{"id":52799,"date":"2026-11-05T20:32:56","date_gmt":"2026-11-06T01:32:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=52799"},"modified":"2026-11-05T20:32:56","modified_gmt":"2026-11-06T01:32:56","slug":"november-5-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52799","title":{"rendered":"November 5, 2026"},"content":{"rendered":"

So, equities had a day and a half<\/a>!<\/p>\n

Stocks had their worst day in nearly two years as investors\u2019 concerns about weaknesses in the A.I. industry re-emerged after Democratic midterm victories raised the prospect of tighter regulation.<\/p>\n

The S&P 500 fell 4.4 percent on Thursday, marking the most severe drop for the index since April 2025, when President Trump unveiled sweeping global tariffs.<\/p>\n

The tech-heavy Nasdaq Composite dropped 5.5 percent, putting the index into correction, defined as a drop of 10 percent or more from its recent peak. The Philadelphia Semiconductor Index, a benchmark for the industry, tumbled over 12 percent. That index has fallen over 30 percent since the beginning of October and is almost 40 percent below its peak in June.
…<\/b>
And as stocks tumbled, the 10-year Treasury note, seen as a haven during periods of market stress, rallied, meaning its yield fell, dropping to 4.83 percent, its lowest since September.
…<\/b>
Qualcomm, a large chipmaker, sank 9.5 percent on Thursday after the company dialed down its earnings forecast; it said high demand for chips was raising its own costs faster than it has been able to raise prices. The sharp stock move reflected broader concerns that supply bottlenecks created by the rush to build A.I. infrastructure could slow the industry\u2019s growth, which means slowing the time it takes for investors to realize profits on their A.I. bets.
…<\/b>
Shares of Elon Musk\u2019s Tesla and SpaceX fell sharply for a second day.<\/p><\/blockquote>\n

I was pleased to see that Trump Media & Technology Group Corp, DJT, set a new 52-week low today of 3.80, closing at 4.02. I regard this issue as a corruption index – the only reason to buy it is to curry favour.<\/p>\n

Five year Canadas<\/a> ended the day at 3.37%, down about 5bp.<\/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>\n0.0683 %<\/td>\n2,762.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0683 %<\/td>\n5,201.7<\/td>\n<\/tr>\n
Floater<\/td>\n5.61 %<\/td>\n5.69 %<\/td>\n45,838<\/td>\n14.35<\/td>\n1<\/td>\n0.0683 %<\/td>\n2,997.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0863 %<\/td>\n3,619.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.90 %<\/td>\n5.37 %<\/td>\n54,314<\/td>\n3.26<\/td>\n6<\/td>\n-0.0863 %<\/td>\n4,322.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0863 %<\/td>\n3,372.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.84 %<\/td>\n5.90 %<\/td>\n43,665<\/td>\n14.03<\/td>\n1<\/td>\n-1.3121 %<\/td>\n3,004.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.76 %<\/td>\n5.84 %<\/td>\n43,927<\/td>\n14.13<\/td>\n33<\/td>\n-0.5456 %<\/td>\n3,271.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.69 %<\/td>\n6.22 %<\/td>\n89,072<\/td>\n13.36<\/td>\n22<\/td>\n1.7159 %<\/td>\n3,359.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.66 %<\/td>\n5.76 %<\/td>\n55,915<\/td>\n14.21<\/td>\n20<\/td>\n0.5172 %<\/td>\n3,185.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.7159 %<\/td>\n4,102.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.00 %<\/td>\n5.18 %<\/td>\n73,422<\/td>\n1.99<\/td>\n28<\/td>\n-0.0617 %<\/td>\n2,610.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.7159 %<\/td>\n3,434.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.65 %<\/td>\n5.72 %<\/td>\n47,664<\/td>\n14.01<\/td>\n13<\/td>\n-0.2023 %<\/td>\n3,223.8<\/td>\n<\/tr>\n<\/table>\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
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-9.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Discount<\/td>\n-2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 23.29
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 24.57
\nEvaluated at bid price : 24.82
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.34
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.58
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n2.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.65
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n3.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.39
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n6.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n7.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.32
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n40.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.79
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<\/table>\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
BN.PF.N<\/td>\nFixedReset Disc<\/td>\n80,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2032-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.93
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n60,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.32
\nEvaluated at bid price : 23.05
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
PVS.PR.N<\/td>\nSplitShare<\/td>\n13,600<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2033-09-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.37 %<\/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
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.71 – 20.79
\nSpot Rate : 2.0800
\nAverage : 1.2407<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n

ENB.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 23.90 – 24.90
\nSpot Rate : 1.0000
\nAverage : 0.5712<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.90
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset Prem<\/td>\nQuote: 25.00 – 25.99
\nSpot Rate : 0.9900
\nAverage : 0.6231<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

GWO.PR.R<\/td>\nInsurance Straight<\/td>\nQuote: 20.35 – 21.34
\nSpot Rate : 0.9900
\nAverage : 0.7832<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 20.59 – 21.15
\nSpot Rate : 0.5600
\nAverage : 0.3702<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 20.99 – 21.80
\nSpot Rate : 0.8100
\nAverage : 0.6405<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-11-05
\nMaturity Price : 20.99
\nEvaluated at bid price : 20.99
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So, equities had a day and a half! Stocks had their worst day in nearly two years as investors\u2019 concerns about weaknesses in the A.I. industry re-emerged after Democratic midterm victories raised the prospect of …<\/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-52799","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52799","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=52799"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52799\/revisions"}],"predecessor-version":[{"id":52800,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52799\/revisions\/52800"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}