Canucks pull off comeback, top Predators 4-3 in OT
Elias Lindholm scored 1:02 into overtime and the Vancouver Canucks came all the way back to beat the Nashville Predators 4-3 in Game 4 of their first-round playoff series on Sunday.
It's election day in Canada and, to be honest, I don't think the markets are all that fussed about it.
Sure, it stands to reason investors will be watching closely to see the impact on sectors including energy, if there appears to be an aggressive push towards a low-carbon economy, and banking, if new taxes are imposed on banking profits above $1 billion. These two sectors combined represent 40 per cent of the S&P/TSX.
So far, from an election perspective, the markets have taken a wait-and-see approach.
However, it does look to be a rocky trading session as September appears to be living up to its reputation of being the most challenging month of the year for investors.
Concerns are mounting over the regulatory environment and troubled property market in China; there’s a U.S. Federal Reserve meeting this week; colder weather is increasing fears of further increases in the Delta variant; energy prices are high; and inflation remains a wildcard.
Investors are edgy over the growing sense of unease as company profit margins are squeezed, costs are rising and central banks are telegraphing they could be getting closer to pulling back on stimulus measures. Companies being hit are those linked to the global market recovery.
To be fair, the markets have been on fire. Year-to-date, the S&P/TSX is up approximately 17.5 per cent, the Dow more than 14 per cent, and the S&P 500 over 18 per cent. No market trajectory is straight up. Pullbacks are a normal and expected part of investing, yet still ring alarm bells when they happen.
It isn't going to take much for some investors to move to the sidelines.
Before you react, a few considerations:
1) If you have a diversified portfolio with money in cash, bonds and stocks, recognize we have been through periods of volatility before. If you have a reasonable time horizon of at least five years, for many the best course of action is to do nothing.
2) Don't try to time the market. Even the experts have to get it right twice -- going into the market and coming out of the market. Have a plan to rebalance your portfolio throughout the year and stick to the plan. Despite the speculation it is tough to know what will outperform at any given time. Buy good quality investments and think long-term investment verses short-term speculation.
3) Understand your tolerance for risk. Are you are looking for a return "of" your investment or a return "on" your investment? Take the time to really appreciate who you are as an investor. There will always be market challenges, however, the savvy investor will not let emotions dictate your investment decisions.
Bottom line: I'm not saying you have to buy and hold your investments forever. What I do hope is you make informed portfolio decisions based on who you are as an investor, your time horizon and your tolerance for risk. This strategy helps to ensure logic versus emotion drives your decisions.
Elias Lindholm scored 1:02 into overtime and the Vancouver Canucks came all the way back to beat the Nashville Predators 4-3 in Game 4 of their first-round playoff series on Sunday.
Three women diagnosed with HIV after getting 'vampire facial' procedures at an unlicensed medical spa are believed to be the first documented cases of people contracting the virus through a cosmetic procedure using needles.
All 79 locations of pharmacy and retail chain London Drugs are shut down Sunday, and there is no estimate on when they will be back open.
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
Aerial photos posted by Chinese state media on Sunday showed wide devastation in part of the southern city of Guangzhou after a tornado swept through the day before, killing five people, injuring dozens others and damaging more than 140 buildings.
Ontario is introducing a suite of measures that will crack down on cellphone use and vaping in schools.
Australia's Prime Minister Anthony Albanese on Monday described domestic violence as a 'national crisis' after thousands rallied around the country against violence toward women.
Rookie goalie Arturs Silovs will start in net for the Vancouver Canucks when they face the Nashville Predators in Game 4 of their first-round playoff series Sunday.
U.S. intelligence officials have determined that Russian President Vladimir Putin likely didn't order the death of imprisoned opposition leader Alexei Navalny in February, according to an official familiar with the determination.
The lawyer for a residential school survivor leading a proposed class-action defamation lawsuit against the Catholic Church over residential schools says the court action is a last resort.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.
As if a 4-0 Edmonton Oilers lead in Game 1 of their playoff series with the Los Angeles Kings wasn't good enough, what was announced at Rogers Place during the next TV timeout nearly blew the roof off the downtown arena.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.