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416.473.6100 PAGES 7 Dream 3 Issue 14

News & Views www.dreamsandmoney.com

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8 APRIL 2013 Direct

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ignorant of eligible credits and deductions Tax software removes mistakes in arithmetic, but people need to be aware of how any changes in their lives will affect their taxes, said tax guru Evelyn Jacks. Canadians commonly fail to make all their eligible claims for medical expenses as well as moving expenses such as such as real estate commissions, Jacks said from Winnipeg. "People just don't know what's claimable," she added. Examples of claimable expenses include: the cost of widening a doorway to accommodate someone in a wheel

chair, hearing aids and hearing aid batteries. "People don't understand that they can adjust their tax returns if they miss something and you can basically go back 10 years on most federal provisions. So if you become aware of something, maybe a pro can help you recover taxes from the past." Jacks said Canadians also need to be aware of the family caregiver tax credit if applicable and changes to the Canada Pension Plan and Old Age Security. Beginning in 2023, the federal government is gradually >>Cont. Pg.2

The world's Greatest Business 2 Case for Compassion

3

Simple Tips for Healthy Eyes

BUYING OR SELLING

6

2

25

Toronto and Global Market Review

Canada's Unemployment Rate Rises to 7.2 percent U.S. economy adds not many jobs Canada's economy unexpectedly shed 54,500 jobs in March, more than wiping out the previous month's big gain and pushing up the jobless rate to 7.2 percent from 7.0 percent, Statistics Canada data indicated on Friday. Canada suffered a surprising contraction in manufacturing activity also in March, according to another data released on Tuesday. StatsCan also reported that Canada's trade deficit unexpectedly widened in February to $1 billion from $746 million in January. Manufacturing and public administration both lost about 24,000 jobs. The former has been hard-hit by the strong Canadian dollar and faltering trade. In Ottawa, federal finance minister Jim Flaherty said that he was “disappointed” with the numbers, though overall employment is up since the recession. “In an uncertain global economy our government will stick with our low-tax

plan for jobs and growth — a plan that has worked and served Canadians well,” he said. NDP finance critic Peggy Nash said the Harper government is not doing enough. “Right now our major challenge is unemployment and slow growth,” she said in an interview. “There's investment in infrastructure we have to do sooner or later. Let's do it sooner and help kick-start the economy.”

HOW SAFE ARE OUR BANKS? Big bank depositors could take a hit under planned European Union law if a bank fails, the EU's economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus's bailout model was exceptional.

Protect your most valuable asset yourself and your loved ones Buy term insurance buy peace. Price: cup of coffee a day or even less. Save money. Compare our rates with Banks' Mortgage insurance rates.

U.S. employers added just 88,000 jobs in March, the fewest in nine months. The Labor Department said Friday that the unemployment rate dipped to 7.6 per cent from 7.7 per cent. While that is the lowest in four years, the rate fell only because more people stopped looking for work. The government counts people as unemployed only if they are actively looking for a job. However, two weeks ago, the number of Americans filing new claims for unemployment benefits rose more than expected, but not enough to suggest the labour market recovery was taking a step back. Separate data also showed the

US economy expanded at an annual rate of 0.4 percent in the fourth quarter, more than the government had expected, but just below the 0.5 percent gain forecast by analysts in a Reuters poll.

Canada is expected to lag behind the U.S. TD hopes to benefit from U.S. recovery over competitors Canada is expected to lag behind the U.S. for the foreseeable future, according to a recent forecast from t h e O rg a n i s a t i o n f o r Economic Co-operation and Development. The Canadian stock market, a leading indicator, continues to lag those of other countries. In fact, the S&P/TSX was one of the worst-performing major indices in the world last year. The trend continues this year till now. TD Bank chief executive Ed Clark said at the bank's annual meeting that economic advantages which once

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helped the Canadian economy weather the financial crisis are starting to fade. Clark says TD's U.S. presence will give it an advantage over competitors as the U.S. economy recovers. A recovering U.S. economy promises to provide a lift for Canadian economy. Canada did admirably while the rest of the world struggled back in 2009. But four years later the best it can hope for is a merely mediocre performance, even as the good times return elsewhere.

