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News and Info from the team at Loney Financial - #31 Nov 2016
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For further information on Loney Financial services please visit our website at www.loneyfinancial.com

180 WITH DAN

180 with Dan - November 2016
WATCH: This month we have part 2 of Dan's three part interview with Richard Desroches, Principal of CORE benefit consulting ltd.,
and discusses the area of Employee Benefits.

DAN'S BLOG

The US Election!
 
Well I've had a lot of clients contact me with the comments of "I can't wait to hear your blog post after the US election". I have received some texts earlier this morning with: "You called it!" and commented on the 50 year cycle that I teach.

For you that have not attended one of my seminars or workshops this is reference to the concept that we have a 50 year cycle. The cycle goes back thousands of years and spans many cultures and has been researched by people such as Nikolai Kondratieff. Essentially every 50 years we have a significant event that causes a social economic event, war, stock market crash or major swing in politics.

As some of you know I have predicted that Trump would win based on this concept of the cycle and an awareness based on a growing global dissatisfaction with the political establishment that is not hearing the concerns of mainstream hard-working people. Yes the media will focus attention on those that behave badly and attract tension and stay up late demonstrating while most mainstream Americans and Canadians have long gone to bed because they have to get up tomorrow morning and go to work and pay taxes.

This will be a very interesting year coming up in 2017. It's possible we could see the stock market crash that would make 2008 look like kindergarten. There are so many problems out there in the financial world right now that it is an amazing perfect storm. At the same time there is also great opportunity that may never come our way again in our lifetime.

It's hard to say what will transpire between now and the new year but into 2017 expect to see an increasing interest-rate and a weakening Canadian dollar against the US as the dollar becomes a safe haven for currency from European money as the EU continues to unravel and the Euro begins to spiral downward.

This Trump election has been more about rejection of the political establishment. It has begun in England as we predicted with the UK voting to leave the European Union. Now Trump and next watch what happens in Italy and the big one in Germany this coming year.  
 

Best regards,
Dan


For more information on how Loney Financial can help, contact us at 604.534.6003
or Email: dan@loneyfinancial.com

GUESS WHO? WIN 4 TICKETS TO THE VANCOUVER GIANTS GAME ON DEC 16th

Reply to Dan with your answer and you will be
entered into a draw to win 4 Tickets to the
Vancouver Giants Game on Friday, December 16.

Guess Who? Is it...
1. Harry Dent
– World Renowned Economist
2. Harry Markowitz – Economic Theorist      
3. Harry Caray
– Baseball Announcer           

Send your answers to dan@loneyfinancial.com

 

Last months winner was Roxanne Reid who guessed correctly with former NHL player and former Vancouver Canucks assistant Coach Ryan Walter.

Ryan was drafted second overall by the Washington Capitals in the 1978 draft and went on to play 1003 games in the NHL winning the Stanley Cup with the Canadiens in 1986 and finishing his playing career with the Canucks.

WHAT TRUMP'S PRESIDENTIAL VICTORY COULD MEAN FOR CANADA'S ECONOMY



A Donald Trump administration, combined with a Republican-controlled Senate and House of Representatives, could have reverberations that will be felt by the Canadian economy for years.

Here's a look at what Trump's victory could mean for various sectors of our economy:


ENERGY: Remember Keystone XL? Plans to build the 1,900-kilometre pipeline from Alberta to Nebraska were thwarted last year under U.S. President Barack Obama. But Trump's win could breathe new life into the project at a time when Canada's oilpatch needs it. Trump has said he would "absolutely approve it, 100 per cent."

Still, when considering Trump's propensity for categorical statements, one should keep in mind the details. He has said he wants a greater cut of the profits, but hasn't explained what that means. There is also TransCanada's outstanding request for US$15 billion in damages after Obama's rejection. Trump is also regarded as a friend of U.S. fossil fuels, on record as favouring oil and gas drilling on federal lands. That could stifle appetite for Canada's oil and gas production.

