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Good morning! Here’s your market report wrapping up on last week. Long-term government bond yields rose significantly on the Friday. The rise in yields came amid optimism of a swift global economic recovery, particularly as the new U.S. stimulus package was passed into law. Tech stocks were impacted, as measured by a decline in the NASDAQ Composite Index. The S&P 500 Index and Dow Jones Industrial Average both reached new record closes, benefitting from the shift to value s...tocks. In Canada, yields got a lift from the stronger-than-expected jobs report. The S&P/TSX Composite Index advanced to another record, led by the Utilities sector. Strong job growth in February Canada’s unemployment rate fell to 8.2% in February, down from the 9.4% rate in January. This was well below the 9.2% rate expected by economists and marked the lowest unemployment rate since March 2020, just as the pandemic began disrupting business activity. The decline was largely in response to strong hiring activity, as the economy added 259,000 jobs during the month, well above economists’ expectations of 75,000 job additions. The increase in jobs was across both full- and part-time employment. Have a safe and productive week!

Good morning, North American equity markets finished mixed wrapping up the trading week on the 26th. In the U.S., tech stocks rebounded strongly as yields of long-term bonds pulled back. The NASDAQ Composite Index advanced. Meanwhile, the S&P 500 Index and the Dow Jones Industrial Average dropped, due in part to weakness in the Financials sector. The sector declined, largely due to shrinking yields at the long end of the curve.... In Canada, the S&P/TSX Composite Index was dragged lower by the Energy and Materials sectors. Both sectors dropped amid falling commodity prices on the day. U.S. personal income and spending rise Personal income in the U.S. rose 10.0% in January, beating the 9.5% increase expected by markets, based on a survey of economists by Bloomberg. This follows a 0.6% increase in December, and was the sharpest increase since April. Income was buoyed by rising government benefits, particularly pandemic-related support payments from the U.S. government. Meanwhile, personal spending rose 2.4% in January, reversing two straight monthly declines. This was slightly below the 2.5% increase expected by economists. It appears that inflation is on the move once again. Have a safe and productive week!

Good afternoon and happy Monday! Here are the news and market highlights rounding out last week. North American equity markets advanced to record highs to close out the week. Investors were optimistic the lacklustre jobs report would convince the U.S. federal government that the proposed US$1.9 trillion stimulus package is vital. Meanwhile, a budget resolution was passed which may allow only Senate Democrats to vote to pass the stimulus bill.... The S&P/TSX Composite Index ended at its highest price ever, boosted by the strength of the Materials sector. In the U.S., the S&P 500 Index and NASDAQ Composite Index both reached their second consecutive record closing price. The Canadian economy lost 212,800 jobs in January, much more than the 40,000 job losses expected by economists. This is the second straight month of job losses, after losing 52,700 jobs in the previous month. This marks the biggest drop in jobs since April. The losses came amid further lockdowns, which weighed on jobs in the food services and retail trade industries. The job losses were concentrated in part-time work. The Canadian unemployment rate increased to 9.4% in January, from 8.8% in the previous month. Have a safe and prosperous week!

Good morning and happy Monday! North American equity markets tumbled on January 29, while global equities also posted a marked decline. Stocks came under pressure amid investors’ concerns over wide swings in certain retail stocks, such as GameStop Corp., which could create volatility in other areas of the market. With day traders propping up these stocks, it is believed that hedge funds and large institutional investors that are shorting these stocks may need to reduce their ...equity holdings to meet margin requirements. Losses were widespread across all sectors on the S&P/TSX Composite Index, which dropped 1.8% on the day. It was no different in the U.S., where the S&P 500 Index posted a substantial decline. Economy grows at sharper pace Gross domestic product in Canada expanded 0.7% in November, exceeding market expectations of a 0.4% increase, based on a survey of economists by Bloomberg. This followed a 0.4% rise in the previous month and was the seventh consecutive monthly increase. Significant contributions to growth came from a rise in output from the goods- and services-producing industries. Year over year, Canada’s economy shrank 2.8%, above economists’ expectations of a 3.2% decline. Statistics Canada expects economic growth in Canada to slow to 0.4% in December, amid new lockdown restrictions in response to the pandemic. Have a prosperous week and stay safe!

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Here’s a short article by the Chicago Tribune on what happened with Game Stop and it’s pretty interesting.

Good morning! Here’s your report wrapping up last week. U.S. stocks closed lower at the end of last week, following several days of reaching new highs. Discouraging news regarding the ongoing spread of COVID-19, the effectiveness of vaccines and possible challenges to proposed spending legislation in the United States Congress dampened investor sentiment. White House health advisor Dr. Anthony Fauci announced that current COVID-19 vaccines may not be as effective against so...me of the newer, more contagious strains of the coronavirus. However, he added that the vaccines still likely provide enough protection against COVID-19 and its variants to be worth getting. European stocks declined for the second straight day Friday, due in part to weaker-than-expected economic activity reported in the euro-area. Record U.S. factory production exceeds expectations Manufacturing in the U.S. has increased significantly in January, according to the IHS Markit Manufacturing Purchasing Managers’ Index (PMI). The index jumped to 59.1 from 58.3 in December 2020, outperforming economists’ forecasts of 56.5. A reading above 50 indicates expansion, while a reading under 50 indicates contraction. Have a safe and productive week!

Three important dates to keep in mind regarding TFSAs RSPs and Tax season to start off 2021 right.

Happy New Year and wishing everyone a safe and prosperous 2021. I want to thank my clients and everyone who follows my page for all your support in 2020 and know that 2021 will be a great year for us all. Cheers!

