November 26, 2020 Newsletter

Dear Friends,

Tangents:
John Harvard, Harvard University founder, b. 1607.
Charles M. Shultz, creator of Peanuts, b. 1922.
Tina Turner, singer, b. 1938

2000 Florida Secretary of State Katherine Harris certified Republican George W. Bush the winner over Democrat Al Gore in the state’s presidential balloting by 537 votes.  Go to article »

Travel, virtually: Tour 52 places around the world. Admire some abstract architecture. And foster the spirit of travel at home. –NY Times.

Be one with your couch: Marathon the 50 best movies on Netflix right now. Or you could host a virtual game night. –NY Times.

Be sentimental: Peruse a greatest hits list of Modern Love essays — just be sure to have some tissues handy.    There’s also no shortage of holiday-inspired movies and TV shows to watch.-NY Times.

From the late-night hosts:
“Seriously, there’s a name from the past. Even Michael Flynn was like, ‘Damn, I totally forgot about Michael Flynn.’” — JIMMY FALLON

“Actually, it does turn out that the brief they give Biden is a little different than the one they give Trump. I’ll show you what I mean. For instance, Biden’s brief says, ‘Iran building nuclear arsenal,’ while Trump’s brief says, ‘Iran make big fireworks that go boom-boom.’” — JIMMY FALLON

“And finally, Biden’s brief says, ‘Canada extends border restrictions with U.S.,’ while Trump’s says, ‘Americans betrayed by Beliebers.’” — JIMMY FALLON

PHOTOS OF THE DAY

Refugee Settlement Sudan, Mrs Tsegay, mother of six, is stands on the banks of the Tekeze River as she awaits the arrival of her relatives. An umbrella protects her and her youngest child from the sun.
CREDIT: JOOST BASTMEIJER FOR THE TELEGRAPH

An elderly couple, Rod and May Proctor,  have spent the last month transforming their home into a real life Candy Lane for Christmas – featuring a brilliant light parade and a sweet shop. Couple in their 70s have transformed their house into a candy themed light parade for Christmas while isolating due to coronavirus.
CREDIT: ALEX COUSINS/SWNS 

People can get in the festive spirit with a magical interactive light experience at a British safari park this Christmas. Land of Light features 72,000 LED lights that have been used to create 17 illuminated scenes on a 2km route at Longleat in Wiltshire.
CREDIT: ZACHARYCULPIN/BNPS

Market Closes for November 26^th, 2020 

International Markets

Bonds

Currencies

Commodities

Market Commentary:
If you spend more than 14 minutes a year worrying about the markets, you’ve wasted 12 minutes. -Peter Lynch, Fidelity Investments.

Canada
By Aoyon Ashraf
(Bloomberg) — Canadian shares eked out gains with lighter than usual trading volume amid the Thanksgiving holiday in the U.S. The S&P/TSX Composite index rose 0.2% in Toronto on Thursday. Health care stocks outperformed, led by gains in cannabis firms. In contrast, industrial companies and financial firms underperformed the benchmark. Score Media & Gaming Inc. rallied after Canada’s Justice Minister David Lametti unveiled proposed legislation to legalize single-event sports betting. And as Covid-19 cases surge across Canada, Bank of Montreal and Canadian Imperial Bank of Commerce are extending work-from- home plans for some employees by at least four months.
Commodities
* Western Canada Select crude oil traded at a $11.20 discount to West Texas Intermediate, as of yesterday
* Spot gold was up 0.5% to $1,815.71 an ounce
FX/Bonds
* The Canadian dollar slipped 0.1% to C$1.3019 per U.S. dollar
* The 10-year government bond yield fell to 0.687%
–With assistance from Robert Tuttle.
By Bloomberg Automation:
(Bloomberg) — The S&P/TSX Composite rose for the sixth day, climbing 0.2 percent, or 38.27 to 17,351.34 in Toronto. The index advanced to the highest closing level since Feb. 24. Shopify Inc. contributed the most to the index gain, increasing 1.5 percent. Trillium Therapeutics Inc. had the largest increase, rising 6.9 percent. Today, 137 of 222 shares rose, while 82 fell; 7 of 11 sectors were higher, led by materials stocks.
Insights
* So far this week, the index rose 2 percent
* This month, the index rose 11 percent, heading for the biggest advance in at least 10 years
* This year, the index rose 1.7 percent, heading for the best year since 2019
* The index advanced 1.9 percent in the past 52 weeks. The MSCI AC Americas Index gained 16 percent in the same period
* The S&P/TSX Composite is 3.4 percent below its 52-week high on Feb. 20, 2020 and 55.3 percent above its low on March 23, 2020
* The S&P/TSX Composite is up 2.6 percent in the past 5 days and rose 7.9 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 27 on a trailing basis and 23.5 times estimated earnings of its members for the coming year
* The index’s dividend yield is 3 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.65t
* 30-day price volatility fell to 15.31 percent compared with 15.40 percent in the previous session and the average of 15.21 percent over the past month

================================================================
|Index Points | | Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | 28.0303| 1.2| 44/8
Information Technology | 20.3302| 1.2| 8/2
Real Estate | 4.7940| 0.9| 22/4
Health Care | 2.8994| 1.4| 9/1
Utilities | 2.0621| 0.2| 10/5
Consumer Staples | 0.8724| 0.1| 8/3
Consumer Discretionary | 0.0710| 0.0| 6/7
Communication Services | -0.2671| 0.0| 5/2
Energy | -3.5571| -0.2| 4/19
Industrials | -7.4084| -0.3| 10/16
Financials | -9.5484| -0.2| 11/15

US
US markets are closed for Thanksgiving Day.

Have a great night.

Be magnificent!
As ever,

Carolann

Reputation is what other people know about you.  Honor is what you know about yourself.
                                                                                 -Lois McMaster Bujold, b. 1949

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