January 9, 2025, Newsletter

Dear Friends,

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

January 9, 1493: Christopher Columbus mistakes manatees for mermaids, describing them as “not half as beautiful as they are painted”
January 9, 1799: British Prime Minister William Pitt the Younger introduces income tax to raise funds for the war against Napoleon
January 9, 1847: 1st San Francisco newspaper published (California Star)
January, 2007: Steven P. Jobs introduced Apple’s long-awaited entry into the cellphone world, the iPhone. Go to article

800-mile-long ‘DUNE’ experiment could reveal the hidden dimensions of the universe
A new underground facility called DUNE, which will accelerate particles for 800 miles between Illinois and South Dakota, could reveal the hidden dimensions of the universe, new research suggests. Read more.

Now is the best time to see Mars until 2027: How to spot the Red Planet ‘at opposition’
As Mars approaches opposition this month, it will become a dazzling spectacle in the night sky. See it at its best now, or wait until 2027. Read more.

A ‘planetary parade’ will dance across the sky on Jan. 21 — but that’s not the best night to see it
Worlds will align for a “planetary parade” in January, with four bright and easily visible to the naked eye. But an even better view arrives in February and March. Here’s what you need to know. Read more.

2,700-year-old archaeological site in Jordan may be a biblical place visited by King David
Researchers think they have identified a biblical site known as Mahanaim, along with a residence that may have been used by the kings of Israel. Read more.

NASA and Japan launch world’s 1st wooden satellite into orbit. Here’s why it could help solve a huge problem for our planet.
NASA and Japan’s space agency (JAXA) have officially launched the world’s first wooden satellite into Earth orbit. The magnolia wood LignoSat is an attempt to make space junk biodegradable, potentially solving the growing problem of orbital debris. Read more.

“Jimmy Carter, with humble roots as a farmer and family man, devoted his life to public service and defending our freedom,” Lynn Martin, President of NYSE Group said in a news release.

State funeral of President Jimmy Carter

PHOTOS OF THE DAY

Strensham, UK
Horses in the mist at Sam Drinkwater’s Granary Stables in Worcestershire
Photograph: David Davies/PA

Kingussie, Scotland
A red squirrel peeps out from behind a snow bank in Inverness-shire
Photograph: Jane Hobson/Rex/Shutterstock

Luxor, Egypt
Tourists are helped into the basket of a hot air balloon before flying above the west bank of the Nile river in Egypt’s southern city
Photograph: Khaled Desouki/AFP/Getty Images
Market Closes for January 9, 2025

International Markets

Bonds

Currencies

Commodities

Market Commentary:

Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite advanced slightly to 25,073.36 in Toronto.
Agnico Eagle Mines Ltd. contributed the most to the index gain, increasing 1.5%.
Lundin Gold Inc. had the largest increase, rising 5.9%.
Today, 127 of 223 shares rose, while 91 fell; 5 of 11 sectors were higher, led by materials stocks.
Insights
* So far this week, the index was unchanged
* 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 3% below its 52-week high on Dec. 9, 2024 and 22.5% above its low on Feb. 13, 2024
* The S&P/TSX Composite is up 0.7% in the past 5 days and fell 2.2% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 20.7 on a trailing basis and 17.3 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 little changed to 10.19% compared with 10.19% in the previous session and the average of 9.53% over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | 44.0927| 1.5| 46/5
Information Technology | 3.4674| 0.1| 4/6
Financials | 2.6349| 0.0| 16/10
Health Care | 0.8876| 1.2| 3/0
Real Estate | 0.5805| 0.1| 9/10
Consumer Staples | -0.4198| 0.0| 5/5
Consumer Discretionary | -1.5411| -0.2| 4/7
Energy | -1.5799| 0.0| 27/13
Communication Services | -3.9246| -0.7| 0/5
Utilities | -5.0990| -0.5| 1/14
Industrials | -17.4273| -0.6| 12/16
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
Agnico Eagle Mines Ltd | 6.2860| 1.5| -57.4| 8.3
CIBC | 4.8950| 0.8| -67.1| 0.7
Teck Resources | 4.8830| 2.6| -32.7| 5.0
Enbridge | -4.7280| -0.5| -50.0| 3.2
RBC | -5.3510| -0.3| -61.7| 0.7
Canadian Pacific Kansas | -7.4510| -1.0| -70.2| 4.2
US
US stock market closed for Carter’s day of mourning.

Have a lovely evening.

Be magnificent!
As ever,

Shab
“There is nothing so easy to learn as experience and nothing so hard to apply.”– Josh Billings

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