These prices are dealer buy prices, not what the notes are worth. Just ask yourself, would you really expect to see dealer members of the pricing panel selling these notes for the given prices? I think not. I'll bet you they would gladly pay you full catalogue for these notes, making themselves seem generous while they try to build up any kind of inventory. Let's face it, if any pricing panel members had a good supply of any of these notes, the catalogue prices would be much higher. But keeping catalogue prices low at this time helps to throw some ice water on the market. Nobody knows for certain what these notes should be worth, so it's also a precautionary first listing we're seeing. People who are holding onto bundles or entire bricks of these notes are going to have to wait another whole year to get serious money, if any such people are out there, and if they can't wait, well, guess who will end up with those notes? That's right, the dealers. It's still early, anything could happen, and the last thing the Canadian note market needs is more bad news after so many kinds of notes have seen their value rise and fall over the last few years.