We are very pleased to send you our monthly financial newsletter to keep you abreast of financial markets and world economy. We hope that you will enjoy reading these articles. As always, we welcome your comments and questions.

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Team Beauregard Farina Tourangeau

1250 René-Lévesque Blvd. West

Suite 1500

Montréal, QC

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Market Returns

Value as of

Oct. 31 2016*


Year to date




13.7 %

-11,1 %

S&P 500


4.0 %

-0,7 %

Euro Stoxx 50 


-6.5 %

3,8 %

MCSI emerging markets


14.0 %

-17,0 %

Oil ($US/Barrel)

$ 46.86

26.5 %

-38,8 %

Gold ($US/oz)

$ 1,273

20.1 %

-10,8 %


$ 0.75

3.3 %

-16,5 %


Source : Bloomberg, Richardson GMP Limited

*Values are in local currency


Investment Strategies  

Six strategies for volatile markets
No investor likes to hear that the market has experienced a big drop. But volatility is part and parcel of investing. "Dramatic moves in the market may cause you to question your strategy and worry about your money," says John Sweeney, Fidelity executive vice president of retirement income and investment strategies. "A natural reaction to that fear might be to reduce or eliminate any exposure to stocks, thinking it will stem further losses and calm your fears, but that may not make sense in the long run."

Tax & Estate Planning Strategies 
Don't panic about corporate class funds
Advisor Jason Pereira will still be using corporate-class funds after September 30.
A longtime advocate of the structure, Pereira was disappointed by the federal budget's edict that  switching will no longer be tax-free.

In the news                                     

A Simple Trick That Will Help You Understand The Bond Market
With yields on 10-year Treasuries at a low 2.6%, many experts have been warning that bond investors could be in for unexpected pain if and when rates rise.

The Biggest Money Mistakes We Make-Decade by Decade
Our relationship to money changes as we get older. So do the mistakes that we make with it.   Every new stage of life brings new financial strategies we need to follow. And at every stage we find new ways not to follow those strategies, costing ourselves money and jeopardizing our security.


Canadian lifecos too cheap to ignore
When Canadian life insurance stocks get this cheap compared to banks - and they rarely do - returns in the following year are pretty attractive.  Yes, Canadian lifecos face plenty of challenges, most of them the result of persistently low interest rates. But Matthew Barasch, Canadian equity strategist at RBC Capital Markets, is starting to wonder whether things have got too extreme, and if lifecos are now too compelling to ignore.


Eddy Farina, Fin. Pl., CIM
Senior Vice President, Investment Advisor

Richardson GMP embraces fiduciary excellence Read more


The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC,NB,NS,PEI and NL. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.