January 20, 2020 Newsletter

Dear Friends,

Tangents:

On Jan. 20, 1981, Iran released 52 Americans held hostage for 444 days, minutes after the presidency had passed from Jimmy Carter to Ronald Reagan. Go to article »

The idea of getting older is daunting and intimidating and not that fun, really.  But recently I shifted to I have the privilege of getting older, and I really like that because it’s easy to spin off into the negative, as opposed to Aren’t we lucky?  That we’re here, that we get to get older.  I think it’s a lot easier to see yourself getting older if you’re happy in your life or if you’re doing meaningful work, and you are contributing to life in a way that makes you feel good about yourself. -Cindy Crawford.

PHOTOS OF THE DAY

The final of the Freestyle Skiing Men’s Ski Cross at the Winter Youth Olympics, Villars Winter Park, Villars-sur-Ollon, Switzerland.
CREDIT: REUTERS

Frozen fields around Poulakerry Tower House in Kilsheelan Co Tippary, Ireland.
CREDIT: PA/NIALL CARSON

A frosty start at RHS Wisley in Surrey, taken by a drone above the walled garden.
CREDIT: CHRIS GORMAN/RHS

Market Closes for January 20^th, 2020 

International Markets

Bonds

Currencies

Commodities

MARKET COMMENTRAY:
CANADA
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite rose for the sixth day, climbing 0.2 percent, or 38.37 to 17,597.39 in Toronto. Royal Bank of Canada contributed the most to the indexgain, increasing 0.5 percent. Bombardier Inc. had the largest increase, rising 8.9 percent. Today, 144 of 234 shares rose, while 85 fell; 9 of 11 sectors were higher, led by materials stocks.
Insights
* This month, the index rose 3.1 percent
* The index advanced 15 percent in the past 52 weeks. The MSCIAC Americas Index gained 24 percent in the same period
* The S&P/TSX Composite is 0.1 percent below its 52-week high on Jan. 20, 2020 and 16.2 percent above its low on Jan. 23, 2019
* The S&P/TSX Composite is up 1.8 percent in the past 5 days and rose 2.8 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 17.9 on a trailing basis and 15.5 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$2.7t
* 30-day price volatility fell to 4.36 percent compared with 4.51 percent in the previous session and the average of 4.81 percent over the past month

================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | 13.8652| 0.7| 35/11
Financials | 10.8031| 0.2| 18/9
Industrials | 6.2211| 0.3| 21/10
Information Technology | 2.9520| 0.3| 7/3
Energy | 2.5621| 0.1| 20/10
Consumer Staples | 1.7196| 0.3| 6/5
Consumer Discretionary | 1.2036| 0.2| 10/7
Utilities | 0.9724| 0.1| 8/6
Real Estate | 0.0000| 0.5| 11/14
Health Care | -0.0312| 0.0| 4/6
Communication Services | -1.8244| -0.2| 4/4

* The benchmark 10-year bond fell and the yield rose 0.4 basis points to 1.568 percent

US
MARKETS CLOSED FOR MARTIN LUTHER KING DAY.

Have a great night.

Be magnificent!
As ever,

Carolann

Life’ s most persistent and urgent question is, “What are you doing for others?”
                                                        -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