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8 APRIL 2013

DREAMS MONEY &

The world's Greatest Business Case for Compassion

MYOPIA (Short-Sightedness)

This is a true inspiring story of the eye surgeon Dr. Venkataswamy, also known as Dr. V, who literally lit the eyes of millions, treated majority for free. The Editor-in-Chief of Dreams and Money had organized free eye camps in India, representing a bank where he was working in 90s, in association with Arvind Eye Hospital for the poor. His organization, Aravind, is now the largest eye care provider in the world. It's evolution from an 11 bed clinic in a dusty Indian town, to the world's largest eye hospital is captured well in a book called “Infinite Vision”

Dr.V created a revolutionary approach to curing cataract blindness in India by studying McDonald's. He was able to develop a high-efficiency, standardized, replicable business model

Insure your dreams

Short-sightedness – or myopia – is a vision problem in which close objects can be seen clearly but objects far away are blurred. Short-sightedness occurs if the eyeball is too long or the cornea has too much curvature. As a result, the light entering the eye can't focus correctly and distant objects appear blurred and distorted. Short-sightedness is a common condition and affects around 30% of the U.S. population. It usually first occurs in school-age children and, because the eye continues to grow during childhood, it will progress until about age 20. What Causes Short-sightedness? The exact causes of the condition are unknown, but research indicates that two factors may be primarily responsible for its development: ŸHeredity ŸVisual stress There is significant evidence to suggest that many people inherit shortsightedness, or at least a tendency to develop it. If one or both parents are short-sighted, there is a greater likeli-

that organized patients in operating rooms and broke the procedure down into a series of discrete processes so that nurses and doctors could treat large patient volumes with high quality. When individuals stay rooted in inner transformation, it brings much larger benefits to the society.Dr.V is a great example. Rightly Dr.V is called as a social entrepreneur.

By Bruce Cooper & Dr. Guy Hodgson

stress-related short-sightedness Eyeglasses are the primary choice for correcting short-sightedness. A single vision lens is usually prescribed to provide good vision at all distances. But patients over 40, and children or adults whose short-sightedness is due to intense close vision work may have bifocal or progressive addition lenses prescribed for them. These lenses provide different strengths or powers throughout the lens to provide for distant and close vision. Some patients will find that contact lenses offer better vision than eyeglasses and may suit them better cosmetically. Although they provide a wider field of vision, they require regular cleaning and care to safeguard eye health. Orthokeratology involves the fitting of a series of rigid gas permeable contact lenses to reshape the cornea. The contact lenses are worn overnight during sleep, and removed for the entire

Eye Health, Problems, and Diseases

Some serious eye conditions do not have any early visible warning signs. It is therefore important to have regular checks that will provide the basis for maintaining proper eye health. But although prevention is always the best defence, it is important to realize that problems or injuries can occur suddenly without warning. By recognizing the signs of a potential eye disorder, and

knowing what to do, you could contribute to preserving sight. If you have the slightest reason to believe that you or members of your family have a serious eye condition oreye health problem, do not hesitate to contact your eye care practitioner immediately. Rather risk it being a false alarm than ignore a developing eye disease. If symptoms of sudden pain, loss of sight, or many flashing lights occur, please see your doctor immediately. (source: freevisioninfo.com)

CATARACTS BASIC INFORMATION Clouding of the eye's natural lens is called cataracts, which are a leading cause of blindness in the world today. Although composed mostly of water, proteins also are arranged on the lens in a very precise way allowing light to pass through while keeping it clear. Over time the proteins clump together causing cloudy spots on the lens and, if left untreated, can cover the entire lens resulting in severe vision disruption or blindness. Symptoms In the early stages, cataracts may not cause significant symptoms, but eventually you might experience slightly blurred vision or note that some forms of light seem too bright – such as sunlight or oncoming automobile headlights. While a subcapsular cataract may not produce any symptoms until the advanced stages of its development, nuclear cataracts might improve vision for a short period. This is called “second sight”, but soon diminishes as the cataract grows.