TRADE: Our largest trading partner will soon be led by someone who has committed to ripping up NAFTA if it isn't renegotiated. Any country can withdraw from the free trade agreement with six months' notice. And with Republican control of both the legislative and executive branches, Trump is better positioned than past presidents who've made similar threats.

But some say he could face resistance from legislators in states that have reaped the benefits of the deal. As former prime minister Brian Mulroney, the architect of NAFTA, recently told CTV's Question Period, "You tear that up — my mother used to say, 'You're cutting off your nose to spite your face.'"

SOFTWOOD LUMBER: One of the first trade irritants that could test U.S.-Canadian relations is softwood lumber. A 10-year-old agreement that removed U.S. duties on Canadian softwood lumber expired last month. That paved the way for the possibility of steep taxes, which could result in layoffs throughout Canada's forestry sector.

Trump can expect to face pressure from the U.S. lumber lobby to implement such duties. In an era of rising protectionism, he may be emboldened to oblige.

ca.finance.yahoo.com/news/donald-trumps-presidential-victory-could-142509339.html
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YOUR INVESTOR RISK PROFILE


Investor Risk Profile Calculator

Understanding yourself as an investor is important when creating an effective investment portfolio. Factors affecting your individual risk profile include:
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Use this Investor Profile Questionnaire to help you define your investment objectives and your investment personality.

Click here to use the Investor Risk Profile Calculator.

HOW TRUMP'S VICTORY COULD AFFECT CANADA



In a presidential race with its fair share of jaw-dropping pronouncements, it's hard to choose just a few. But for Canadian officials, a handful of Donald Trump's statements stand out.

The political neophyte has promised to reopen the North American Free Trade Agreement and throw it out if he doesn't get what he wants, get tough on America's NATO allies and increase coal production in the face of a world moving increasingly to clean energy.

All of these policies would have a dramatic impact on Canada. CTVNews.ca compares his policies to those of Prime Minister Justin Trudeau, and breaks down the impact they could have.

The economy

Without a history of public service, it's difficult to judge how closely Trump would stick to his promises. But Trump has said plenty that would raise concerns for Canadian policymakers.

The Republican nominee opposes the Trans-Pacific Partnership, a proposed free trade agreement between a dozen Pacific Rim countries, including Canada. He also says he'd tear up the North American Free Trade Agreement. Trump's main targets are Mexico and China, but observers say Canada would be collateral damage if he starts to torpedo trade deals.

Trump's avowed protectionism runs counter to Prime Minister Justin Trudeau's vocal support for more free trade, and would surely lead to tension between the two countries.

It's not unusual for Americans running for president to campaign as protectionists: both Clinton and U.S. President Barack Obama criticized NAFTA during their 2008 races, but Obama didn't push to reopen NAFTA once he was in the White House. The question is whether Trump would follow through, and how.



There is a measure in NAFTA that would let one signatory provide six months notice and then withdraw, says Daniel Kiselbach, a partner at Deloitte Tax Law LLP, but it's likely not as simple as that. While the U.S. president signs trade deals, it's up to Congress to pass the legislation that makes it law.

"At least one U.S. constitutional lawyer has said you just can't withdraw by withdrawing from the treaty," Kiselbach said.

"The president has to respect the enabling legislation unless and until Congress has repealed it."

That means Congress would have to be on board. And, while former foreign affairs minister John Baird has raised the alarm about increasing protectionism in Congress, the president of the Canadian Association of Importers and Exporters says she's not worried yet.

"There's no sense at this point in time that, whether it be Hillary Clinton that wins the White House or Donald Trump ... that the House would necessarily go along with what they're thinking," Joy Nott said in an interview with CTV News.

Canada, in fact, is the top export destination for 35 states - a market they'd be at risk of losing if a president withdrew from NAFTA. A move to ditch NAFTA would likely result in American importers taking the U.S. government to court, Kiselbach said, but it's hard to know exactly what would happen since there's almost no precedent.

