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Monthly Archives: April 2016

Odette Morin

How did the latest “Sell everything” strategy work out?

In my 28 year career in the investment industry, I had to reassure clients time and time again. Investors get really concerned when they hear Doom & Gloom predictions from well meaning friends or the media.
Time and time again I have to remind them to disregard market fluctuations. Good quality investments in a well balanced portfolio always recover. It is safer to stay the course.
Here is a fantastic article about would have happened if you would have followed the latest sell everything strategy that did its rounds earlier this year.
Terry Broaders

Weekly Update April 25 2016

“Compassion is an action word with no boundaries.” – Prince

 

We are busy doing your taxes.  Our weekly commentary will come back to you on May 6, 2016.  Here are this week’s market numbers.

Weekly Market Wrap Up as of April 22, 2016

North America
The TSX closed at 13874, up 237 points or 1.74% over the past week. YTD the TSX is up 6.82%.
The DOW closed at 18004, up 106 points or 0.59% over the past week. YTD the DOW is up 3.32%.
The S&P closed at 2092, up 11 points or 0.53% over the past week. YTD the S&P is up 2.35%.
The Nasdaq closed at 4906, down -32 points or -0.65% over the past week. YTD the Nasdaq is down -2.02%.
Gold closed at 1234, down -6.00 points or -0.16% over the past week. YTD gold is up 16.53%.
Oil closed at 43.75, up 3.35 points or 8.29% over the past week. YTD oil is up 18.08%.
The USD/CAD closed at 1.26705, down -0.0152 points or -1.19% over the past week. YTD the USD/CAD is down -8.43%.

Europe/Asia
The MSCI closed at 1691, up 19 points or 1.14% over the past week. YTD the MSCI is up 1.68%.
The Euro Stoxx 50 closed at 3141, up 87 points or 2.85% over the past week. YTD the Euro Stoxx 50 is down -3.89%.
The FTSE closed at 6310, down -34 points or -0.54% over the past week. YTD the FTSE is up 1.09%.
The CAC closed at 4570, up 75 points or 1.67% over the past week. YTD the CAC is down -1.44%.
DAX closed at 10374, up 322.00 points or 3.20% over the past week. YTD DAX is down -3.43%.
Nikkei closed at 17573, up 725.00 points or 4.30% over the past week. YTD Nikkei is down -7.68%.
The Shanghai closed at 2959, down -119.0000 points or -3.87% over the past week. YTD the Shanghai is down -16.39%.

 

Odette Morin
Terry Broaders

Weekly Update April 18 2016

“The Difference Between Death & Taxes Is Death Doesn’t Get Worse” – Will Rogers

 

North American Markets Close in the Red on Friday
North American markets closed slightly lower Friday in anticipation of the weekend’s meeting of OPEC countries that could culminate in an oil production freeze.  The Toronto Stock Exchange’s S&P/TSX composite index was down 31.09 points at 13,637.20. New York indexes were also in the red as the dip in oil prices dragged down energy companies. The Dow Jones industrial average slipped down 28.97 points to 17,897.46. The broader S&P 500 lost 2.05 points at 2,080.73 with energy stocks being the worst performer by far. The Nasdaq composite dipped by 7.67 points at 4,938.22.  The lacklustre closing figures reflect that little  noteworthy economic data was being released Friday.
Instead, the markets were waiting to react to news from Sunday’s meeting of some members of the Organization of the Petroleum Exporting Countries in Doha, Qatar. “Obviously all eyes are on the OPEC meeting this weekend and so there’s some caution,” Carlin said. Reports and rumours earlier in the week that a production freeze was imminent have been dying out, said Carlin, adding that the market views this as a potential risk, which pushed down oil prices slightly ahead of the gathering. The May contract for benchmark North America crude closed down $1.14 at US$40.36 a barrel on Friday, adding to losses of the two previous sessions after the commodity closed above US$42 on Tuesday for the first time since late November. This commodity-sensitive Canadian dollar turned slightly higher after two days of loses. It edged up 0.07 of a U.S. cent to 77.90 cents US. Earlier in the week, the loonie hit a nine-month high, reaching 78.38 cents US on Tuesday after a reported deal between Russia and Saudi Arabia to cut oil production sent energy prices higher.

 

Consumer Spending Up In First Quarter

Consumer spending in Canada grew by 6.24% in the first quarter of 2016 on a year-over-year basis, according to a report by Moneris Solutions Corporation. Following a flat period in 2014, Moneris has recorded six consecutive quarters of positive spending increases. All four quarters of 2015 saw growth of between 5% and 7%. Moneris’ findings this quarter are consistent with positive economic indicators released by Statistics Canada showing GDP growth in January along with an uptick in retail sales and employment increases in March.
Consumer spending rose by 5.89% in January, 9.03% in February and 4.42% in March, compared to the first three months of 2015. All provinces posted year-over-year increases during the quarter, with the exception of Alberta. Nova Scotia posted the largest increase (11.65%) followed by New Brunswick (10.40%).
The oil-producing provinces posted growth below the national average; spending in Alberta declined by 2.99% and Saskatchewan saw an increase of 1.08%.
Credit card spending increased by 8.36% over the first quarter of 2015, holding a 64.66% share of purchases made. Debit sales rose by 2.57%, representing a 35.34% share of total card spending.

