July 4, 2023 Newsletter

Dear Friends,

Tangents:

Carolann is away from the office today, I will be writing the newsletter on her behalf.

On this day, 1971 Rock singer Jim Morrison of The Doors died in Paris at age 27.Go to article  

Maya canoe surrounded by animal and human bones found in ‘portal to the underworld’ in Mexico. A wooden canoe found in an underwater cave in Mexico was likely used as part of a Maya ritual. Read More

How to see the moon in conjunction with 5 planets this month. In early July, our natural satellite will appear close to Mars, Saturn, Jupiter, Venus and Mercury. Read More 

PHOTOS OF THE DAY

The Temple of Poseidon near Athens, Greece, in front of the buck supermoon

Photograph: Alkis Konstantinidis/Reuters

Stockholm, Sweden

Parintins, Brazil

Artists of Boi Caprichoso Association perform during the annual folklore festival known as Boi Bumba at Bumbódromo, an island on the Amazon. Boi Bumba is considered the biggest outdoor opera, which is performed by two competing sides, the Garantido (in red) and Caprichoso (in blue)

Photograph: Michael Dantas/AFP/Getty Images

1st place in the ocean worlds category. Los Islotes, Espiritu Santo national park, Mexico, 2022

California sea lions enjoy protected status in Espiritu Santo national park in Mexico. The region is a no-fishing zone, which provides them with an environment rich in food, while limiting human activity benefits the stability of their population. The one threat that does remain is the climate crisis

Photograph: Simon Biddie

Market Closes for July 4^th, 2023

International Markets

Bonds

Currencies

Commodities

Market Commentary:

Canada

By Bloomberg Automation

(Bloomberg) — The S&P/TSX Composite rose for the sixth day, climbing 0.2%, or 49.58 to 20,204.87 in Toronto. The index advanced to the highest closing level since May 19. Toronto-Dominion Bank contributed the most to the index gain, increasing 1.5%. Tilray Brands Inc. had the largest increase, rising 11.2%.

Today, 149 of 229 shares rose, while 75 fell; 8 of 11 sectors were higher, led by materials stocks.

Insights

* The index advanced 7.1% in the past 52 weeks. The MSCI AC Americas Index gained 16% in the same period

* The S&P/TSX Composite is 3.1% below its 52-week high on Feb. 2, 2023 and 13% above its low on Oct. 13, 2022

* The S&P/TSX Composite is up 3.2% in the past 5 days and rose 0.9% in the past 30 days

* S&P/TSX Composite is trading at a price-to-earnings ratio of 13.2 on a trailing basis and 14 times estimated earnings of its members for the coming year

* The index’s dividend yield is 3.4% on a trailing 12-month basis

* S&P/TSX Composite’s members have a total market capitalization of C$3.19t

* 30-day price volatility fell to 11.47% compared with 11.84% in the previous session and the average of 11.65% over the past month

================================================================

|Index Points | |Sector Name | Move | % Change | Adv/Dec

================================================================

Materials | 20.8968| 0.9| 38/12

Energy | 13.1443| 0.4| 34/6

Financials | 9.0832| 0.1| 20/8

Real Estate | 3.8461| 0.8| 18/3

Communication Services | 3.0695| 0.4| 3/2

Utilities | 2.5988| 0.3| 11/5

Information Technology | 1.6187| 0.1| 4/7

Health Care | 0.7677| 1.5| 1/2

Consumer Discretionary | -0.8526| -0.1| 7/7

Consumer Staples | -2.0556| -0.2| 5/6

Industrials | -2.5336| -0.1| 8/17

================================================================

| | |Volume VS || Index | | 20D AVG |YTD Change Top Contributors |Points Move| % Change | (%) | (%)

================================================================

TD Bank | 15.7500| 1.5| 30.4| -4.9

Shopify | 5.7890| 0.8| -81.7| 83.6

Canadian Pacific | | | |

Kansas | 5.4700| 0.8| -75.6| 6.8

Intact Financial | -2.4640| -1.0| -69.1| 3.9

Waste Connections | -4.4680| -1.3| -78.7| 4.1

Brookfield Corp | -4.8840| -1.1| -73.6| 3.6

* The benchmark 10-year bond fell and the yield rose 4.8 basis points to 3.318%

* The S&P 500 Index advanced 0.1% in the previous session

US

US market closed for 4^th of July.

Have a lovely evening.

Be magnificent!

As ever,

Isabel

Well done is better than well said. Benjamin Franklin, 1706-1790

Assistant to Carolann Steinhoff, Registered Representative

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