hood their children will be shortsighted. Even though the tendency to develop the condition may be inherited, its development may be affected by how the eyes are used. Those who spend a lot of time doing close visual work, such as reading or working in front of a computer, may be more likely to develop short-sightedness. Symptoms of short-sightedness may also be a sign of a blood sugar condition, such as diabetes or an early indication of a developing cataract. Diagnosis and Treatment A comprehensive eye test, using several procedures, by your optometrist will determine if you have shortsightedness. There are several options available for persons with short-sightedness to regain good distance vision. These are: ŸEyeglasses ŸContact lenses ŸOrthokeratology ŸLASIK surgery Ÿ Vision therapy for persons with

If you suspect you are developing a cataract, please consult your eye doctor. Treatment While cataracts are in the early stages of formation, eyesight can generally be improved by simply wearing eyeglasses or utilizing other visual aids. But once cataracts have reached the point where they become a serious visual impairment, it is likely that surgery will have to be considered. Today, cataract surgery is a simple and relatively painless procedure. More than three million people undergo cataract surgery in the United States every year, making it the most common surgery in the country. The surgery usually involves complete removal of the affected lens from the eye and replacing it with an artificial intra ocular lens (IOL) made of plastic. Ongoing advancements in intra ocular lenses continue to make cataract surgeries less complex and more efficient. (source: freevisioninfo.com)

2

day allowing patients to go about their daily activities eye wear free. Your optometrist can advise you further about the process and whether or not it would suit your particular requirements. Using a laser beam of light, shortsightedness can be corrected by reshaping the cornea in a process called LASIK surgery. Although this surgery has generally proved successful, it is still a developing therapy in which some problems have occurred. Speak to your optometrist to acquire full information about this process and how it is likely to affect you. Read more about LASIK. Vision therapy is an option for patients whose blurred distance vision is caused by a spasm of the muscles which control eye focussing. Various exercises are used to improve the ability to focus and regain good vision. People with short-sightedness have a number of options to correct their vision problem. Your optometrist will help you select the treatment that best meets your visual and lifestyle needs. (source: freevisioninfo.com)


8 APRIL 2013

KNOW THYSELF

DREAMS MONEY &

Simple Tips for Healthy Eyes Follow these simple steps for maintaining healthy eyes well into your golden years. Have a comprehensive dilated eye exam. Visit your eye care professional for a comprehensive dilated eye exam at regular intervals. Many common eye diseases such as glaucoma, diabetic eye disease and age-related macular degeneration often have no warning signs. A dilated eye exam is the only way to detect these diseases in their early stages. During a comprehensive dilated eye exam, your eye care professional places drops in your eyes to dilate, or widen, the pupil to allow more light to enter the eye the same way an open door lets more light into a dark room. This enables your eye care professional to get a good look at the back of the eyes and examine them for any signs of damage or disease. Your eye care professional is the only one who can determine if your eyes are healthy and if you're seeing your best. Know your family's eye health history. Talk to your family members about their eye health history. It's important to know if anyone has been diagnosed with a disease or condition since many are hereditary. This will help to determine if you are at higher risk for developing an eye disease or condition. Eat right to protect your sight. You've heard carrots are good for your eyes. But eating a diet rich in fruits and vegetables, particularly dark leafy greens such as spinach, kale, or collard greens is important for keeping your eyes healthy, too. Research has also shown there are eye health benefits from eating fish high in omega-3 fatty acids, such as salmon, tuna, and halibut. Maintain a healthy weight. Being overweight or obese increases your risk of developing diabetes and other systemic conditions, which can lead to vision loss, such as diabetic eye disease or glaucoma. If you are having trouble maintaining a healthy weight, talk to your doctor.

