January 15, 2018 Newsletter

Dear Friends,

Tangents: Martin Luther King Jr. Day

PHOTOS OF THE DAY

A great tit bird flaps its wings in the village of Troitskoye, outside Moscow.


This action shot shows a pair of Polar bears grappling with each other in the snow, in Churchill, Canada.

The Straw Bear dances through the streets during the annual Whittlesey Straw Bear Festival parade in Whittlesey.

Fireworks illuminate the sky over St. Sava temple in downtown Belgrade, Serbia. Orthodox Christians in Serbia celebrate New Year on Jan. 14, according to the Julian calendar.
Market Closes for January 15th, 2018

Market

Index

Close Change
Dow

Jones

25803.19 Closed

 

 

 
S&P 500 2786.24 Closed

 

 

 
NASDAQ 7261.063 Closed

 

 

 
TSX 16371.81 +63.63

 

+0.39%

International Markets

Market

Index

Close Change
NIKKEI 23714.88 +61.06
+0.26%
HANG

SENG

31338.87 -73.67
-0.23%
SENSEX 34843.51 +251.12
+0.73%
FTSE 100* 7769.14 -9.50
-0.12%

Bonds

Bonds % Yield Previous % Yield
CND.

10 Year Bond

2.190 2.176
CND.

30 Year

Bond

2.371 2.370
U.S.   

10 Year Bond

2.5462 2.5480
U.S.

30 Year Bond

2.8491 2.8538

Currencies

BOC Close Today Previous  
Canadian $ 0.80457 0.80182
US

$

1.24289 1.24716
     
Euro Rate

1 Euro=

  Inverse
Canadian $ 1.52455 0.65593
US

$

1.22661 0.81525

Commodities

Gold Close Previous
London Gold

Fix

1339.25 1326.80
     
Oil    
WTI Crude Future 64.30 64.30

Market Commentary:
Canada
By Kristine Owram

     (Bloomberg) — Canadian stocks posted their biggest gain in two weeks as marijuana companies resumed a rally that stalled in the latter half of last week.
     The S&P/TSX Composite Index added 64 points or 0.4 percent to 16,371.81. Volume was 33 percent below the 100-day average as U.S. markets were shut for a holiday.
     The health-care index jumped 6.2 percent, the most in five weeks, as pot stocks soared. Canopy Growth Corp. added 13 percent and Aphria Inc. jumped 20 percent, the most since November 2016. Aphria is buying Broken Coast Cannabis Inc. for C$230 million, making it one of the largest producers in Canada.
     Materials stocks rose 1.6 percent to the highest in 11 months amid gains in precious and base metals. Goldcorp Inc. gained 6.8 percent following an upgrade at Credit Suisse.
     In other moves:
                          Stocks
* BlackBerry Ltd. gained 2.8 percent. The company released a new product to help carmakers detect security flaws in software
* Chemtrade Logistics Income Fund fell 4.7 percent, the most since mid-2016, after cutting its fourth-quarter Ebitda guidance late Friday
* Torex Gold Resources Inc. jumped 7.8 percent. The company is restarting its ELG mine complex in Mexico following a worker blockade
                          Commodities
* Western Canada Select crude oil traded at a $24.70 discount to WTI on Friday
* Aeco natural gas traded at a $1.37 discount to Henry Hub on Friday
* Gold rose 0.4 percent to $1,340.50 an ounce
                          FX/Bonds
* The Canadian dollar strengthened 0.3 percent to $1.2426 per U.S. dollar
* The Canada 10-year government bond yield rose two basis points to 2.19 percent
US: US MARKETS CLOSED FOR MARTIN LUTHER KING JR. DAY

 

Have a wonderful evening everyone.

 

Be magnificent!

 

As ever,

 

Carolann

Darkness cannot dive out darkness; only light can do that.  Hate cannot drive out hate; only love can do that.
                                         -Martin Luther King Jr., 1929-1968

Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Portfolio Manager &
Senior Vice-President

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