25 DECEMBER 2011

www.dreamsandmoney.com

FORTNIGHTLYPAGES Dream Issue8 1 15

Higher Standards Agents... Higher Results!™

Perrii Muthuraman MBA; M.Com

HomeLife/GTA Realty Inc., Brokerage*

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www.homelifegtarealty.com Email : perrii@dreamsandmoney.com416.473.6100

Sales Representative

1711 McCowan Rd., #206Toronto, ON M1S 2Y3Bus : 416.321.6969

Dream Homeis within your reach

LET ME SHOW YOU WHERE AND HOW?

Toronto – Growing Skyline Becoming A Cause For Concern

Ten Tips to Improve Your Ergonomics While Driving

2 2 4

&

INSIDE

STORY TIME

Ergonomics forTruck Drivers

The Rising Level ofHousehold Debt.

7

4

8

GTA Real Estate Market watch 5

3

Market Review

onsumer prices rose 2.9% in the Food prices rose 4.8% in the 12 C12 months ended November, months. Says StatsCan, consumers paid matching the increase in October. Prices 5.7% more for food purchased from in all eight components of the Consumer stores as prices increased for common Price Index (CPI) rose. staples, including meat (6.2%), fresh

vegetables (13.2%) and bread (11.9%). According to Statistics Canada, the Prices for food purchased from restau-cost of transportation increased 5.7% in rants also went up.the 12 months from November 2010 to

November 2011, fuelled by a 13.5% Prices in the remaining categories increase in gasoline prices. And that is such as household operations, health the good news. Gasoline prices care, shelter, clothing, recreation advanced 18.2% in October and the increased in the range of 0.5% to 2.4%November increase was the smallest Among the provinces, Ontario and year-over-year gain since the beginning British Columbia experienced the of 2011. As well, consumers paid 4.4% smallest consumer price increases with more for passenger vehicle insurance 2.5% and 2.3%, respectively.and 1.8% more for passenger vehicles.

Finance Minister Jim Flaherty says the Regulating securities has long been a federal government will not pursue its provincial concern under the “property current plan to create a national securities and civil rights” provision of the regulator after the Supreme Court of Constitution, the court said, and the Canada said that doing so would be "not federal government has not shown that the valid" under the Constitution. provinces are incapable of regulating and

policing in this area."We have the decision and we will respect it," Flaherty said in a short statement following the decision of Canada's top court.

Canada’s top court has struck the federal government’s attempt to create a national stock market regulator, ruling unanimously, by all nine justices, that the legislation presented to it “overreaches” into provincial jurisdiction.

Feds position is that the lack of a national regulator hurts Canada’s reputation and Canada is the only developed economy in the world without a single regulator.

If so, the government failed to make its case, said the court.

“Canada has not established that the area of securities has been so transformed that it now falls to be regulated under the federal head of power,” the justices wrote.

The court noted it was not in the business of deciding whether a national

The court also said that Ottawa can go regulator – which is how securities are

back to the drawing board and seek a co-policed in most advanced countries – is a

operative approach with the provinces, superior system to what exists today, its

while recognizing that the matter is decision was based solely on what the law

essentially of a provincial nature.dictates.

Canadians could be in for some come, and at the same time making tough economic times in 2012, Prime some major reforms in various areas, so Minister Stephen Harper warned in a that we can continue to grow this year-end interview with CTV economy and attract the capital that will

create jobs for people.” “We have some major challenges in front of us,” said Prime Minister, On a positive note, Prime Minister “There’s going to be a whole range of said, “But as I say, we’ve got a lot of areas where this government’s going to opportunities in Canada that others be taking issues over the next year to don’t have and we’re going to do what secure the sustainability of our key we can in the next year to position this programs; not just in terms of reducing country to take advantage of those the deficit but for our generation to opportunities.”

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Tough Economic Times Prime Minister in 2012 warns

“Co-operative Approach With The Provinces”Is The Way To Create A National Securities Regulator

CPI: Prices up 2.9 per cent Year over Year

redit rating agency Moody's to Quebec's $20,829. Federally, debt per CInvestors Service has put the capita is $16,970. Ontario's debt-to-province of Ontario on notice, revising GDP ratio is 37.4%its outlook to negative from stable. Ontario has already adjusted its Ontario's 2012-2013 budget will projections for economic growth determine whether the province's Aa1 downward because of the worsening rating will stay or not. global outlook. In its November 2011

