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Markets were positive as China confirmed a growth rate of 6.9% and corporate earnings are coming in better than anticipated. After the closing bell, Netflix handily topped results. Please see the article below: http://www.cnbc.com/2016/01/19/netflix-fourth-quarter-earnings.html Stock markets will rebound on the focus returns to earnings and oil stabilizes. Client Relevant Articles Rising household debt is being highlighted as a major issue for the Canadian economy. The levels of debt to income are at the highest level ever and is being cited as another reason there is downward pressure on the Canadian dollar. Please see the article below: http://www.theglobeandmail.com/report-on-business/economy/canadians-household-debt-to-hit-new-record-this-year-report-says/article28254553/ Personal debt is also a major factor in determining retirement timelines. We will be focusing on reducing debt loads in client meetings over the next few months.

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One of the reasons that markets declined to start the year was that it was unclear as to what quarterly earnings were going to look like. JP Morgan Chase, one of the largest banks in the US, reported better than expected earnings this morning. Please see below: http://www.reuters.com/article/us-jpmorgan-results-idUSKCN0US1DZ20160114 After the market closed yesterday, Intel, the world’s largest chip maker, reported better than expected profits. Please see below: http://www.cnbc.com/2016/01/14/intel-fourth-quarter-earnings.html With quarterly earnings coming in above expectations and with an increase in oil prices, markets make up most of yesterday’s losses. http://www.cnbc.com/2016/01/14/us-markets.html As far back as October of last year, economists believed that the 10 billion dollar deficit promise by the newly elected Liberals would not be enough stimulus for the Canadian economy in 2016. Please note the article below: http://www.reuters.com/article/us-canada-economy-poll-idUSKCN0SG2KG20151022 There is increasing pressure on the Trudeau government to fast track their stimulus package and increase the proposed deficit. The impact of the decrease in oil prices is estimated at $50 billion dollars per year. A 10 billion dollar deficit will not make up for the loss in economic activity.

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In the Canadian context, the drop in the value of the Canadian dollar has both positive and negative implications on different components of the economy. Please note the article below: http://business.financialpost.com/investing/global-investor/here-are-canadas-winners-and-losers-as-the-loonie-nosedives-below-70-cents www.JohnPaulino.com

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Happy 2016 from our Growing Team! In this New Year, we wish you achieve all your goals in life, health, prosperity and success at every step. We are a full service financial office and our Team can help you with; Investments, Insurance & Banking including Manulife One. www.JohnPaulino.com Front: Sunil Heda, Investment Advisor & John Paulino, Financial Advisor Back: Valerie Celino, Banking Consultant, Patricia Walsh, Associate & Life Insurance Agent, Tina Mucin, Business Development Administrator, Cheryl Schnegg, Banking Consultant

John Paulino, Financial Advisor, Manulife Securities Incorporated

John Paulino, Financial Advisor, Manulife Securities Incorporated

John Paulino, Financial Advisor, Manulife Securities Incorporated

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Need Travel Insurance? www.JohnPaulino.com

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Markets are lower due to North Korea possibly testing a nuclear weapon and concerns about China’s economic shift. A summary of today’s Canadian market activity is available below: http://www.financialpost.com/markets/index.html

The rising power of the TFSA: Are RRSPs even relevant anymore?

Happy New Year everyone!! Thinking about retirement? The importance of the TFSA account as a retirement vehicle is outlined below: http://business.financialpost.com/personal-finance/retirement/rrsp/the-rising-power-of-the-tfsa-are-rrsps-even-relevant-anymore