Good Afternoon,

 

With Facebook in the news so often this week what better time to launch our Facebook for Business page:

https://www.facebook.com/AndrewKingPrivateWealth/

 

We will be regularly posting content and updates to our new Facebook page along with some personal posts from team members. One article this week discusses the US stock market pullback and gives some further perspective on it.

 

U.S. markets experienced a return of volatility this week but did manage to close slightly higher. The TSX fared better due to support from a strong energy sector. Energy stocks again plowed higher on Friday as West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014.

 

There was something for both bears and bulls in Friday’s U.S. jobs report, which explains the gyrations in stocks following the release. The headline number was a major disappointment as the economy added just 194,000 jobs in September, well below the Dow Jones estimate of 500,000. On the positive side, the unemployment rate itself fell to a much lower point than economists forecast. At 4.8%, that’s the same level seen in late 2016. Plus, August’s jobs report miss was also revised up to 366,000 compared to the initial read of 235,000.

 

Three Will and estate planning facts that will surprise you:

https://ca.rbcwealthmanagement.com/andrew.king/blog/3116645-Three-Will-and-estate-planning-facts-that-will-surprise-you

 

Wishing all our clients and your families a Happy Thanksgiving Weekend!

 

Sincerely,

Andy and Sacha