Ontario has the highest provincial Economic Outlook and Fiscal Review, it debt - $238.4 billion as of the March 31, projected real GDP growth for 2011 and 2012, fiscal year end. Ontario's debt is 2012 at 1.8%, revised from 2.4%. surpassed only by the federal debt of Growth in 2013 will be 2.5%, it says, $585.2 billion. On a per-capita basis, and 2.6% in 2014.Ontario's debt is $17,830, second only

Ontario Put on Credit Watch

2

25 DECEMBER 2011 MONEYDREAMS &

he condo boom witnessed over pre-construction sales condos is taken the past four to five years has up by investors. These individuals either T

been a nationwide story, affecting hold the property for capital apprecia-nearly every urban centre on our short tion purposes and or rent them out on the list. Nowhere is the more visible and secondary market. With concerns about apparent than within the Greater oversupply creeping into the forecast, Toronto Area (GTA). A few years ago, we expect investors will curb their condo development was discussed buying behaviour. Tighter mortgage among local authorities and concerns rules ought to also make financing focused on land use, transit planning harder for highly leveraged investors. and downtown core intensification. Carrying costs outstripping rental prices Several years later, the condo pipeline should also serve as a deterrent for and a record number of units under investors looking to make a return construction (72% of all units 2011) is renting their property out. The average one that dominates both the new and rental vacancy rate in the GTA trended resale picture. In 2011, nearly one in down from 2.1% in 2010 to a relatively four sales were condo-related, a low 1.4% in 2011, but some increase significant increase from the 15% could be in the cards as the significant recorded in 1995. We have also seen pipeline of condo projects are com-new projects pop up in the '905' areas pleted over the next few years, a sizable like Peel and Durham Regions, so the number of which are investor held. All condo phenomenon is not one isolated told, with the economics of real estate to just the City of Toronto. Helped in investment likely to weaken over the part by Greenbelt zoning legislation next few years, so too will investor dictating a preference towards high demand for condominiums.density land use, single - start invento- With an increase in the supply of new ries are also experiencing five - year units in 2012 and 2013, the resale lows. market is poised to face heightened

When we take a step back and competition. In turn, we have resale compare start activity to household activity declining by 3.6% and 5.0% in formation (roughly 33,000 per year), we 2012 and 2013, respectively. The return conclude that construction levels to more balanced territory ought to exceed underlying demand. As these result in fewer price bidding wars and inventories work their way through the more modest demand. In turn, we have market, the region is poised to experi- to accommodate the influx of units. reasonable carrying ence a larger-than-average correction costs. Based on Condo projects, Transactionsover the medium-term in resale prices, surveys of home defy expectationssales and starts. If going forward, supply buying intentions

The Toronto Real Estate Board continues to increase, the price adjust- and characteristics, reports that in the third quarter of 2011, ment would need to be much steeper new immigrants condo resale transactions increased relative to our baseline forecast in order first time home

24% compared to buyers and young the same period in couple tend to be 2010. Over this who buys condos. same time, prices These individuals for these un i t s tend to be both improved 9% to $ interest rate and risk 333.000. With the adverse, but when average residential they do make the price sitting at $ plunge into home 467,000 in 2011, it ownership, a condo is not surprising that remains a logical first home purchase. the region unwinding its price over 0 condos remain an valuation over a two year span (-2.1% in Investor activity, both domestic and attractive buy for 2012 and -6.4% in 2013).foreign, is a wildcard in the forecast. many individuals

Source: TD Economics | Anecdotal evidence from realtors and looking for home www.td.com/economicsbuilders suggests that a large share of ownership, but with

TORONTO SKYLINE – GROWING BECOMING A CAUSE FOR CONCERN

THE PERFECT SONA: I have the perfect son.

B: Does he smoke?

A: No, he doesn't.

B: Does he drink whiskey?

A: No, he doesn't.

B: Does he ever come home late?

A: No, he doesn't.

B: I guess you really do have the perfect son. How old is he?

A: He will be six months old next Wednesday.

BIGGEST LIETwo boys were arguing when the

teacher entered the room.

The teacher says, "Why are you arguing?"

One boy answers, "We found a ten dollor bill and decided to give it to whoever tells the biggest lie."

"You should be ashamed of yourselves," said the teacher, "When I was your age I didn't even know what The boys gave the ten dollars to the a lie was." teacher.

Good News & Bad NewsA m a n

receives a phone cal l f rom his doctor.

The doc tor says, "I have some good news and some bad news."

The man says, "OK, give me the good news first."

The doctor says, "The good news is, you have 24 hours to live."