"The last time the U.S. withdrew from a trade agreement was 1866," Kiselbach said.

Even if quitting NAFTA isn't in the cards, former diplomat Colin Robertson says Trump can find other ways to make life difficult for Canadian exporters. That includes having the U.S. trade representative and Department of Commerce initiate trade actions.

"That would have a chilling effect on investment in Canada," said Robertson, vice president of the Canadian Global Affairs Institute.

Climate change

When it comes to climate change, there's little similarity between Trump's and Trudeau's positions. Trump once tweeted that global warming "was created by and for the Chinese in order to make U.S. manufacturing non-competitive," while Trudeau campaigned on the need for tougher regulations and a price on carbon. Trudeau has since maintained the targets pledged under the previous government, but announced he'll impose a carbon tax in 2018 on any province or territory that doesn't price carbon on its own.



According to Mark Cameron, executive director of Canadians for Clean Prosperity, the question for a Trump presidency would be: can he undo some of the measures Obama has brought in? That includes Obama's Clean Power Plan, which is currently working its way through the American courts.

"He's taken some pretty strong stands against climate policy," Cameron said.

"There are some people on his environmental advisory group ...who have taken pretty extreme stands," he added. "So I think they would try to unravel things. I'm just not sure that they would be able to dismantle everything that's been done already."

Trump has also promised to boost the coal industry, while Trudeau talks of clean energy.

One area on which Trudeau and Trump could agree is a re-do of the Keystone XL pipeline decision. Trudeau supports the pipeline extension, which U.S. President Barack Obama vetoed last fall. Trump says he would approve the pipeline extension, but wants "a piece of the profits" to "make our country rich again."

Robertson says that argument wouldn't get Trump very far. Canadian officials would privately remind the White House that the U.S. now has pipelines running north, nevermind a supply of shale gas they're exporting north.

"Do you want us to put a tariff on the 30 pipelines running north?" Robertson predicts the discussion would go.

"So I think that his claim on this one could be easily rebutted and put in perspective. Energy flows both ways now."

Defence

Among Trump's proposals is a threat to withhold American military support from NATO if its partner countries don't meet their targeted defence spending. All NATO countries pledged to devote two per cent of their GDP to their defence budgets, but Canada is among the countries that don't hit that target - something noted by Obama when he was in Ottawa last June.



Not backing up a NATO partner would be a dramatic move.

"Some of the statements he's made question the very basic raison d'etre of NATO. When he questioned whether he would actually come to the defence of NATO members under aggression by Russia, nobody has ever done that in the history of NATO at that level," said Thomas Juneau, assistant professor of the University of Ottawa's graduate school of public and international affairs.

But would he follow through? Trump's unorthodox style and lack of political experience make his proposals difficult to plan for, Juneau says.

"The thing with Trump is, we don't know what he thinks. He has been so inconsistent on everything, and specifically on foreign and defence policy," he said.

"If I were an American senior official in the national security apparatus, I'd be freaking out at the possibility of a Trump presidency just because it would be so unpredictable at every level."

Trump's NATO comments drew a mild rebuke by Canadian Defence Minister Harjit Sajjan, who said they weren't helpful. The sentiment behind them certainly contradicts Trudeau's pronouncements on how Canada should "re-engage" with the world as he promoted his international visits and attendance at global summits. While his government believes in working with allies and communicating with foes, Trump's campaign rhetoric is about doing the opposite.

Still, Juneau says there are too many variables to assume a Trump presidency would mean the end of NATO.

"That's so hypothetical that I wouldn't go there that fast," he said. "For me, the point is that, at this point, the uncertainty is what we have to plan for."

www.ctvnews.ca/politics/how-a-trump-victory-could-affect-canada-1.3126047?hootPostID=49e65997422329970631f5593ead4838

WHAT'S DAN READING?

