January 18, 2021 Newsletter

Dear Friends,

Tangents: Blue Monday & Winnie the Pooh Day.
Author A.A. Milne, b. 1882.

On Jan. 18, 1912, English explorer Robert F. Scott and his expedition reached the South Pole, only to discover that Roald Amundsen had gotten there first.  Go to article »

From The New York Times: Our editors also suggest these 12 new books, new music from Lana Del Rey and other artists, and the show “Joe Pera Talks With You” on HBO Max

PHOTOS OF THE DAY
A long exposure shows star trails above the Yangtze River in China
CREDIT: COSTFOTO/BARCROFT MEDIA VIA GETTY IMAGES
 A long exposure photo shows trains going in and out a train station in Frankfurt, Germany
CREDIT: MICHEAL PROBST/AP
A field of leeks is shown bathed in red and blue LED lights in the Dutch town of Lelystad, as part of artist Daan Roosegaarde’s new project “Grow”, intended to honour farmers and inspire them to experiment with LED technology as a supplement to natural light for crops
CREDIT: RUBEN HAMELINK/STUDIO ROOSEGAARDE/VIA REUTERS
Women dressed in kimonos pose for a selfie photograph at a deserted torii path Fushimi Inari Taish shrine on January 18, 2021 in Kyoto, Japan
CREDIT: BUDDHIKA WEERASINGHE/GETTY IMAGES
Market Closes for January 18^th, 2021 

International Markets

Bonds

Currencies

Commodities

Market Commentary:
The stock market is a device for transferring money from the impatient to the patient. –Warren Buffett.
Canada
By Aoyon Ashraf
(Bloomberg) — Canada‘s stock market rose, led by tech and health care firms, amid low trading volume with U.S. markets shut in observance of Martin Luther King Jr. Day holiday.
The S&P/TSX Composite index rose 0.2% in Toronto on Monday. The tech sector was the biggest winner with Shopify Inc. contributing the most to the rally.
Health care stocks came in second, led by Aurinia Pharmaceuticals. Energy was the only group in red on Monday, as oil prices fell. On the M&A front, executives at Alimentation Couche-Tard Inc. defended a failed bid for Carrefour SA and said they would still like to buy the French grocer some day, but will turn their focus to other potential deals. Meanwhile, Canada’s economy will start 2021 with a short-lived contraction, but that’s not expected to derail the nation’s recovery over the next couple of years.
Commodities
* Western Canadian Select crude oil traded at a $10.65 discount to West Texas Intermediate
* Spot gold rose o.7% to $1,841.26 an ounce
FX/Bonds
* The Canadian dollar fell 0.1% to C$1.2747 per U.S. dollar
* The 10-year Canada government bond yield fell slightly to 0.807%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite rose 0.2 percent at 17,944.88 in Toronto. The move follows the previous session’s decrease of 0.3 percent. Shopify Inc. contributed the most to the index gain, increasing 1.8 percent. Aurinia Pharmaceuticals Inc. had the largest increase, rising 6.2 percent. Today, 134 of 221 shares rose, while 81 fell; 10 of 11 sectors were higher, led by information technology stocks.
Insights
* The index advanced 2.2 percent in the past 52 weeks. The MSCI
AC Americas Index gained 15 percent in the same period
* The S&P/TSX Composite is 0.6 percent below its 52-week high on
Jan. 8, 2021 and 60.6 percent above its low on March 23, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 2.3 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 26.3 on a trailing basis and 17.2 times estimated earnings of
its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility little changed to 8.23 percent compared with 8.23 percent in the previous session and the
average of 8.76 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Information Technology | 28.7370| 1.6| 9/1
Financials | 22.9108| 0.4| 23/2
Materials | 9.7070| 0.4| 30/19
Industrials | 4.0838| 0.2| 16/13
Health Care | 3.1850| 1.2| 7/2
Real Estate | 2.5040| 0.5| 21/5
Consumer Discretionary | 2.0749| 0.3| 9/4
Utilities | 1.9169| 0.2| 9/6
Communication Services | 0.9252| 0.1| 2/4
Consumer Staples | 0.8211| 0.1| 6/5
Energy | -41.0147| -1.9| 2/20
US
ALL US MARKETS CLOSEED IN OBSERVANCE OF MARTIN LUTHER KING DAY.

Have a great night.

Be magnificent!
As ever,

Carolann

Injustice anywhere is a threat to justice everywhere.
                     -Martin Luther King Jr., 1929-1968

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