January 20, 2025, Newsletter

Dear Friends,

Tangents: Happy Monday!
Carolann is away from the office; I will be writing the newsletter on her behalf.

Martin Luther King Jr. Day

January 20, 1503: Casa de Contratación (House of Trade) established by the Crown of Castile in the port of Seville to deal with American affairs
January 20, 1869: Elizabeth Cady Stanton becomes 1st woman to testify before US Congress
January 20, 1937: 1st US Presidential Inauguration day held on Jan 20th, (previously March 4th)
January 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

An interstellar visitor may have changed the course of 4 solar system planets, study suggests
An object eight times the mass of Jupiter may have swooped around the sun, coming superclose to Mars’ present-day orbit before shoving four of the solar system’s planets onto a different course.

Giant ice age landforms discovered deep beneath North Sea revealed in amazing detail
New images from the North Sea show never-before-seen landforms that were carved by a single, colossal ice sheet 1 million years ago and subsequently buried beneath a thick layer of mud

‘ELIZA,’ the world’s 1st chatbot, was just resurrected from 60-year-old computer code
Researchers discovered long-lost computer code and used it to resurrect the early chatbot ELIZA.

Cell phone captures underwater surprise
A tourist visiting Tulum, Mexico, accidentally dropped her phone into one of the region’s popular cenotes. What her phone’s camera captured next turned out to be a viral hit.

Roman emperor quiz: Test your knowledge on the rulers of the ancient empire
The Roman emperors were once the most famous people in the world, ruling over an empire that stretched between what are now Spain and the Middle East. But just how much do you know about these characters? Take our quiz to find out.

PHOTOS OF THE DAY

Nansha, China
Colourful lantern displays are illuminated for the 2025 Greater Bay Area lantern festival
Photograph: VCG/Getty Images

Tokyo, Japan
An immersive digital artwork at the teamLab Planets Tokyo museum
Photograph: Franck Robichon/EPA

​​​​​​​Wengen, Switzerland
Ryan Cochran-Siegle of the US in action during the men’s downhill race at the FIS Alpine Skiing World Cup
Photograph: Jean-Christophe Bott/EPA
Market Closes for January 20, 2025

International Markets

Bonds

Currencies

Commodities

Market Commentary:

Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite rose for the fifth day, climbing 0.4%, or 103.66 to 25,171.58 in Toronto.
The index advanced to the highest closing level since Dec. 13.
Canadian Natural Resources Ltd. contributed the most to the index gain, increasing 4.4%.
Bombardier Inc. had the largest increase, rising 7.2%.
Today, 165 of 222 shares rose, while 54 fell; 7 of 11 sectors were higher, led by energy stocks.
Insights
* This month, the index rose 1.8%
* The index advanced 20% in the past 52 weeks. The MSCI AC Americas Index gained 23% in the same period
* The S&P/TSX Composite is 2.6% below its 52-week high on Dec. 9, 2024 and 23% above its low on Feb. 13, 2024
* The S&P/TSX Composite is up 2.6% in the past 5 days and rose 2.3% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 20.8 on a trailing basis and 17.4 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.8% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.95t
* 30-day price volatility rose to 11.72% compared with 11.65% in the previous session and the average of 10.70% over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Energy | 54.4690| 1.2| 35/7
Materials | 35.0308| 1.2| 43/7
Industrials | 23.8103| 0.8| 22/6
Consumer Discretionary | 4.1810| 0.5| 10/1
Communication Services | 3.5787| 0.6| 4/1
Real Estate | 2.2872| 0.5| 16/4
Health Care | 0.5955| 0.8| 3/0
Consumer Staples | -0.7035| -0.1| 5/5
Utilities | -1.1864| -0.1| 6/8
Information Technology | -3.9781| -0.2| 5/5
Financials | -14.4171| -0.2| 16/10
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
Canadian Natural Resources | 28.9700| 4.4| -45.1| 5.8
Canadian Pacific Kansas | 11.1800| 1.6| -50.0| 5.7
Suncor | 6.3400| 1.3| -79.6| 11.4
Enbridge | -6.8650| -0.7| -74.9| 4.8
Brookfield Corp | -7.1320| -0.8| -78.9| 1.0
TD Bank | -9.4290| -0.9| -81.4| 7.6
US
US stock market closed for federal holiday honoring Martin Luther King Jr. Day.

Have a lovely evening.

Be magnificent!
As ever,

Shab
” No object is mysterious. The mystery is your eye.”– Elizabeth Bowen

Shab Mohammadpour

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

Tel: 778.430.5808
Toll Free: 1.877.430.5895
Fax: 778.430.5828
www.carolannsteinhoff.com