Good morning! U.S. stocks increased to all-time highs on Friday, on expectations that disappointing U.S. job numbers would lead to a political agreement on federal stimulus. All major U.S. equity indices, including the S&P 500 Index and the Dow Jones Industrial Average, surpassed their previous closing records. In the U.S. Congress, both parties signaled that lacklustre employment growth could provide an impetus for bipartisan legislation to boost the U.S. economy.... Canada’s S&P/TSX Composite Index also made gains on the day, led by the Energy and Financials sectors. Canadian job market outperforms, U.S. falls short The Canadian economy created approximately 62,000 new jobs in November, according to Statistics Canada, easily beating expectations of a 20,000 gain (based on a survey of analysts by Reuters). However, Canada’s jobs increase was the lowest level reported since the beginning of the country’s economic recovery six months ago. The U.S. added approximately 245,000 new jobs for the same time period, well below expectations of a 469,000 gain (based on a poll of economists by Reuters). As previously mentioned, these disappointing U.S. jobs numbers led to a renewed push for financial relief and stimulus legislation. Have a great week!

Good morning! Here’s you’re market summary wrapping up last week: North American equity markets rose on November 27, some reaching records amid a light trading day after U.S. Thanksgiving on Thursday.... Investor sentiment was positive on the day, owing to hope a potential new vaccine and its distribution across the world will help lift business activity. The S&P 500 Index and NASDAQ Composite Index both advanced to record-high closing prices. In Canada, the S&P/TSX Composite Index finished higher, benefiting from the strength of the Health Care sector. Consumer sentiment drops again Consumer confidence across Europe dropped in November, as a rise in COVID-19 cases, which resulted in fresh restrictions, weighed on sentiment. The consumer sentiment reading fell to -17.6 in November, from -15.5. This is the lowest reading since May 2020. Consumers expressed their concern about expectations for the economy, along with their own personal financial situation. Have a great day and stay safe!

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Hi everyone, Here’s your market report wrapping up last week! North American equity markets swung between gains and losses for much of the day, and ended mixed.... Uncertainty over a U.S. stimulus package weighed on sentiment once again. While the White House Chief of Staff was optimistic about striking a new deal, the U.S. Treasury Secretary and House Speaker expressed their doubts. The S&P 500 Index finished higher, led by the Communication Services sector. The Dow Jones Industrial Average posted a small loss. In Canada, the S&P/TSX Composite Index advanced, with Information Technology being the best-performing sector on the day. U.S. manufacturing posts slight gain According to a flash estimate by the IHS Markit U.S. Manufacturing Purchasing Managers Index, the U.S. manufacturing sector posted a small improvement in October. The reading of the index was 53.3 in October, below market expectations of a 53.5 reading, based on a survey of economists by Bloomberg. It was, however, a slight rise from 53.2 the previous week. This is the strongest rate of expansion since the beginning of 2019. A rise in new orders, particularly from domestic orders, contributed to the increase. European services sector declines The services sector in Europe fell further into contraction territory in October, according to a preliminary estimate from the IHS Markit Eurozone Services Purchasing Managers Index. The reading of the index was 46.2 in October, down from 48.0 in the previous month. It also missed economists’ expectations of a reading of 47.0. Weighing on the services sector has been a rise in COVID-19 cases, which has resulted in more restrictions in some areas of the continent. U.K. retail sales rise Retail sales in the U.K. rose by 1.5% in September, outpacing the 0.2% increase expected by economists, marking the fifth straight month of gains. This uptick in retail sales exceeds the 0.9% increase in August. Sales for food, household goods and garden items contributed to the increase. Retail sales have rebounded strongly following the COVID-19 lockdowns; sales are now 5.5% higher than the pre-pandemic level reached in February. Have a safe and productive week!

Sorry I missed Monday’s update. Here’s a recap of yesterday. North American equity markets finished lower on October 21. Equities fluctuated for much of the day, before turning negative late after the U.S. government signaled a new stimulus package is unlikely before the election.... Also weighing on sentiment was a rise in cases of COVID-19, particularly in the state of New York, which recorded over 2,000 new cases for the first time since May. The S&P 500 Index declined, as did the Dow Jones Industrial Average and NASDAQ Composite Index. In Canada, the energy sector was negatively impacted by a drop in oil prices after the American Petroleum Institute reported an unexpected rise in U.S. crude oil reserves. The S&P/TSX Composite Index declined on the day.

Good morning! Noah Blackstein shares his thoughts on the markets, fund positioning, and where he sees opportunities going forward. Listen now on Apple and Spotify!... Apple awbs://podcasts.apple.com/ca/podcast/on-the-money/id1527124565 Spotify awbs://open.spotify.com/show/2cGWrjB8XkDLeqbwitS2cO

Noah Blackstein does these great podcast updates. Available on Spotify and Apple but for my Dynamic Clients this is a great way to catch up on his take on Market. Check it out! Apple awbs://podcasts.apple.com/ca/podcast/on-the-money/id1527124565

HOPE House is running its first Winter Clothing Market in partnership with Children's Foundation of Guelph and Wellington We will be accepting donations from O...ctober 5, 2020 to October 15, 2020. Donation of Winter clothing (hats, scarves, gloves, mittens, boots, and jacket) will be accepted at our office, 10 Cork Street. The free market will be running from October 19, 2020 to October 29, 2020. Registration is mandatory and individuals can sign up at this link https://lakesidehopehouse.ca/winterclothingmarket