Wear protective eye wear. Wear protective eye wear when playing sports or doing activities around the home. Protective eye wear includes safety glasses and goggles, safety shields, and eye guards specially designed to provide the correct protection for a certain activity. Most protective eye wear lenses are made of polycarbonate, which is 10 times stronger than other plastics. Many eye care providers sell protective eye wear, as do some sporting goods stores. Quit smoking or never start. Smoking is as bad for your eyes as it is for the rest of your body. Research has linked smoking to an increased risk of developing age-related macular degeneration, cataract, and optic nerve damage, all of which can lead to blindness. Be cool and wear your shades. Sunglasses are a great fashion accessory, but their most important job is to protect your eyes from the sun's ultraviolet rays. When purchasing sunglasses, look for ones that block out 99 to 100 percent of both UV-A and UV-B radiation. Give your eyes a rest. If you spend a lot of time at the computer or focussing on any one thing, you sometimes forget to blink and your eyes can get fatigued. Try the 20-20-20 rule: Every 20 minutes, look away about 20 feet in front of you for 20 seconds. This can help reduce eyestrain. Clean your hands and your contact lenses—properly. To avoid the risk of infection, always wash your hands thoroughly before putting in or taking out your contact lenses. Make sure to disinfect contact lenses as instructed and replace them as appropriate. Practice workplace eye safety. Employers are required to provide a safe work environment. When protective eye wear is required as a part of your job, make a habit of wearing the appropriate type at all times and encourage your coworkers to do the same.

“Success is getting what you want, happiness is wanting what you get." Dave Gardner

"People are just as happy as they make up their minds to be." Abraham Lincoln

(Source:nei.nih.gov)

“Letting go of the past is your first step to happiness”

"Happiness is an attitude. We either make ourselves miserable, or happy and strong. The amount of work is the same." Francesca Reigler, artist

3


8 APRIL 2013

Housing Market

DREAMS MONEY

From Perrii’s Blog: www.perrii.com

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Did you Renew Your Current Mortgage Automatically?

Editor-in-Chief & Publisher Perrii Muthuraman Direct : 416 473 6100

Editor & Technical Advisor Aishwar Muthuraman 105-2100 Ellesmere Road, Scarborough, ON, M1H 3B7 Ph: 647 352 4945 | Fax: 647 352 6110 Email: info@dreamsandmoney.com www.dreamsandmoney.com DISCLAIMER Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.

unsolicited articles & community news are welcome selected ones will be published email : editor@dreamsandmoney.com Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.

THE MISSION At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler. We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams. If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you.

Ÿ When you are negotiating an interest rate, ask your current lender if they can offer you even better terms (Remember that interest rates are often negotiable) ŸWhen you are mortgage shopping, compare the whole package offered by each lender. In addition to comparing interest rates, consider the features (such as ability to make prepayments or to increase your regular payments) and the services that are important to you. Ÿ Read your mortgage agreement carefully before you sign it, and ask

“When your mortgage term comes to an end, you will have to either pay off your mortgage or renew it for another term. This is a good opportunity to reassess what you need in a mortgage and to look for mortgage options that better fit your needs today.” This great advice comes from Financial Consumer Agency of India through their publication called Reviewing And Renegotiating Your Mortgage It is a very useful guide at the time of renewal &/or renegotiation. Here are some tips and other useful information for you. ŸApproximately four months before the end of your mortgage term, you should contact various lenders and mortgage brokers to find a new mortgage with the terms and conditions that best suit your needs. ŸIf your mortgage agreement is with a federally regulated financial institution such as a bank, the lender must provide you with a renewal statement at least 21 days before the end of the existing term. (If your lender decides not to renew your mortgage, it must notify you at least 21 days before the end of your term)

Innovative Realty Inc., Brokerage*

questions about anything you don't understand. ŸIf you are considering renegotiating your mortgage, make sure you have complete information about any penalties and fees involved, so that you can weigh the costs and benefits before making a decision. What will happen, if automatic renewal takes place? If you don't take charge of the process, your mortgage might automatically be renewed for another term. This means that you may not get the best interest rates and conditions that you could and losing thousands of dollars for your carelessness. Finally, a word of caution! If you think that you may not qualify for a new mortgage, due to change of your financial circumstances, better to remain with the current lender. Even in that case, it is wise to bargain for better interest rates and terms. If you ask, you may get it. If you don't ask, you will never get it.