The Sale of a Lifetime
How The Great Bubble Burst Of 2017-2019 Can Make You Rich
by Harry S. Dent, Jr.
 

After the Roaring '20s came the Great Depression. After the Roaring 2000s came the Great Recession.

We're now entering the winter season of the 80-Year Four Season Economic Cycle. It's during this season that we'll clear the decks with a devastating crash and debilitating deflation. The economy and markets will shed the excesses created during the preceding fall bubble boom season and prepare the soil for new blossoming in innovation and a spring boom.

In this pressing book, you'll learn not only why a collapse is imminent, but how to identify bubbles and tune in to the cycles driving that drive booms and busts.

Practical, accessible, and illuminating, The Sale of a Lifetime will protect you from the tough challenges ahead and help you cash in on the unique opportunities of the next few years. At stake is nothing less than your entire financial future.

Pre-order this book at Indigo.ca online.
Click here to see the story of a 35 year dream come true and learn about Loney Financial’s support of rescuing homeless children in Guatemala. Thank you to all the clients and associates that have helped to make this a reality.

CLIENT PHOTO

Each month we are featuring the best photos from our Clients. Please submit yours to Dan and we will include this in a future Newsletter.
Dan attended the Irrational Economic Summit in West Palm Beach, Florida last month and captured this glorious view at sunset one evening.

COOKING WITH DENISE & ALYSHA

Denise Bailey our Client Services Coordinator and Alysha Smith, Dan's Executive Assistant, bring you a delicious monthly recipe from their renowned portfolio.  


Chef John's Macaroni and Cheese

"This easy-to-make old-school macaroni and cheese has a perfectly crispy crust."



Ingredients:
  • 1 (16 ounce) package elbow macaroni
  • 1/4 cup butter
  • 1/4 cup all-purpose flour
  • 1/4 teaspoon dried thyme
  • 1/4 teaspoon cayenne pepper
  • 1/8 teaspoon white pepper
  • 3 cups milk
  • 1 pinch ground nutmeg
  • 1/4 teaspoon Worcestershire sauce
  • 1 teaspoon salt
  • 3 cups shredded sharp Cheddar cheese, divided
  • 1 teaspoon Dijon mustard
  • 1/2 cup panko bread crumbs
  • 1 tablespoon butter, melted

Directions:
  1. Preheat oven to 400 degrees F (200 degrees C).
     
  2. Fill a large pot with lightly salted water and bring to a rolling boil over high heat. Once the water is boiling, stir in the macaroni, and return to a boil. Cook the pasta uncovered, stirring occasionally, until the pasta is cooked through but still slightly firm, about 8 minutes. Drain well.
     
  3. Melt 1/4 cup butter in a large saucepan over medium heat. When the butter starts to foam and bubble, stir in the flour; cook on medium heat until flour just begins to turn pale yellow, 3 to 4 minutes. Add thyme, cayenne pepper, and white pepper; cook and stir another minute, then whisk in 1 cup of milk until smooth. Pour in remaining milk and whisk again. Bring the sauce just to a simmer.
     
  4. Stir in nutmeg, Worcestershire sauce, and salt; simmer on medium-low heat until thickened, about 8 minutes, whisking often. Turn heat off, then add 2 1/4 cups of Cheddar cheese; stir until melted and combined. Add Dijon mustard.
     
  5. Transfer the macaroni into a casserole dish, then pour in the cheese sauce; stir to thoroughly combine sauce with pasta. Mix panko bread crumbs and 1 tablespoon melted butter in a small bowl, and sprinkle crumbs on top of macaroni and cheese. Sprinkle remaining 3/4 cup of Cheddar cheese on top.
     
  6. Bake in the preheated oven until bread crumbs and Cheddar cheese topping are golden brown, about 20 minutes.

FINANCIAL PLANNING HUMOUR :)

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