 

Weekly Market Wrap Up as of March 18 2016

North America
The TSX closed at 13637, up 240 points or 1.79% over the past week. YTD the TSX is up 5.00%.
The DOW closed at 17898, up 321 points or 1.83% over the past week. YTD the DOW is up 2.71%.
The S&P closed at 2081, up 33 points or 1.61% over the past week. YTD the S&P is up 1.81%.
The Nasdaq closed at 4938, up 87 points or 1.79% over the past week. YTD the Nasdaq is down -1.38%.
Gold closed at 1236, down 5.00 points or -0.48% over the past week. YTD gold is up 16.71%.
Oil closed at 40.4, up 0.88 points or 2.23% over the past week. YTD oil is up 9.04%.
The USD/CAD closed at 1.282258, down -0.0178 points or -1.37% over the past week. YTD the USD/CAD is down -7.33%.

Europe/Asia
The MSCI closed at 1672, up 50 points or 3.08% over the past week. YTD the MSCI is up 0.54%.
The Euro Stoxx 50 closed at 3054, up 142 points or 4.88% over the past week. YTD the Euro Stoxx 50 is down -6.55%.
The FTSE closed at 6344, up 140 points or 2.26% over the past week. YTD the FTSE is up 1.63%.
The CAC closed at 4495, up 192 points or 4.46% over the past week. YTD the CAC is down -3.06%.
DAX closed at 10052, up 430.00 points or 4.47% over the past week. YTD DAX is down -6.43%.
Nikkei closed at 16848, up 1026.00 points or 6.48% over the past week. YTD Nikkei is down -11.48%.
The Shanghai closed at 3078, up 93.0000 points or 3.12% over the past week. YTD the Shanghai is down -13.03%.

 

Sources: Bloomberg; Investment Executive;  advisor.ca,

Frank Mueller

Weekly Update – April 8, 2016

TSX REBOUNDS FRIDAY ON STRONG JOBS NUMBERS, OIL SURGE

The S&P/TSX Composite closed the week at 13,396.73, down 0.3% for the week. At a 2.9% gain year-to-date, Toronto’s main index continues to trail only New Zealand’s index – the world’s best 2016 performer.

While down much of the week, a Friday surge, spurred by encouraging jobs numbers and a 6.6% jump in oil, helped the TSX to cut its losses for the week.

Strong Canadian jobs numbers for March posted a stronger-than-expected increase. A potential knock-on effect of this news could be felt on April 13th, if the Bank of Canada decides not to cut rates again. Before the jobs numbers were released, there was speculation of a rate cut happening again with hopes of further economy stimulation.

Oil enjoyed a healthy jump to finish the week, as data from the Energy Information Administration showed a decreasing U.S. production for the 10th time in 11 weeks, as well as decreased crude stockpiles. West Texas Intermediate May futures closed at $39.72USD per barrel, almost a 50% increase from the February lows, while Brent June futures closed at $41.92USD per barrel. A meeting of oil-producing countries, scheduled for April 17th in Doha, is highly anticipated, as an agreement to freeze output would buoy oil’s price further. John Kilduff, partner at New York energy-focused Hedge Fund Again Capital LLC, stated “We’re still hemmed in a range below $40. Breaking through would be very bullish for the market”.

However, many analysts aren’t believers in an extended oil rally, citing Iran’s goal of winning market share, as well as the world total supply surplus as the main reasons not to believe the hype. Without Iran being on board with a supply cut, other producers cutting supply would only lead to a loss in market share to Iran.

 

Blog Posts

To Buy Or Not To Buy, That Is The Question

How To Take The Bite Out At Tax Time

We Are Not Burger King, And That’s A Good Thing

 

SOURCES: Globe Investor

Odette Morin

We are not Burger King, and that’s a good thing!

Burger kin

Do you remember the Burger King ads that ran years ago? They always ended with “Have it your way”. It was a positive message that conveyed the importance of client satisfaction.

Fast-forward to today and the You First tax checklists (I bet you didn’t see that coming!). Despite all appearances, asking you to complete these lists our way also represents a desire to satisfy our clients.

After all, the less time we spend asking questions and trying to organize your information, the less it will cost you, and the more likely you’ll benefit from our below market tax preparation rates.

In addition, those clients who complete the checklists as required benefit from a 20% discount on their total. Those who don’t will have to pay full price.

So, while Burger King might hold the lettuce, we’re holding onto our outstanding value.

When you complete the checklists as instructed, we’re able to enter the data into our tax software and in the order which the system requires. It’s efficient and cost-effective.

However, even the slightest discrepancy can result in extra time for us.

We’ve had clients deliver organized, colour-coded and exceptionally detailed information. Yet, because it differed from our software’s system, the time we invested increased, as did our cost.

The fact is, we want to spend all of our time saving you money and making you money. Nevertheless, if you want us to spend time on you unnecessarily, then have it your way (but it will cost you!)

You can find all of our checklists here.

 

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