A MESSAGE FROM SIGHTLINE REGARDING COVID-19
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Paul de Sousa Discusses the Impact of the Oil Crash with Yahoo Finance

Oil prices plunged below zero on Tuesday, April 21, and it quickly impacted both Canada’s main stock market index and the Canadian dollar. In fact, the Toronto Stock Exchange’s S&P/TSX composite index closed the day down 3.1% at 13,940.06, which is one of its biggest setbacks since the index rebounded nearly 30% from its March low. Furthermore, the loonie reached a near three-week low against the U.S. dollar as another result of crashing oil prices.

To learn more about the impact of this oil crash and its effect on investors already nervous about COVID-19’s economic damage, Reuters recently spoke with Sightline Wealth Management Senior Vice President and Investment Advisor Paul de Sousa.

“The future is still undefined, not clear and I think there is now a lot of money coming off the table, especially now with that great rebound and what is happening with oil,” de Sousa told the publication.

Click here to read the entire Yahoo Finance article featuring Sightline’s Paul de Sousa.

 

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Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts.  

Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds. 

Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof. 

 

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