The man replies, "Oh no! If that's the good news, then what's the bad news?"

The doctor says, "The bad news is, I forgot to call you yesterday."

SECOND OPINIONThe doctor to the patient: 'You are very sick'

The patient to the doctor: 'Can I get a second opinion?'

The doctor again: 'Yes, you are very ugly too...'

3

25 DECEMBER 2011MONEYDREAMS &

relative to the baseline," IMF staff economists said in their latest report.

Potential measures the IMF sug-gested include larger down-payments requirements for new mortgages and a lower ratio of debt service to income.

“Adverse macroeconomic shocks, such as a faltering global environment and declining commodity prices, could result in significant job losses, tighter lending standards, and declines in house prices, triggering a protracted period of

citing an average of 10-per-cent weak private consumption as house-overvaluation. A15-per-cent decline in holds reduce their debt" This is IMF’s house prices accompanied by a severe assessment of the country's economy.downturn in construction activity House prices in some regions are "could result in a GDP decline of some "above levels consistent with economic 2.5 per cent over a period of two years fundamentals," IMF economists said,

In every year, there are a host of surprises that come along like earthquakes: They are nearly impossi-ble to predict.

Who would have thought that Congress would be at loggerheads over raising its debt ceiling or that Standard & Poor's would cut the credit rating on U.S. Treasuries? On top of that, who would have then foreseen that U.S. paper would still be regarded as a global safe haven, gold would tumble and interest rates would continue to fall?

We can be thankful that more didn't go wrong with the global economy, although things could certainly go haywire next year.

John Wasik, Reuters

Financial surprises of 2011 Financial surprises of 2011

CRA INTEREST RATESFrom Jan. 1 to March 31, 2012, the

Canada Revenue Agency (CRA) will charge you 5% interest on overdue taxes, Canada Pension Plan contribu-tions and Employment Insurance premiums. Interest on overpayments owed by the CRA to corporate taxpayers will be 1% and to non-corporate taxpayers 3%. To calculate taxable benefits for employees and shareholders from interest-free and low-interest loans, the rate is 1%. Rates are calcu-lated quarterly.

The IMF also recommended a review of Canada Mortgage and Housing Corporation, the largest provider of mortgage insurance in Canada, even though stress tests showed that it can weather a severe economic downturn.

The IMF expects growth in Canada to slow to 1.9 per cent next year from 2.2 per cent this year, before accelerating to 2.5 per cent in 2013.

IMF’s other significant observa-tions:

• The Canadian dollar is on the strong side of fundamentals.

• It is appropriate for the central bank to keep interest rates exceptionally low for some time.

• Should the recovery be accom-panied by further sustained increases in mortgage debt as a share of disposable income spurred by low interest rates, a tightening of macro-prudential policies by the government may be needed.

“the Level Of And High Pose Risks To The ”

- International Monetary Fund

Rising Household DebtHouse Prices Nation's Economy

Boy Girl? daughter.orA: Oh, I'm sorry, sir. I A: Just look at that

didn't know that you were young person with the short her father.hair and blue jeans. Is it a

B: I'm not. I'm her boy or a girl?mother. B: It's a girl. She's my

4

25 DECEMBER 2011hether its long-haul transport Wor local beverage delivery,

truck driving is one of the hardest jobs on the body. Not only are the long hours of sitting hard on truck drivers backs, but so are all their other tasks. It is easy to overlook the heavy toll that securing loads, stacking hand trucks, or handling freight can have on the body. In fact, truck driving is always at or near the top of WSIB's Injuries list of professions for lost work due to injury. The good news is that there are several things you can do to lessen the risk of injury.

• Vary your seat position slightly every 30 to 60 minutes to vary the stress on your body.

• Change hand position on the steering wheel often.

• Do not squeeze harder than neces-sary.

• Use a steering wheel cover to protect your hands from a cold wheel.

• Use a gel seat cushion if the truck vibrates too much.

• Knees should not be higher than the hips.

• The front of the seat should not contact the back of the knee. Such contact will cause drivers to slide forward into a rounded posture.

• You should be able to depress pedals all the way without twisting the back or moving away from the seat.

• If possible, adjust the lumbar area of the seat to provide gentle support. A towel or lumbar roll may be added to support the low back, if needed.

• Slightly recline the back so the angle between the back and legs is approx-imately 110 degrees. Shift the body often, but stay close to this position.

• Position the steering wheel to keep elbows as close to the sides as possible, minimizing reach.

• Be sure instrumentation is easy to see.

• Adjust mirrors so you can see all of them without slouching or twisting.

