RBC Dominion Securities Headline wisi enim ad minim veniam autem vel eum iriure dolor Intro text is Meta LF nulla. Suspendisse The Piazza Group’s Quarterly Newsletter Fall 2008 Bold dolor sit amet, luctus sodales ante. consectetuer investing Quisque vitae sem elit, sed diam—that the vitae mi tincidunt nummy nibith euismod lobortis. Vestibulum Wall Street West News tincidunt but laoreet nec felis. dolore magna a liquam Suspendisse is volutpat. potenti. Donec laoreet lorem at When it wisi enim ad diam. Suspendisse Welcome & Thank You minim veniam, quis potenti. Integer nostrud exerci tation Welcome to all the new clients who ligula lorem, com- ullamcorper this ipit have joined us since our last modo eget, lobortis—but aliquip newsletter. pharetra nec, ali- ex each of the com- Thanks to the people who quam a, ligula. modo consequat. Duis recommended our services. Nam suscipit erat. autem vel eum iriure In quis nunc. dolor in hendrerit into Pellentesque Views and opinions vulputate velit esse molestie consequat, nulla. Nullam mauris. Nulla porta tortor mauris ante, tempor in, lobortis a, dig- for the clients and friends of Dear Clients and Friends, vel illum dolore, eu feugiat nulla facil- eu risus aliquet ultricies. Ut interdum nissim a, diam. Donec quis Bobby L. Piazza isis at vero eros et accumsan et iusto tempor lectus. Nulla congue sem sed Vice-President We would generally dedicate part of our newsletter to the global fi nancial crisis, ligula.vulputate velit esse molestie con- odio dignissim qui blandit. Nulla ipsum nulla. Aenean vel sem quis urna luctus 514-630-7841 but the 24/7 coverage that has been a constant since the summer, has covered sequat, vel illum dolore, eu feugiat nulla [email protected] orci, mattis congue, volutpat at, viverra tincidunt. Morbi nisl. Nulla a lacus. facilisis at vero eros et accumsan et www.bobbypiazza.com every possibility that may occur after the world’s central bankers have agreed dapibus, dolor. Fusce eu risus. Mauris Proin vulputate tellus a tellus. Duis iusto odio dignissim qui blandit. Nulla to provide capital and liquidity to the fi nancial system. With the fi nacial crisis Jenny Tsakalis - Associate Advisor nearing an end, we cannot help but wonder about another reality that he have Administration & Client Services 514-630-5287 been anxious to see come to an end and that is the bear market that has Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund invest- [email protected] accelerated its losses in September and the fi rst two weeks of October. The ments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently economy is the driving force behind the equity markets and if you believe that and past performance may not be repeated. The indicated rate(s) of return is (are) the historical annual compounded the economy will emerge from the general slowdown, then you must believe total return(s) and does (do) not take into account sales, redemption, distribution or optional charges or income taxes Jason Cotie - Associate Advisor payable by any securityholder that would have reduced returns. Returns as of [DATE HERE]. Mutual fund securities are not covered by the CDIC or Business Development & Marketing in a turn around in the equity markets as well. Nobody knows the exact timing by any other government insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant 514-630-5348 of when the markets will move higher, but we do know that it will happen. amount or that the full amount of your investment in the fund will be returned to you. *The specific amount of tax credits and minimum holding [email protected] period will depend on the individual's province of residence and type of fund purchased. Tax credits will be refunded if shares are redeemed The only constant in our lives is change. We always remember the past as being prior to the end of the minimum holding period (which may be at least 8 years). Availability of tax credits are subject to certain conditions. such a glorious time without any of the tough issues that we are faced with †Annualized performance of the Strategy Focus List since Dec 31, 1984, as of [DATE HERE], does not take into consideration management fees or other account expenses. The actual annualized performance of today. But there have always been issues; the only difference is the ones we the Strategy Focus List is lower than that disclosed when adjusted to reflect management fees and other account expenses. Past performance may not be repeated. **Rates [and/or yields] as of [DATE HERE]. Rates [and/or yields] are subject to change and availability. Investment Trust Units are sold by RBC Dominion Securities Inc. There may be commissions, trailing commissions, management fees and expenses faced in the past have been taken care of and in hindsight, for the most part associated with Investment Trust investments. Please read the prospectus before investing. Investment Trusts are not guaranteed, their values change frequently and past performance may not be repeated. Flow- through investments may not be suitable for all investors. Please read the prospectus before investing. Past performance may not be repeated and there is no guarantee of a return on your initial investment. INDEX YTD were not as bad as they seemed at the time. I have a few more comments on The specific amount of tax credits will depend on the individual's province of residence. This material does not constitute an offer to sell or a solicitation to buy any security. A preliminary prospectus relating to these securities has been filed with the required securities regulator(s). Securities laws prohibit RBC Dominion Securities Inc. from accepting an offer to buy these securities until the final prospectus is filed with the next page. or other authority is granted by the required securities regulator(s). This publication shall not constitute an offer to sell or the solicitation of an offer to buy the mentioned securities. Any U.S. recipient of this - S&P/TSX Composite -15.0% report that is not a registered broker-dealer or a bank acting in a broker or dealer capacity and that wishes further information regarding, or to effect any transaction in, any of the securities discussed in this Luca has started kindergarden at St. Paul’s school and is honing his hockey report, should contact and place orders with RBC Dominion Securities Corporation, a U.S. registered broker-dealer at (212) 361-2619, which, without in any way limiting the foregoing, accepts responsibility - DJIA -18.2% (within the meaning and for the purposes of Rule 15a-6 under the U.S. Securities Exchange Act of 1934), for this report and its dissemination in the United States. RBC Dominion Securities Inc. will not be respon- skills at the rink once a week. The little guy is defi nitely growing up quickly. sible for any contest entries that are lost, misdirected, illegible, stolen, incomplete or delayed for any reason. We are hereby released from all liability, losses, damages and expenses or claims related to the con- test. We may contact you regarding our products and services based on the information you have provided on the contest entry form. This newsletter is not intended as nor does it constitute tax or legal advice. - S&P 500 -20.6% Readers should consult their own lawyer, accountant or other professional advisor when planning to implement a strategy. The information contained herein has been obtained from sources believed to be reli- Remember- feel free to contact us, if there is anything you would like to discuss. able at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, - NASDAQ -21.1% or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have As at September 30 2008 May the fall bring you thanks for your health and family! been considered properly and that action is taken on the latest available information. The strategies and advice in this newsletter are provided for the general guidance and benefit of our clients. Readers should consult their own Investment Advisor when planning to implement a strategy. Interest rates, market conditions, special offers, tax rulings, and other investment factors are subject to sometimes-rapid change. This commentary is based on information that is believed to be accurate at the time of writing, and is subject to change. All opinions and estimates contained in this report constitute RBC Dominion Securities Inc.'s judgment as of the date of this report, are subject to change without notice and are provided in good faith but without legal responsibility. Interest rates, market conditions and other investment factors Bobby, Jenny & Jason are subject to change. Past performance may not be repeated. The information provided is intended only to illustrate certain historical returns and is not intended to reflect future values or returns.