November 25, 2021 Newsletter

Dear Friends,

Tangents: St. Catherine’s Day, Canada, France
On Nov. 25, 1986, the Iran-Contra affair erupted as President Reagan and Attorney General Edwin Meese revealed that profits from secret arms sales to Iran had been
diverted to Nicaraguan rebels. Go to article »

Andrew Carnegie, financier, b.1835.
Joe DiMaggio, baseball player, b. 1914.

PHOTOS OF THE DAY
The Tough Guy balloon is displayed on Sixth Avenue during the Macy’s Thanksgiving Day parade
CREDIT: Jeenah Moon/AP
A passenger with a baby snuggled under their coat arrives at Penn station. An estimated 53.4 million people will travel for the Thanksgiving holiday this year
CREDIT: David Dee Delgado/Getty Images
St George’s Hall at Windsor Castle sports a 20ft Christmas tree
CREDIT: Steve Parsons/PA

Market Closes for November 25^th, 2021

International Markets

Bonds

Currencies

Commodities

Market Commentary:
     Everyone wants to make the same three things: money, a name, and a difference.  What creates diversity in the human race is how we prioritize the three. -Roy H. Williams, The Wizard of Ads.
Canada
By Stefanie Marotta
(Bloomberg) — Canadian equities climbed for the third day as technology stocks recovered from the sector’s plunge earlier this week.  The S&P/TSX Composite rose 0.3%, or 64.75 to 21,613.18 in Toronto. Shopify Inc. contributed the most to the index gain, increasing 0.7%. Dye & Durham Ltd. had the largest increase, rising 3.7%. Today, 139 of 233 shares rose, while 89 fell; 8 of 11 sectors were higher, led by tech and healthcare stocks.
Insights
* This year, the index rose 24 percent, heading for the best year in at least 10 years
* This month, the index rose 2.7 percent
* So far this week, the index rose 0.3 percent
* The index advanced 25 percent in the past 52 weeks. The MSCI AC Americas Index gained 28 percent in the same period
* The S&P/TSX Composite is 0.8 percent below its 52-week high on Nov. 16, 2021 and 26.2 percent above its low on Nov. 30, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 1.5 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 19.6 on a trailing basis and 16.6 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.4 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.4t
* 30-day price volatility fell to 8.66 percent compared with 8.73 percent in the previous session and the average of 9.70 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
* Financials | 27.1407| 0.4| 22/6
* Information Technology | 20.6265| 0.8| 14/1
* Energy | 7.5336| 0.3| 12/10
* Communication Services | 3.6323| 0.4| 5/2
* Consumer Discretionary | 3.3417| 0.4| 9/4
* Real Estate | 3.1231| 0.5| 21/3
* Industrials | 2.7722| 0.1| 20/9
* Health Care | 1.4828| 0.8| 7/2
* Consumer Staples | -0.0764| 0.0| 6/7
* Utilities | -0.5495| -0.1| 8/7
* Materials | -4.2867| -0.2| 16/37
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
* Shopify | 11.7900| 0.7| -64.6| 44.4
* Royal Bank of Canada | 6.3310| 0.5| -73.4| 26.9
* Bank of Nova Scotia| 5.5670| 0.8| -53.6| 21.9
* Barrick Gold | -1.3580| -0.5| -79.0| -14.6
* Canadian National | -1.4810| -0.2| -49.8| 18.3
* Couche-Tard | -1.6450| -0.6| -35.2| 10.4
US: US MARKETS CLOSED FOR THANKSGIVING.
Have a lovely evening everyone.

Be magnificent!
As ever,

Carolann

The secret of man’s being is not only to live but to have something to live for. –Fyodor Dostoevsky, 1821-1881.

Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Senior Investment Advisor

Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7

Tel: 778.430.5808
(C): 250.881.0801
Toll Free: 1.877.430.5895
Fax: 778.430.5828
www.carolannsteinhoff.com