• Use the mirrors as a cue to sit up when you slouch, instead of readjusting them.

• Do not go directly from prolonged sitting to lifting and carrying tasks.

• Give your back a few minutes to adjust by completing other tasks such as paperwork or talking with the client.

• Never twist your back. When

Tips for Driving

Adjust the Seat

Out-of-Truck Tips

Male FemaleMale FemaleMale Female

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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.

• Stay hydrated and try to maintain proper nutrition. Your body can't

entering and exiting the truck, turn function and heal without the right your body first before stepping up or tools. Stay in shape. down. • Frequent stretching is important. lifting objects.

• When carrying objects, turn with Exercise that gets your heart work-• Keep a vest or jacket close by and use your feet instead of twisting the ing and keeps the muscles you don't

it. Gloves protect the hands from the spine. use at work strong are essential to cold and reduce the risk of develop- continued health. • Moving from a warm truck into cold ing carpal tunnel syndrome.

• Your doctor of chiropractic can help design a program that is realistic for you.

If you experience any symptoms such as back ache or pain in the wrists, shoulder, hip, knee, or neck, consult your doctor of chiropractic. In addition to helping you examine your ergonomic risk factors, your doctor of chiropractic can help you alleviate the symptoms with hands-on treatment, dietary changes, and other techniques that do not require medication. Spinal manipu-lation and other chiropractic techniques have been proven to be safe and effec-tive methods to decrease pain and related symptoms.

For more information on health and safety visit the Ontario Chiropractic Association outside temperatures can cause • Stand up and move to a different Web site at www.chiropractic.on.ca or

muscles to stiffen. This puts truck position to do paperwork or other call drivers more at risk for injury when tasks.

General Tips

Chiropractic for Drivers

1877-327-2273.Dr. George Traitses, 416-499-5656

MONEYDREAMS &

B.Sc.(Hon.), D.C., M.Sc., C.H.N., C.C.R.D., C.N.M., A.C.R.B. 1, C.R.A.By Dr. George I. Traitses

Ergonomics for Truck Drivers

he goal of ergonomics is to fit when your car so you can drive in a seated in your car, scoot your tale bone T

way that maximizes the natural ability as far back to the seat back as possible. purchase a shoulder strap cushion at of your body to move and respond to After doing this, you should be able to your favorite store where car accesso-physical stress. This minimizes expo- place your hand comfortably between ries are sold.sures to risk factors that may result in the back of your knee and the front of the

so that you injury or illness. seat. If you cannot do this, add a pillow don not have to crane your neck to see. If or back cushion to your car seat to move Here are 10 easy things to look for you have a blind spot in your car you can you forward.before you start your next drive: attach a small mirror your dashboard to

the seat of your car improve your view.should allow for your knees to be such as a wallet or keys, which may the lower

press on soft tissue as you sit down. This part of your back should feel

compression can reduce circulation or supported. If it is not supported by

press on nerves and other soft tissues.your car seat you can roll up a small towel and place it in the curve of

sunglasses, tissue, if your lower back. A lumbar roll is a you have allergies like the rest of us, cylindrical shaped pillow sold at throat lozenges or mints, etc. Place these back stores and physical therapy in a location so you do not have to reach offices. for them while driving. If you have to

The least amount of reach for an item, take the time to pull

pressure on the back occurs when your over in a safe place instead of risking an

seat back is at 100-110 degrees so that accident and/or injury due to awkward

you are slightly reclined. The seat back reaching.

should fully support your back. If you If the seat belt strap is slightly lower than your hips. This cannot recline your seat back, take

uncomfortable, take a short piece of opens up your hip flexors and increases frequent breaks from your upright large diameter soft pipe insulation or circulation to the back and decreases posture by shifting your weight side to foam and place it on the part of the strap pressure on the lower back.side and using small upper body that is not comfortable against your motions to relax the back. If body. If you like to spend money, you drive one of those large

7. Seat cushion length –

4. Adjust your mirrors

8. Seat pan tilt –1. Remove items from your pockets,

5. Lumbar support –

2. Position items that you may need during your drive :

6. Back tilt –

3. Buckle up!

9. Stepping up and stepping out –

Ten Tips Ergonomics Driving to Improve Your While By ScD, CPEGraciela M. Perez LANL Ergonomics Program Manager