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8 APRIL 2013

GTA Housing Market

DREAMS MONEY &

BUYING OR SELLING – DO IT WITH GREATER CONFIDENCE Here is the General Real Estate Trend for GTA For specific areas – like your area where you want to buy or sell - call PERRII at 416 473 6100 for detailed analysis and free presentation.

HISTORIC SALES AND PRICE DATA

I

MULTIPLE OFFER SITUATIONS ARE NOT UNUSUAL STILL IN SOME AREAS OF TORONTO The Royal LePage released a House Price Survey on April 4. It showed that house prices remained relatively flat in the first quarter of 2013 compared to the first quarter of 2012. The survey points out that Toronto posted moderate growth in the first quarter. Average price gains were in the range of 1.8 to 4.0 per cent for housing types surveyed. The quarter saw a slight decrease in volume, even among first-time home buyers, who are traditionally the most active group. At the same time, multiple offer situations and bidding wars were still taking place in some areas of the city. Regarding “Bidding Wars and Real Estate Rage in Toronto” I read a well written article portraying the experience and feelings of the writer in the current market situation. Some passages are quoted below for a quick reading: “We're very cautious with our money, and had avoided house bidding wars for years. The logic is simple: housing prices are already outrageous to begin with, so why add to the madness by competing with other potential buyers, and pushing prices further upwards?” “As we already own a home and moving is not an urgency, we were able to delay the perhaps inevitable. Until last night. A humble family home presented itself within walking distance to our kids' school. It was a little bit more spacious than our current abode, but you wouldn't call it luxurious.” “We asked our agent to put in a fair offer on the home, but then she uttered the dreaded words: "holding offers." This would mean that we'd not be able to make an offer on the home until a specified date and time.” “An hour later, it was time to present our second offer. Our agent went into the home with the paperwork and returned quickly. There was nothing to do now but to wait. Suddenly, some of the competing bidders and their agents drove off the street and left! The listing agent was texting those whose offers had been rejected. We were beginning to feel hopeful! Shortly after, our agent received a text message from the listing agent with the news: our offer had not been accepted. The house had sold for more than $40,000 above asking. Although we were disappointed to have "lost" the house, another decent property turned up today in the real estate listings! There are already three offers on it, so I think we'll pass this time...” Here’s the question of the author: What do you think of the Toronto and GTA housing situation? What advice would you give to prospective buyers?” Perrii’s answer to that question is, if interested, whether you are a buyer or seller, Call 416 473 6100 for a suitable advice, supported by a detailed study. Perrii is a Realtor as well as Independent Financial Advisor.

MONTHLY STATISTICS II

2013 Sale

January February March April May June July August September October November December Annual/year to date

Avg Sale Price

4,280 $482,331 5,759 $510,580 7765 $519,879

2011

Sale

Avg Sale Price

Sale

Avg Sale Price

4,432 6,809 9,385 10,022 10,546 9,130 7,339 6,250 5,687 6,718 5,627 3,595 85,540

$462,655 $500,249 $500,875 $515,869 $514,550 $507,361 $475,507 $477,174 $501,326 $502,060 $484,503 $478,700 $497,186

4,199 6,057 8,985 8,778 9,766 9,959 7,683 7,330 7,421 7,425 6,908 4,585 89,096

$425,762 $453,355 $456,254 $476,802 $485,362 $474,223 $458,646 $450,323 $463,976 $474,241 $477,582 $449,566 $465,014

Sales & Average Price By Major Home Type – March 2013

III

Sales 416 905 Detached 975 2,794 Semi-Detached 314 573 Townhouse 300 884 Condo Apartment 1,266 505 IV

2012

Total 3,769 887 1,184 1,771

416 $846,828 $607,334 $450,104 $367,595

Average Price 905 Total $592,265 $658,118 $403,031 $475,355 $369,590 $389,990 $278,984 $342,327

YEAR –OVER-YEAR SUMMARY FOR THE MONTH OF MARCH

Sales New Listings Active Listings Average Price Average Days On the Market V

Region

2013 7,765 14,728 18,3841 $519,879 24

2012 9,385 16,191 6,920 $500,875 21

2011 8,986 15,224 16,563 $456,234 23

Notes 1.New listings mean listings during the reporting period entered. 2.Active listings mean listings as at the end of the reporting period.

