May 27, 2019 Newsletters

May 27, 2019

Dear Friends,

Tangents:
1937 – Golden Gate Bridge Opened, San Francisco.
1930 – Scotch tape patented.
Rachel Carson, writer, b. 1907.

1999 – Julie Payette joins Shuttle mission; first Canadian to board the Intl. Space Station.
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PHOTOS OF THE DAY

People attend a yoga class during a meeting organised by the YSYoga System community in the Samalayuca Fields in the municipality of Juarez, Chihuahua State, Mexico.
CREDIT: HERIKA MARTINEZ/AFP/GETTY IMAGES

People attend the float out ceremony of the nuclear-powered icebreaker “Ural” at the Baltic shipyard in Saint Petersburg. “ Ural”, the second serial universal nuclear-powered icebreaker of the project 22220, is 173.3 meters long, 34 meters wide, 52 meters high, and 33.54 thousand tons displacement.
CREDIT: OLGA MALTSEVA/ AFP / GETTY IMAGES

A young woman dressed up in traditional attire takes part in an audition organised by the Indoni Culture School in the South African city of Durban, on the occasion of Africa Month, a month that sees Africans on the continent showcasing the diaspora of cultural activities, film, music and food.
CREDIT:RAJESH JANTILAL/ AFP/ GETTY IMAGES
Market Closes for May 27^th, 2019

Market Index	Close	Change
Dow Jones	N/A	N/A

S&P 500	N/A	N/A

NASDAQ	N/A	N/A

TSX	16346.66	+116.62
		+0.72%

International Markets

Market Index	Close	Change
NIKKEI	21182.58	+65.36
		+0.31%
HANG SENG	27288.09	-65.84
		-0.24%
SENSEX	39683.29	+248.57
		+0.63%
FTSE 100*	N/A	N/A

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	1.598	1.613
CND. 30 Year Bond	1.851	1.866
U.S. 10 Year Bond	2.3202	2.3202
U.S. 30 Year Bond	2.7512	2.7521

Currencies

BOC Close	Today	Previous
Canadian $	0.74386	0.74439
US $	1.34434	1.34338

Euro Rate 1 Euro=		Inverse
Canadian $	1.50485	0.66452
US $	1.11934	0.89338

Commodities

Gold	Close	Previous
London Gold Fix	1282.50	1283.65

Oil
WTI Crude Future	58.43	58.43

Market Commentary:
Canada
By Michael Bellusci
(Bloomberg) — Canadian stocks closed higher to start the week amid holidays in the U.S. and the U.K. Crude rebounded as supply risks helped offset trade war concerns.
The S&P/TSX Composite Index added 0.7% to 16,346.66. Health care led all 11 sectors higher. Events on tap for investors this week include Bank of Nova Scotia’s second-quarter earnings Tuesday before the open, along with Husky Energy Inc.’s investor day in Toronto. Traders are also preparing for the Bank of Canada’s meeting Wednesday.
In other moves:
Stocks
* Eldorado Gold Corp. gained 12% after Greek election optimism
* MedMen Enterprises Inc. rose 5.1%, a leader among pot stocks
** Aphria Inc. advanced 4.6%
** Curaleaf Holdings Inc. gained 4.4%
* Largo Resources Ltd. dropped 8%, the most since March 28
* Enerflex Ltd. fell 1.5% after announcing the resignation of CFO James Harbilas
Commodities
* Western Canada Select crude oil traded at a $16.50 discount to WTI
* Gold rose 0.1% to about $1,289.90 an ounce
FX/Bonds
* The Canadian dollar was little changed at C$1.3445 per U.S. dollar
* The Canada 10-year government bond yield fell 1 basis point to 1.60%
US
US markets closed for Memorial Day.

Have a great night.

Be magnificent!
As ever,

Carolann

Rumor travels faster, but it don’t stay put as long as truth.

-Will Rogers, 1879-1935

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