Turn Pg.8

0

2,000

4,000

6,000

8,000

10,000

12,000

TREB MLS® SalesMonthly with Three Previous Years for Comparison

2008 2009 2010 2011

0

5,000

10,000

15,000

20,000

25,000

TREB MLS® New ListingsMonthly with Three Previous Years for Comparison

2008 2009 2010 2011

0.000.100.200.300.400.500.600.700.800.901.001.10

TREB MLS® Sales-to-New Listings RatioMonthly with Three Previous Years for Comparison

2008 2009 2010 2011

$300,000$320,000$340,000$360,000$380,000$400,000$420,000$440,000$460,000$480,000$500,000

TREB MLS® Average Resale Home PriceMonthly with Three Previous Years for Comparison

2008 2009 2010 2011

2,000

4,000

6,000

8,000

10,000

12,000

TREB MLS® SalesMonthly Time Series with Trend Line

Actual MLS® Sales Trend (12-Month Moving Average)

2,0004,0006,0008,000

10,00012,00014,00016,00018,00020,00022,000

TREB MLS® New ListingsMonthly Time Series with Trend Line

Actual MLS® New Listings

Trend (12-Month Moving Average)

175,000

225,000

275,000

325,000

375,000

425,000

475,000

525,000

TREB MLS® Average PriceMonthly Time Series with Trend Line

Actual MLS® Average Price

Trend (12-Month Moving Average)

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

0.00

0.20

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Average P

rice An

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TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price

Sales-to-New Listings Ratio

Average Price Annual Per Cent Change

25%

30%

35%

40%

45%

50%

55%

TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home

December 19, 2011 -- TREB has reposted The November 2011 edition of the Market Watch with two new market indicators. The “All Home Types” tables now contain two market tightness indicators: Sales-to-New Listings Ratio (SNLR) and Months of Inventory (Mos. Inv.). In order to smooth out month to month fluctuations, which can be quite volatile, both indicators are based on a 12-month moving average.

Generally speaking, according to TREB, the higher the SNLR gets, the tighter market conditions are. In most municipalities this year, the SNLR has been above 60 per cent – indicating seller’s market conditions. The strong price growth we have experienced this year in the GTA certainly supports this view.

The Months of Inventory indicator tells us how long (in months) it would take to completely sell the average number of active listings over the past 12 months given the average number of sales over the same period. A lower number months indicates tighter market conditions and vice-versa.

We are pleased to bring them to our readers.

REAL ESTATE ONE LINERSŸ The sellers told me their house was near the water. It

was in the basement.

Ÿ I have a temporary mortgage. What do you mean temporary? Until they foreclose.

Ÿ Realtor: first you folks tell me what you can afford, then we'll have a good laugh and go on from there.

Ÿ The dream of the older generation was to pay off a mortgage. The dream of today's young families is to get one.

Ÿ There is no longer a need for the neutron bomb. We already have something that destroys people and leaves buildings intact. It's called a mortgage.

INTELLIGENT OR STUPID

SAYINGS ?

Ÿ Life is short and so is money.

Ÿ Artificial Intelligence is no match for

Natural Stupidity.

Ÿ Ask no questions and hear no lies.

Ÿ Never put off until tomorrow what

you can avoid all together.

Ÿ Being cool, is not trying to be cool.

Ÿ Patience is not a virtue, it is a waste

of time.

Ÿ A lawful kiss is never worth a stolen

one.

Ÿ To love oneself is the beginning of a

lifelong romance.

Ÿ Life is not a problem to be solved,

but a reality to be experienced.

Ÿ A friend is someone who has the

same enemies you have.

Ÿ One drop of ink may make a million

think.

DISCLAIMERDreams 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 speci f ic circumstances, you are always advised to consult an expert before acting on any information.

unsolicited articles are welcomeselected ones will be publishedemail : editor@dreamsandmoney.com

& community news

Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.

105-2100 Ellesmere Road,Scarborough, ON, M1H 3B7

Ph: 647 352 4945 | Fax: 647 352 6110Email: info@dreamsandmoney.com

www.dreamsandmoney.com

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, spread-ing the message etc.), please let us know. We’ll be happy to hear from you.