VI

Monthly Sales Report - March 2013 Area Average Benchmark Index One 3 Months 6 Months 1 Year Sales Price $ Price (HPI) Month 615 603,882 527,500 160.8 1.84 3.08 2.62 4.62

Halton (Burlington, Halton Hills, Milton, Oakville) Peel (Brampton, 1,670 454,011 403,500 147.5 1.24 Caledon, Mississauga) Toronto (City of Toronto) 2,891 564,793 508,600 155.2 1.37 York (Aurora, King, 1,405 614,216 548,600 159.3 1.21 Markham, New Market, Richmond Hill, Vaughan, Whitchurch - Stouffville etc) Durham( Ajax, Brock, 948 347,055 315,800 134.2 1.98 Clarington, Oshawa, Pickering, Whitby etc) Dufferin County (Orange ville) 47 313,274 321,300 140.2 -0.50 Simecoe County 189 358,470 293,300 138.0 044 Total 7765 $519,879 463,400 151.9 1.40

1.58

1.30

4.09

1.70 2.25

0.78 1.34

1.50 2.71

2.52

2.60

6.17

-0.21 2.22 1.95

-1.20 0.58 1.20

3.77 5.91 2.91

Year

3. MLS® HPI provides a more precise picture of home price trends in a given region, municipality or neighbourhood than the average prices.

Weekly Sales Report - April 4, 2013 Area Sales 122

Halton (Burlington, Halton Hills, Milton, Oakville) Peel (Brampton, Caledon, Mississauga) 386 Toronto (City of Toronto) 664 York (Aurora, King, Markham, New 365 Market, Richmond Hill, Vaughan, Whitchurch - Stouffville etc) Durham (Ajax, Brock, Clarington, 219 Oshawa, Pickering, Whitby etc) Duffer in County (Orangeville) 13 Simecoe County 35 Total 1,804

Average Price $ 573,427 451,389 575,540 597,126

366,422 379,993 349,485 522,019

(Source: TREB) 5


8 APRIL 2013

INVESTING

DREAMS MONEY &

Global and Indian Market Weekly Review - Week Ended 5 April 2013 Review of Global markets European, Asian and US market traded volatile and ended negative on Friday as risk adverse investors continued offloading stocks on concern over U.S. jobs and China's newest strain of avian flu. Health insurers rallied on Medicarereimbursement news and US factory orders rose in February supported the market. Cheer over Japan's monetary stimulus overcame resistance that came as US jobless claims climbed to a fourmonth high also boosted sentiment. However, mounting worries over the pace of the US economic recovery ahead of monthly jobs data and lowerthan-expected readings on the US nonmanufacturing sector and private-sector jobs growth weighed on sentiment. Risk aversion selloff triggered as an unexpected jump in US weekly jobless claims by 28,000 to 385,000 stoked worries ahead of US employment data later in the day. Meanwhile selling pressure mounted further after European Central Bank President Mario Draghi said the euro-zone economy was at risk of a deeper recession. Also adding to the downbeat sentiment, China's newest strain of avian flu, which has killed at least six people, has sent stock markets downhill. Central banks grabbed most of the attention prior day. Both the European Central Bank and the Bank of England kept rates at record lows, but the Bank of Japan unveiled a broad and surprisingly aggressive easing plan. The ECB left rates at 0.75%, while the BOE main-

tained a 0.5% lending rate, as expected. The Reserve Bank of Australia left the country's key interest rate unchanged at 3%, meeting widely held expectations by economists China's manufacturing expanded at a faster pace last month, indicating a recovery in the world's second-largest economy is sustaining momentum; PMI 50.9, an 11-month high and up from 50.1 in February. China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to 55.6 in March from 54.5 in February,

