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Paul de Sousa Discusses Recent Market Decline with Reuters

This past week, Canada’s main stock market plunged to record lows, and the Canadian dollar weakened to a four-year low as investors remained skeptical about policymakers’ ability to contain the economic impact of the coronavirus outbreak. This decline left the Toronto Stock Exchange around 30% below its record peak less than two weeks ago.

Reuters recently interviewed Sightline Wealth Management Senior Vice President and Financial Advisor Paul de Sousa to discuss the reasons behind the recent market decline. “The conditions were ripe for something like this to occur,” said de Sousa. “It was almost a perfect storm of overvaluation, plus this is now officially a pandemic.”

Click here to read the entire Reuters article.

In addition to Reuters, de Sousa also offered his insights on the coronavirus outbreak and recent market volatility to a series of other media publications, including the Financial Post, CBC News, ThinkAdvisor and more. You can also learn more about this topic by watching Sightline’s interactive Q & A video discussion.

 

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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