THE MISSION

5

25 DECEMBER 2011MONEYDREAMS &

Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

Editorial & Development Committee

V.S. Thurairajah

Karthik .M

Das Narayanasamy

Manivannan

GTA Real Estate Market Watch

How To SaveWhile Paying Debts?GTA Market Watch : Two market tightness indicators

Source : TREB

6

25 DECEMBER 2011 MONEYDREAMS &

* In

dep

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Contact

immediately if youare a seller or buyer

PERRII

www.perrii.comwww.perrii.comperrii@dreamsandmoney.com

416.473.6100

HomeLife/GTA Realty Inc.,5215 Finch Ave. E. Suite 203 Toronto, ON. M1S OC2 Bus : 416.321.6969

Brokerage*

Commercial or Residential

There are many interested buyers, willing to buy both Residential & Commercial properties in

Toronto, Scarborough, Markham & Stouffville

**A trusted advisor

Insurance you can trustInsurance you can trustInsurance you can trustInsurance you can trustA Home you will loveA Home you will loveA Home you will loveA Home you will love

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Relax - It's Perrii! your interest is his # 1 priority! Always!

Perrii Muthuraman MBA; M.ComCommercial & Residential Sales Representative

representing Manulife, RBC, Canada life, Industrial Alliance & many others - for insurance

7

MONEYDREAMS &

Global Market review

1.12.2011 to 15.12.2011

A new European fiscal pact aimed at fixing the region's debt crisis and ratings of all European Union countries preventing a collapse of the euro during the first quarter of next year. currency. Under the deal reached Friday, Italian bond yields crept higher ahead all 17 countries that use the euro agreed of a government debt auction, while the to allow a central European authority to French government is also due to issue oversee their future budgets. Nine other debt. Italy sold the maximum targeted EU nations are considering it. Britain is amount of five-year bonds, but was the lone holdout. They also agreed to forced to pay a euro-era high average automatic penalties if they spend too yield of 6.47% to do so, above the 6.29% much. A deal to forge stronger ties paid at the previous auction last month. between most of Europe's economies The country's 10-year bond yield rose hopes grew that the region is close to back above the key 7% level, to 7.169%. resolving its debt crisis. In addition to Spain, Italy and France all saw their tighter controls on spending, Europe's government bond yields widen over new "fiscal compact'' calls for the launch German bunds. of a permanent bailout fund for euro The Bank of Japan's quarterly survey nations in 2012, a year ahead of sched- of business sentiment showed a sharper-ule. The deal also will send 200 billion than-expected deterioration in condi-euros ($267 billion) to the International tions for larger manufacturers in Japan. Monetary Fund, which controls another The ZEW economic sentiment indicator emergency fund for countries in crisis. for Germany rose by 1.4 points in Moody's said it will still review the December, marking the end of a nine-

M M Oarket view & arket utlook25 DECEMBER 2011

Will TSX End The Year Where It Started?

October 2011 for the first time in more than two years and higher than expected inflation for November 2011 dashed hopes that the central bank will advance a rate cut to early next year to stimulate the economy. Data showing selling by foreign funds recently and weak European shares also dampened sentiment.Asian market declined as latest readings of manufacturing activity in China and Japan flagged weak conditions in Asia's two largest econo-month downward trend. Meanwhile, the mies and as growing funding stress in Spanish Treasury sold euro 4.94 billion Italy stoked concern Europe is losing its ($6.51 billion) of 12- and 18-month fight to contain the debt crisis. The paper more than it had originally Sensex has fallen 286.99 points or 1.77% intended and with yields down from so far this month. similar sales in the prior month.

Government cut economic growth In US economic data, the trade deficit forecast to 7.25%-7.75% from its narrowed in October for the fourth previous forecast of 8% for the current month in a row, as oil exports helped to year Finance ministry said that a recent offset record imports from China. The depreciation in the rupee may be seen as October deficit was smaller than Wall a lagged correction The rupee had hit a Street expectations. Separately, an early record low of 52.73 on 22 November reading on consumer sentiment in 2011 and has shed more than 14% of its December topped expectations. The value this year to remain the worst Federal Open Market Committee performer among major Asian peers. (FOMC) holds a policy meeting, no

change in the current policy for the fed Industrial production shrank 5.1% in funds rate target range of 0%-0.25% October versus 11.3% growth in the through mid-2013 is expected, nor is it same period a year earlier. It was the first expected that the Fed with expand its decline in industrial production in more balance sheet through more asset than two years. Industrial output last fell purchases. in June 2009, when it shrank 1.8%.

