May 25, 2015 Newsletter
Dear Friends,
Tangents:
Carolann is out of the office, I will be writing the newsletter on her behalf.
PHOTOS OF THE WEEKEND
A newborn Asian elephant gets help standing up from his mother, Farina, at Pairi Daiza wildlife park, a zoo and botanical garden in Brugelette, Belgium, Monday. Francois Lenoir/Reuters
Rowers arrive in the Grand Canal to take part in the Vogalonga, or Long Row, in the Venice lagoon in Italy Sunday. The annual boating event features a 30 km (18.6 mile) course starting at St. Mark’s Square. Manuel Silvestri/Reuters
Market Closes for May 25th, 2015
| Market
Index |
Close | Change |
| Dow
Jones |
18232.02 | Closed
|
| S&P 500 | 2126.06
|
Closed
|
| NASDAQ | 5089.362
|
Closed
|
| TSX | 15192.14 | -8.62
|
| -0.06%
|
International Markets
| Market
Index |
Close | Change |
| NIKKEI | 20413.77 | +149.36
|
| +0.74% |
||
| HANG
SENG |
27992.83 | +469.11
|
| +1.70%
|
||
| SENSEX | 27643.88 | -313.62
|
| -1.12%
|
||
| FTSE 100 | 7031.72 | +18.25
|
| +0.26%
|
Bonds
| Bonds | % Yield | Previous % Yield |
| CND.
10 Year Bond |
1.777 | 1.772
|
| CND.
30 Year Bond |
2.355 | 2.355 |
| U.S.
10 Year Bond |
2.2092 | 2.2092 |
| U.S.
30 Year Bond |
2.9841 | 2.9841
|
Currencies
| BOC Close | Today | Previous |
| Canadian $ | 0.81233 | 0.81329
|
| US
$ |
1.23103 | 1.22957 |
| Euro Rate
1 Euro= |
Inverse | |
| Canadian $ | 1.35166 | 0.73983 |
| US
$ |
1.09799 | 0.91076 |
Commodities
| Gold | Close | Previous |
| London Gold
Fix |
1204.10 | 1204.10 |
| Oil | Close | Previous |
| WTI Crude Future | 59.02 | 59.02
|
Market Commentary:
Canada
By Eric Lam
(Bloomberg) — Canadian stocks were little-changed for a second session as energy and raw-materials producers retreated, while health-care stocks rose, in a day when public holidays in the U.S. and much of Europe reduced trading.
Bellatrix Exploration Ltd. and RMP Energy Inc. dropped at least 2.4 percent to pace declines among energy stocks. BlackBerry Ltd. lost 0.5 percent after cutting jobs at offices around the world to consolidate its shrinking smartphone business. Valeant Pharmaceuticals International Inc., the nation’s largest drugmaker, added 0.3 percent.
The Standard & Poor’s/TSX Composite Index fell 13.36 points, or 0.1 percent, to 15,187.40 at 4 p.m. in Toronto. U.S. markets are closed today for the Memorial Day holiday.
Enbridge Inc. lost 2.1 percent as energy producers retreated 0.7 percent as a group. Four of 10 industries in the S&P/TSX fell on trading volume 78 percent lower than the 30-day average today.
West Texas Intermediate oil was little changed, up 10 cents to $59.82 in New York at the 1 p.m. close of electronic trading. There was no floor session at the exchange on Monday because of the Memorial Day holiday, and transactions will be booked Tuesday for settlement purposes.
Barrick Gold Corp. added 0.1 percent after Evolution Mining Ltd. agreed to pay $550 million for the gold producer’s Cowal gold mine in Australia.
Centerra Gold Inc. and First Majestic Silver Corp. declined at least 2.3 percent as raw-materials producers dropped 0.3 percent as a group.
BlackBerry fell after announcing late Friday it was making an unspecified number of cutbacks in its device software, hardware and applications business. The company employed 7,000 people as of September 2014.
US
Market are closed today for Memorial Day.
Have a wonderful evening everyone.
Be magnificent!
“Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek.” Barack Obama
As ever,
“We shall never know all the good that a simple smile can do.” Mother Teresa
Karen
Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7