James M. DiCenzo, Portfolio Manager & Senior Investment Advisor

Market Notes, January 2021

For twenty years, James has been writing personal commentary on the markets, investing, government, taxation and strategies to help his clients stay focused on their long-term investment goals while navigating market cycles and political change.

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James M. Di Cenzo FCSI® Portfolio Manager CIM® | Senior Investment Advisor | Telephone: 905-336-1364 or Toll Free: 866-336-1364 | Email: james.dicenzo@iagto.ca

Burlington Main Office: 1001 Champlain Ave, Suite 201, Burlington, ON L7L 5Z4 Toronto Office: 26 Wellington St E, Suite 900, Toronto, ON M5E 1S2

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"If everyone is moving forward together, then success takes care of itself." Henry Ford

This information has been prepared by James M. DiCenzo, Portfolio Manager | Senior Investment Advisor for Industrial Alliance Securities Inc. (IAS) and does not necessarily reflect the opinion of IAS. The information contained in this document comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the time of publication and are subject to change. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. For more information about IAS, please consult the official website at www.iasecurities.ca. The Investment Advisor can open accounts only in the provinces where he is registered. Industrial Alliance Securities Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Securities is a trademark and business name under which Industrial Alliance Securities Inc. operates.

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