Manufacturing output, which has a Fitch Ratings, the third-biggest of the 75.5% weight in the index of industrial major credit rating agencies, has production, fell 6% from a year earlier in downgraded seven global banks based in October, compared with a 2.4% rise the Europe and the United States, citing previous month. "increased challenges" in the financial

markets. Bank of America Corp., The annual inflation declined in Goldman Sachs and Citigroup had their November 2011 from the previous credit grades cut by Fitch. Barclays, month but remained above the 9% mark. Credit Suisse, Deutsche Bank and BNP Paribas also had their ratings lowered by Fitch. Advance tax payments made by

Indian corporate and decision taken by Market soars at the beginning of the Central bank in its policy review meeting

month as global stocks climbed on during the forthcoming week will dictate renewed optimism that European the market trend. Investors will keenly officials were poised to take action to watch data on third quarter December alleviate debt crisis wreaking havoc in 2011 corporate advance tax payment the euro zone. World's six major central which may provide cues on third quarter banks move to come together to tame a results. With the liquidity situation liquidity crunch for European banks by becoming tighter and inflation on the providing cheaper dollar funding decline, the financial markets are boosted sentiment. Investors shrugged expecting a reduction in the cash reserve off India's weak GDP data amid expecta- ratio to ease the money crunch in the tion that the Reserve Bank of India may banking system. The CRR has been left pause its aggressive monetary stance to unchanged at 6% since May 2010.prop up growth. Market trading at a lower level, NRI

Market started its declining trend and foreign investors has a good oppor-from 5th December 2011 on weak global tunity to invest in index based stocks, economic cues. Indian Government’s ETFs as they were able to get good inability to continue with policy reforms equities at a very lower price. And also after it suspended plans to allow foreign in present situation, it is better way to direct investment in multi-brand retail invest in index ETF, as they're flexible sector also weighed on sentiment. Facing and low-cost, and their underlying a harsh political reaction that paralyzed portfolios are protected from the impact the Indian Parliament, the governing of investor trading, tax efficient than Congress Party on Wednesday, 7 most mutual funds. We provide profes-December 2011, suspended plans to sional advisory services and professional allow foreign multibandretailers like training to build right knowledge to Wal-Mart to open stores in India. handle personal investment.Concerns over outcome of European More details send email to

orUnion summit also spooked sentiments.call or visit

Market declined during the third week of the month on data showing decline in industrial production in

Indian Market Outlook forNext Fortnight

Indian Market Fortnight Report

shekarm@indiafinancebazaar.com09380034431

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M.Shekar

Source : Yahoo Finance

The Toronto stock market moved U.S. economy latest figures are higher as investors' appeared to focus on better-than-expected on personal data that lifted their spirits about the spending, income and housing.U.S. economy on the last day of trading The Dow Jones Industrials gained before a holiday break. 124.35 points, or 1%, on the day to

Statistics Canada data indicated that 12,294. The index is up 3.6% for the Canada's economy stalled in October week and 6.1% for the year. after four consecutive month-on-month The S&P 500 picked up 9.77 points increases, a sign the country is feeling to 1,263.77, adding 3.7% for the week the effect of increasing global and 0.6% for the year, while the Nasdaq uncertainty.The report said that the Composite marched ahead 19.19 points output of goods producing industries to 2,618.64, and despite moving up fell 0.2% due to declines in utilities, 2.7% this week, it's still down 1.3% this construction, mining and oil and gas year. extraction. The agency said these A Commerce Department report on declines offset a gain in manufacturing. new home sales showed that new home

All but three of the 14 Toronto construction rose 1.6% in November subgroups moved forward by the close. compared to 1.3% in October. The Industrial issues surged 1%, while figure beat expectations but still shows a energy stocks gained 0.8%, consumer relatively sluggish pace of growth in the discretionaries gained 0.7% housing sector.

TSX Trend Jan1, 2011 to Dec 23, 2011

TSX Trend Dec 9, 2011 to Dec 23, 2011

8

25 DECEMBER 2011 STORY TIMEMONEYDREAMS &

As a man was passing some ele-phants, he suddenly stopped, confused by the fact that these huge creatures were being held by only a small rope tied to their front leg. No chains, no cages. It was obvious that the elephants could, at anytime, break away from their bonds but for some reason, they did not.

He saw a trainer nearby and asked why these animals just stood there and made no attempt to get away. “Well,” trainer said, “when they are very young

bonds but because they believed they and much smaller we use the same size couldn’t, they were stuck right where rope to tie them and, at that age, it’s they were.enough to hold them. As they grow up,

they are conditioned to believe they Like the elephants, how many of us cannot break away. They believe the go through life hanging onto a belief that rope can still hold them, so they never we cannot do something, simply try to break free.” because we failed at it once before?

The man was amazed. These animals Failure is part of learning; we should could at any time break free from their never give up the struggle in life.

