Coaches Corner

Last week, the S&P/TSX Composite Index

was up 0.18%, while the S&P 500 was up

1.03%. Year-to-date the S&P/TSX

Composite and the S&P 500 are up,

1.89% and 2.50%, respectively.

Info Tech and Telecom Services were the

strongest Canadian financial sectors last

week, both up 3.39% and 1.64%,

respectively. Energy was the weakest,

down (2.03%).

In Canada, a light yet important data week

will feature November GDP. Output is

expected to increase 0.3% which would

make up for the prior month’s slump.

Governor Stephen Poloz from the Bank of

Canada is scheduled to give a speech on

Tuesday evening.

In the U.S., the highlights of the week will

be the Fed’s monetary policy decision and

nonfarm payrolls for January.

MARKET NEWS Canada

Wholesale sales rose 0.2% on a month-on-month basis in November to $56.9 billion.

The Survey of Employment, Payrolls and Hours (SEPH) showed Canada adding 25K net new jobs in November.

United States

Q4 GDP growth came in at 1.9% annualized, disappointing consensus which was looking for a print of 2.2%.

The durables goods report showed new orders falling 0.4 % in December, well short of consensus which was expecting a solid increase of 2.5%.

The Markit manufacturing purchasing manager’s index (PMI) improved from 54.3 in December to 55.1 in January.

New home sales dropped 62K to 536K in December.

Existing home sales declined by 2.8% month-on-month in December to reach an annual pace of 5.49 million transactions.

Initial jobless claims rose 22K to 259K in the week ending on January 21st.

World

In Japan headline CPI beat expectations and progressed 0.3% on a year-on-year basis for the month of December.

In Europe, the preliminary Eurozone purchasing managers’ index came in a little weaker than expected in January.

Resource: National Bank

Canada

Overnight 0.50%

Bank of Canada 0.75%

Prime Rate 2.70%

Next Meeting: Mar. 1, 2017

United States

Fed Fund Rates 0.75%

Discount Rate 1.25%

Prime Rate 3.75%

Next Meeting: Feb. 1, 2017

Monday January 30, 2017

MARKET INDICATORS & TRENDS (As at January 27, 2017)

INDEX MTD YTD 2016 2015

S&P/TSX 15,575.81 1.89% 1.89% 17.51% -11.09%

S&P 500 2,294.69 2.50% 2.50% 9.54% -0.73%

MSCI EAFE 1,741.73 3.43% 3.43% -1.88% -3.30%

MSCI World 1,803.39 2.98% 2.98% 5.32% -2.74%

SPOT (USD) MTD YTD 2016 2015

CAD $0.7629 2.43% 2.43% 3.09% -16.18%

Euro $1.0690 1.30% 1.30% -2.82% -10.26%

Gold $1,191.10 3.42% 3.42% 8.63% -10.46%

Oil – WTI $53.17 -1.02% -1.02% 45.03% -30.47%

Gas $3.36 -9.83% -9.83% 59.35% -19.11%

INDEX MTD YTD 2016 2015

DEX Universe 1,007.90 -0.35% -0.35% 1.67% 3.52%

DEX Short Term 697.00 0.09% 0.09% 1.00% 2.62%

DEX Mid Term 1,108.90 -0.02% -0.02% 1.61% 4.85%

DEX Long Term 1,572.60 -1.21% -1.21% 2.47% 3.80%

Monday Morning Quarterback | Monday January 30, 2017

UPCOMING DATES

Jan 30 US Personal Income / Spending Jan 31 US Chicago Purchasing Manager Feb 2 US Initial Jobless Claims

Jan 30 US PCE Deflator YoY Feb 1 US MBA Mortgage Applications Feb 3 US Change in Nonfarm Payrolls

Jan 30 US PCE Core YoY Feb 1 US ADP Employment Change Feb 3 US Unemployment Rate

Jan 30 US Pending Home Sales MoM Feb 1 US Markit US Manufacturing PMI Feb 3 US Markit US Services PMI

Jan 31 US Employment Cost Index Feb 1 US ISM Manufacturing Feb 3 US ISM Non-Manf. Composite

Jan 31 CA GDP MoM Feb 1 US Construction Spending MoM Feb 3 US Factory Orders

Jan 31 CA Industrial Product Price MoM Feb 1 US FOMC Rate Decision Feb 3 US Durable Goods Orders

Jan 31 CA Raw Materials Price Index MoM Feb 2 US Nonfarm Productivity

S&P / TSX SECTOR PERFORMANCE (As at January 27, 2017)

SECTOR MTD YTD

Financials 3.21% 3.21%

Energy -6.32% -6.32%

Materials 8.94% 8.94%

Industrial 2.68% 2.68%

Consumer Discretionary 0.50% 0.50%

Telecom Services 3.24% 3.24%

Information Technology 3.33% 3.33%

Consumer Staples -0.43% -0.43%

Utilities 0.84% 0.84%

Health Care -2.33% -2.33%

SAVINGS ACCOUNTS (As at January 30, 2017)

FUND CODE RATE

B2B High Interest Investment Account* BTB 100 (A) 0.80%

BTB 101 (F) 1.05%

Equitable Bank* EQB 100 (A) 0.90%

EQB 200 (F) 1.15%

Hollis Investment Savings DYN 500 (A) 0.75%

DYN 550 (F) 1.00%

Home Trust High Interest Savings* HOM 100 (A) 0.90%

HOM 101 (F) 1.15%

Manulife Bank Premium Investment Savings* MIP 501 (A) 0.90%

MIP 601 (F) 1.15%

*Nominee accounts only

GIC RATES─RSP COMPOUNDING (As at January 30, 2017)

1 YEAR 3 YEARS 5 YEARS

B2B 1.30% 1.65% 2.03%

Bank of Nova Scotia* 1.05% 1.60% 1.95%

CDN Western Bank 1.28% 1.60% 1.95%

Effort Trust 1.50% 1.85% 2.05%

Laurentian Trust 1.30% 1.65% 2.03%

Manulife Bank 1.15% 1.60% 2.00%

National Bank* 1.25% 1.60% 2.03%

Standard Life 0.45% 0.80% 1.25%

*Nominee accounts only