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Market & Economic Environment Global equities turned in a mixed performance in July, with North American and European indices adding to their substantial gains from the first half of the year, while some major Asian bourses including Hong Kong, China and Japan posted significant declines for the month. The TSX advanced 0.61% last month, bringing […]
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Equities continued to power ahead in June, as the TSX Composite traded over 20,000 for the first time and the S&P 500 capped its second-best performance in the first half of a year since 1998. The TSX advanced 2.2% last month, led by outsized gains in the technology sector (+18.2%); the energy sector rose 5.8% […]
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Market & Economic Environment The TSX Composite reached a new record high in May, boosted by its substantial weighting in cyclical sectors, while U.S. indices traded sideways in the month. The index gained 3.3% last month, reaching an intra-day record level of 19,914.01 on May 31. The Canadian benchmark’s gains for the month were led […]
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The TSX Composite and U.S. indices reached new highs in April, buoyed by strong economic data and progress on the Covid-19 vaccination rollout. The Canadian economy expanded in March for the 11th straight month, while U.S. GDP accelerated to a 6.4% annual rate in the first quarter as personal consumption – the biggest part of […]
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Market & Economic Environment The global equity rally resumed last month after a brief hiatus in January, with North American indices trading at new highs before surging bond yields in the last week of February triggered a pullback. The TSX advanced 4.2% in February, driven by robust gains in multiple sectors – information technology (+9.9%), […]
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Market & Economic Environment The record-setting rally in global equities came to a temporary halt in the last week of January, as stocks posted their worst weekly performance in three months. Investors were unnerved by surging prices for the most heavily shorted stocks like GameStop, on concern that hedge funds would have to reduce their […]
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