“Life is a long lesson in humility” – James M. Barrie

Beware: “CRA” Phone Scams Continue

We would like to, once again, remind you that scammers are still at it. The ruse is simple, yet effective: you receive a phone call from a person who claims to be from the CRA or representing the CRA; the caller threatens you with legal action unless you pay some amount “immediately”; the caller attempts to convince you to give your credit card number and secret code to them; they may also ask you for other sensitive information (date of birth, Social Insurance Number, etc).

Do not ever give these callers any information. The CRA will never call and threaten legal action or ask for your SIN # – they already have your SIN #!

If you receive a call from someone claiming to be from the CRA and asking for this type of information, hang up the phone. Then, call or email us. We can call CRA on your behalf to inquire on your tax status.

Weekly Market Wrap-Up

 North America

• The TSX closed at 16203, up 159 points or 0.99% over the past week. YTD the TSX is down -0.04%.
• The DOW closed at 25317, up 682 points or 2.77% over the past week.YTD the DOW is up 2.42%.
• The S&P closed at 2779, up 44 points or 1.61% over the past week.YTD the S&P is up 3.93%.
• The NASDAQ closed at 7646, up 92 points or 1.22% over the past week.YTD the Nasdaq is up 10.76%.
• Gold closed at 1304, up -9.00 points or 0.46% over the past week.YTD gold is down -0.46%.
• Oil closed at 65.56, down -0.19 points or -0.29% over the past week.YTD oil is up 8.51%.
• The USD/CAD closed at 0.7739, up 0.0021 points or 0.27% over the past week.YTD the USD/CAD is down -2.69%.
• The MSCI closed at 2138, up 45 points or 2.15% over the past week. YTD the MSCI is up 1.66%.

Europe/Asia

• The Euro Stoxx 50 closed at 3447, down -2 points or -0.06% over the past week.YTD the Euro Stoxx 50 is down -1.63%.
• The FTSE closed at 7681, down -21 points or -0.27% over the past week.YTD the FTSE is down -0.09%.
• The CAC closed at 5450, down -16 points or -0.29% over the past week.YTD the CAC is up 2.58%.
• DAX closed at 12767, up 43.00 points or 0.34% over the past week.YTD DAX is down -1.17%.
• Nikkei closed at 22695, up 524.00 points or 2.36% over the past week.YTD Nikkei is down -0.31%.
• The Shanghai closed at 3067, down -8.0000 points or -0.26% over the past week.YTD the Shanghai is down -7.26%.

Fixed Income

• The 10-Yr Bond Yield closed at 2.94, up 0.0400 points or 1.38% over the past week.YTD the 10-Yr Bond is up 22.50%.

Sources: Dynamic, Advisor.ca