THE ELEPHANT ROPEher room. Dressed in his doctor’s gown ne day, a poor boy who was he went in to see her. He recognized her selling goods from door to door Oat once. He went back to the consulta-to pay his way through school, found he tion room determined to do his best to had only one thin dime left, and he was save her life. From that day he gave hungry. He decided he would ask for a special attention to the case.meal at the next house. However, he lost

his nerve when a lovely young woman After a long struggle, the battle was opened the door. Instead of a meal he won. Dr. Kelly requested the business asked for a drink of water. She thought office to pass the final bill to him for he looked hungry so brought him a large glass of milk. He drank it slowly, and then asked, “How much do I owe you?” “You don’t owe me anything,” she replied. “Mother has taught us never to accept pay for a kindness.” He said, “Then I thank you from my heart.”

As Howard Kelly left that house, he not only felt stronger physically, but his faith in God and man was strong also. He had been ready to give up and quit.

Year’s later that young woman became critically ill. The local doctors were baffled. They finally sent her to approval. He looked at it, then wrote the big city, where they called in something on the edge and the bill was specialists to study her rare disease. Dr. sent to her room. She feared to open it, Howard Kelly was called in for the for she was sure it would take the rest of consultation. When he heard the name her life to pay for it all. Finally she of the town she came from, a strange looked, and something caught her light filled his eyes. Immediately he rose attention on the side of the bill. She and went down the hall of the hospital to began to read the following words:

“Paid in full with one glass of milk”

Signed, Dr. Howard Kelly.

Ten Tips to Improve... gears. Change your hand postures you should be frequently to improve circulation and able to drive with your shoulders From Pg. 4reduce fatigue. There are common relaxed and your arms close to the vehicles with a high step up/down postures that should be avoided: sides of your body. If you have to add an extra step or slowly step in and

reach too far forward your steering Ÿ this grip results in out of your vehicle versus jumping wheel may be too far away. You can decreased circulation and muscle down. Over time, the jumping down can try tilting the steering wheel upwards tension. Your grip should be light. If cause compression to your spine. Straps and using a light grasp lower on the your knuckles are white, you are and other hand assist devices for steering wheel.gripping too hard!holding on to should be checked Ÿ frequently for wear and tear. Ÿ You know

this posture decreases the one: the wrist rests at 12 o'clock “the best circulation at the neck and shoulder on the steering wheel and the fingers posture is the next posture.” It is and may compress soft tissue on the flop over the top. Not only does this advisable to keep two hands on your the neck and shoulder, too.arm/wrist.cause compression of soft tissue of steering wheel except when shifting Ÿ

the wrist, but it reduces circulation at

10. Steering wheel grip –

the steering wheel –

The death grip –

One arm propped on your win-The one arm cool dude –dow –

Arms straight out in front to reach

ome time ago, a man punished Shis 3-year-old daughter for wasting a roll of gold wrapping paper. Money was tight and he became infuriated when the child tried to decorate a box to put under the Christmas tree.

Nevertheless, the little girl brought the gift to her father the next morning and said, “This is for you, Daddy.” He It is told that the man kept that gold was embarrassed by his earlier overre- box by his bed for years and whenever action, but his anger flared again when he was discouraged, he would take out he found the box was empty. an imaginary kiss and remember the

love of the child who had put it there.He yelled at her, “Don’t you know that when you give someone a present, In a very real sense, each of us as there’s supposed to be something inside humans have been given a gold con-it?” tainer filled with unconditional love and

kisses from our children, friends, family The little girl looked up at him with and God. There is no more precious tears in her eyes and said,”Oh, Daddy, it possession anyone could hold.is not empty. I blew kisses into the box.

All for you, Daddy.”

The father was crushed. He put his arms around his little girl, and he begged for her forgiveness.

A OF BOX KISSES

Time to get connected to your inner self.

Stories attract people’s attention. People love to listen to stories. A great story-teller can always attract audience.

Story telling isn’t just for children. It’s vital to every profession. Storytelling is a universal language and a core-skill for all presenters. Investors may be more likely to fund a company with an inspiring story. Customers may be more compelled to buy from an entrepreneur. Straight facts are forgettable and boring. Stories compel the audience to listen actively and they can subtly pesuade them. Often no one takes a position to argue against.

Through stories you can build not only a connection with yourself inwardly but also with others. Through this connection, you’ll build confidence, rapport and trust. These are the qualities that make you to grow and influence others. Honesty is part of story telling.

Simply, for us at Dreams & Money, it is a holistic learning solution that could close the literary achievement gap between schools, communities and families.

A Glass of Milk – Paid FullIn