-job loss. June was also revised upwards, adding 31,000 positions. That\u2019s up from the original estimate of 20,0000.
…<\/b>
Wage growth slowed again in August, landing at an annual rate of 3.1%, a fresh five-year low. And it\u2019s also the fourth month in a row that Americans\u2019 pay gains are being outpaced by overall inflation.<\/p><\/blockquote>\n

… while in the frozen North<\/a>:<\/p>\n

The previously hot labour market stalled out to end the summer with a loss of 42,000 jobs in August, Statistics Canada said Friday.<\/p>\n

The unemployment rate held steady at 6.4 per cent last month, the agency said.
…<\/b>
StatCan said there was little change in the private sector and self-employment in August, but the public sector shed 20,000 positions in its third straight month of losses.<\/p>\n

The business, building and other support services sector led declines, followed by public administration, natural resources and utilities.
…<\/b>
The manufacturing industry has been hit hard by U.S. tariffs but the sector proved to be a surprise pocket of strength in August with a gain of 22,000 jobs.<\/p><\/blockquote>\n

And for those seeking a little comic relief … Trump is touting a new trade war … targetting the Federal Reserve<\/a>:<\/p>\n

U.S. President Donald Trump on Friday said that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the United States had a deficit.<\/p>\n

\u201cHigh interest rates put the U.S.A. at a very unfair disadvantage, and I won\u2019t allow that to happen!\u201d said Trump, who has repeatedly demanded that the Fed cut rates.<\/p>\n

The Bureau of Labor Statistics on Friday reported stronger-than-expected job creation in August, prompting traders to boost bets on a hike later this month.<\/p>\n

\u201cWe should have the LOWEST RATE of any country in the World … LOWER THE RATE OR I\u2019LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT,\u201d Trump said in a Truth Social post.<\/p><\/blockquote>\n

I must admit, I am looking forward to the waning years of this decade, when the book stores will fill up with thick political tomes from around the globe with titles like ‘What it was like to deal with Trump’.<\/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>\n3.7445 %<\/td>\n2,793.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n3.7445 %<\/td>\n5,260.9<\/td>\n<\/tr>\n
Floater<\/td>\n5.17 %<\/td>\n5.29 %<\/td>\n30,999<\/td>\n14.95<\/td>\n3<\/td>\n3.7445 %<\/td>\n3,031.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1588 %<\/td>\n3,632.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.31 %<\/td>\n56,509<\/td>\n2.57<\/td>\n5<\/td>\n0.1588 %<\/td>\n4,337.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1588 %<\/td>\n3,384.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n5.54 %<\/td>\n44,162<\/td>\n6.58<\/td>\n12<\/td>\n-0.3072 %<\/td>\n3,074.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.62 %<\/td>\n38,146<\/td>\n14.42<\/td>\n21<\/td>\n0.0421 %<\/td>\n3,411.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.46 %<\/td>\n5.88 %<\/td>\n94,562<\/td>\n13.97<\/td>\n17<\/td>\n0.6180 %<\/td>\n3,438.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.45 %<\/td>\n5.50 %<\/td>\n44,401<\/td>\n14.58<\/td>\n20<\/td>\n-0.3756 %<\/td>\n3,298.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6180 %<\/td>\n4,198.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.87 %<\/td>\n4.33 %<\/td>\n73,615<\/td>\n2.07<\/td>\n32<\/td>\n1.0295 %<\/td>\n2,679.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6180 %<\/td>\n3,514.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.18 %<\/td>\n4.67 %<\/td>\n51,601<\/td>\n1.92<\/td>\n14<\/td>\n0.0904 %<\/td>\n3,294.9<\/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\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-5.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-4.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\n-3.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-2.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-03-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.60
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-04
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 0.77 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.85
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.38
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Prem<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.01
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 15.30
\nEvaluated at bid price : 15.30
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 22.42
\nEvaluated at bid price : 22.68
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.81
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 24.08
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n4.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n5.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n5.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 14.86
\nEvaluated at bid price : 14.86
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n5.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-04-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.28
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Prem<\/td>\n36.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.91
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n<\/table>\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
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n271,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
BILP.PR.A<\/td>\nFixedReset Prem<\/td>\n49,697<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-10-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.28
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n22,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Prem<\/td>\n13,050<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.62
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
There were 0 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
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.10 – 25.18
\nSpot Rate : 1.0800
\nAverage : 0.6048<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n

GWO.PR.Y<\/td>\nInsurance Straight<\/td>\nQuote: 20.00 – 21.40
\nSpot Rate : 1.4000
\nAverage : 0.9871<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

BN.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 22.05 – 23.00
\nSpot Rate : 0.9500
\nAverage : 0.5853<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 21.65
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.70 – 23.91
\nSpot Rate : 1.2100
\nAverage : 0.8512<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.71 – 25.50
\nSpot Rate : 0.7900
\nAverage : 0.5022<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-03-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 23.08 – 23.95
\nSpot Rate : 0.8700
\nAverage : 0.6050<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-04
\nMaturity Price : 22.80
\nEvaluated at bid price : 23.08
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The US job numbers were good: The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at …<\/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-52525","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52525","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=52525"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52525\/revisions"}],"predecessor-version":[{"id":52537,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52525\/revisions\/52537"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}