July 3, 2015 Newsletter
Dear Friends,
Tangents:
Carolann is out of the office, I will be writing the newsletter on her behalf.
PHOTOS OF THE DAY
Mass lightning bolts light up night skies by Daggett airport from monsoon storms passing over the high deserts early Wednesday, north of Barstow, California. Gene Blevins/Reuters
A pink flamingo shakes its wings during a hot summer day at the zoo of Wuppertal, Germany, Thursday. Wolfgang Rattay/Reuters
Market Closes for July 3 , 2015
| Market
Index |
Close | Change |
| Dow
Jones |
17730.11 | CLOSED |
| S&P 500 | 2076.78
|
CLOSED |
| NASDAQ | 5009.215
|
CLOSED |
| TSX | 14650.60 | +12.61
|
| +0.9% |
International Markets
| Market
Index |
Close | Change |
| NIKKEI | 20539.79 | +17.29 |
| +0.8% |
||
| HANG
SENG |
26064.11 | -218.21 |
| -0.83% |
||
| SENSEX | 28092.79 | +146.99 |
| +0.53% |
||
| FTSE 100 | 6585.78 | -44.69 |
| -0.67% |
Bonds
| Bonds | % Yield | Previous % Yield |
| CND.
10 Year Bond |
1.697 | 1.739 |
| CND.
30 Year Bond |
2.344 | 2.371 |
| U.S.
10 Year Bond |
2.3823 | 2.3841 |
| U.S.
30 Year Bond |
3.1865 | 3.1882 |
Currencies
| BOC Close | Today | Previous |
| Canadian $ | 0.79566 | 0.79725 |
| US
$ |
1.25698 | 1.25431 |
| Euro Rate
1 Euro= |
Inverse | |
| Canadian $ | 1.39469 | 0.71701 |
| US
$ |
1.10956 | 0.90123 |
Commodities
| Gold | Close | Previous |
| London Gold
Fix |
1167.95 | 1165.25 |
| Oil | Close | Previous |
| WTI Crude Future | 56.93 | 58.33 |
Market Commentary:
Canada
By Eric Lam
(Bloomberg) — Canadian stocks rose, paring a weekly loss in the final minutes of trading, as gains for metal companies and banks offset a decline in energy producers ahead of a crucial referendum in Greece Sunday.
Potash Corp. of Saskatchewan Inc. gained 1 percent as the fertilizer producer seeks to meet with management of K+S AG after the German company rejected its takeover offer. Barrick Gold Corp. and Goldcorp Inc. increased at least 0.9 percent as the price of gold traded higher in London. Bonterra Energy Corp. and Bellatrix Exploration Ltd. retreated at least 3.4 percent as energy producers declined.
The Standard & Poor’s/TSX Composite Index rose 44.40 points, or 0.3 percent, to 14,682.39 at 4 p.m. in Toronto. The benchmark Canadian equity gauge dropped 0.9 percent in a shortened trading week after a holiday Wednesday. U.S. markets are closed for the Independence Day holiday.
Alamos Gold Inc. rose 3.1 percent and Agnico Eagle Mines Ltd. rallied 1.6 percent as raw-materials producers increased 0.9 percent as a group. Toronto-Dominion Bank and Royal Bank of Canada, the nation’s largest lenders, led a 0.5 percent increase in financial services stocks.
Potash Corp. added 1 percent for a third straight advance.K+S’s suggestion that it’s worth at least 50 euros a share in atakeover bid is unwarranted, according to people familiar with the Canadian fertilizer maker.
Eight of 10 industries in the gauge advanced on trading volume 70 percent lower than the 30-day average today.
Enbridge Inc. lost 0.6 percent and TransCanada Corp. declined 0.4 percent as energy producers fell 0.3 percent as a group for a 1.8 percent weekly drop. Oil futures in New York fell 4.5 percent this week, capping the biggest weekly decline since March.
European stocks extended declines after Greek Prime Minister Alexis Tsipras said the country needs a 30 percent debt so-called haircut. The Stoxx Europe 600 Index slid 0.5 percent, for its worst week since December.
US
Market is Closed Today.
Have a wonderful evening everyone.
Be magnificent!
Since we cannot change reality,
let us change the eyes which see reality.
As ever,
Leyla
“It will never rain roses:
when we want to have more roses, we must plant more roses.”
― George Eliot
Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Senior Portfolio Manager &
Senior Vice-President
Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7