M.Shekar

March 2013. Sensex, Nifty decline over 2%. Market declined in three of five trading sessions in the week. Sensex declined 2.05% to 18450.23 and Nifty fell 2.27% to 5553.25 in the week ended 5, April 2013. Growth in services sector eased last month to its slowest since October 2011 as order books filled at a slower pace. The HSBC services Purchasing Managers' Index, fell to a 17-month low of 51.4 in March from 54.2 in February. The HSBC manufacturing Purchasing Managers' Index (PMI), fell to 52 in March, after a surge to 54.2 in February. Market outlook – week begins from 8 April 2013 Market may follow the results to be announced by corporate in the middle of April 2013. The upside on the bourses may be capped as reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for staterun firms will result in supply of equity in the market over the next few months. The next major trigger for the market is Q4 March 2013 results. The Q4 March 2013 corporate earnings season

adding to signs of a modest uptick in the world's second-largest economy. HSBC's composite manufacturing and services PMI for the world's second-largest economy increased in March to 53.7 from 51.4 the previous month. That helped lift the HSBC EMI index to 52.6, from 52.4 the previous month. Review of Indian markets Indian Market declined during the week on survey showed growth in the services sector hit 17 month low in

will begin around mid-April 2013. Shares of exporters will be in focus as the government is set to unveil annual supplement to the Foreign Trade Policy 2009-2014 on 18 April 2013. The government will unveil industrial production data for February 2013 on 12 April 2013. The government will unveil data on the combined consumer price index for urban and rural India for March 2013 on 12 April 2013. The government will unveil data on the wholesale price index (WPI) for March 2013 on 15 April 2013. The India Meteorological Department will issue its initial forecast of 2013 southwest monsoon in this month. The Reserve Bank of India (RBI) will announce the Monetary Policy Statement 2013-14 on 3 May 2013. Asian markets will on Monday, 8 April 2013, react to the influential US nonfarm-payrolls report for March 2013 Finances are risky; we professionally train individuals to independently manage their investment portfolio. We offer short term and long term courses depending up on the requirement of individuals through on line as well as off line. We also provide advisory services, structure and manage portfolio of foreign individuals in a prudent manner. Further details: shekarm@indiafinancebazaar.com www.indiafinancebazaar.com |www.ifmaonline.com Ph : +91 9380034431/9962534431

TSX Trend From Apr.5, 2012 to Apr.5, 2013

TSX IS IN LOSING STREAK TSX Trend From Apr.1, 2013 to Apr.6, 2013

Source : Yahoo Finance

The Toronto Stock Exchange's S&P/TSX composite index closed at 12,331.85 (previous week: 12, 749.9 ) . There hasn't really been much in the way of good news out of anywhere. The benchmark Canadian index slipped 3.3 percent on the week, recording its biggest weekly fall in about 10 months. The week's losses have erased all the gains the index made in 2013. Gloomy Canadian and U.S. jobs data suggested the North American economy could be losing steam. Seven of the 10 main sectors on the index were in the red. Financials, the index's weightiest sector, were the biggest negative influence, giving back 1 percent. But the materials sector, which includes mining stocks, rose and helped stem the losses. The price of gold received a boost because the bad economic news created interest in safe-haven assets. Energy shares also made gains The latest numbers followed weak economic data throughout the week, unnerving investors and casting doubts about a smooth recovery. The TSX has had an uneven rally since November. The market climbed almost 10 percent from a low in November to a peak on March 12, before easing. The Canadian dollar was at 98.43 (previous week 97.72) cents US. The TSX Venture Exchange gained 15.13 points to 1,041.85.The Dow Jones industrials closed at 14,565.25( last week 14,578.54), the Nasdaq at 3,203.86(last week 3,267.52 ) and the S&P 500 index was at 1,553.28 (last week 1,569.19).

TSX Trend From Jan.7, 2013 to Apr.5, 2013

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6 Kms 7 Kms 14 Kms 8 Kms 3.3 Kms 10 Kms 17 Kms 7 Kms 10 Kms 8 Kms


Dreams & Money: April 2013 Issue 2