Category: Updates

Mid-Month Update: Global Stocks Recover from February Slump, but Trade-War Risks Weigh on Outlook

Global equity markets have made a strong comeback through the first half of March, led by a tech-driven resurgence on Wall Street. However, the rise of protectionism in Washington has presented investors with new political and economic risks. Wall Street Leads Global Rebound After an extremely volatile February, U.S. stocks are back in positive territory

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January Market Update: Wall Street Rounds Out Best Month Since 2016; TSX Lags Amid Loonie Strength

The sharp divergence between Canadian and U.S. equity markets intensified in January, as Wall Street scored its best month in nearly two years while the TSX ended lower. The currency markets were also highly volatile after a NAFTA spat prolonged the U.S. dollar’s woes. Wall Street’s Massive Rally Despite a rough finish, U.S. stocks capped

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New Year Market Update: Stocks Open 2018 At Record Highs

Global stock markets started the year on a high note, with Wall Street and Europe scoring their biggest weekly gain in at least eight months.[1] The lively start to the year resumes recent trends for stocks following a somewhat subdued end to December. Record-Setting Week for Wall Street Wall Street delivered its biggest one-week advance

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December Mid-Month Review: U.S. Stocks Surge on Tax Reform and Bitcoin Shoots Higher

Wall Street extended its record-setting pace in December, as Republicans converged on a new tax reform bill that is expected to add nearly $1.5 trillion to the federal debt over the next decade.[1] In alternative assets, Bitcoin prices more than doubled as some major exchanges officially entered the cryptocurrency market. Tax Reform Optimism Lifts U.S.

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U.S., Canadian Stocks End November on Solid Footing

U.S. stocks ended the month of November at record highs, with the Dow Jones Industrial Average closing above 24,000 for the first time. North of the border, Canadian stocks rallied by the most in two months as energy shares rose following a renewed commitment from OPEC to extend output cuts. Dow Hits 24,000 After a

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TSX Ends October at Record as Wall Street Notches Seventh Straight Monthly Advance

North American and European markets posted healthy gains in October, as rebounding energy prices and a synchronized global recovery fueled risk appetite at the start of Q3. TSX Roars Back October was the month that Canadian stocks made a roaring comeback, fueled by stronger bank and energy shares. The benchmark S&P/TSX Composite Index notched multiple

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October Mid-Month Review: Wall Street’s Record-Breaking Rally Continues as TSX Approaches Eight-Month High

October has been a favourable month for North American markets, with Wall Street resuming its record-breaking run and the TSX notching fresh eight-month highs. Upbeat earnings, rebounding financials and a nearly six-month high in energy prices have underpinned the latest equities rally. Wall Street: The Bull Keeps Running U.S. stocks are up across the board

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September Market Update: Wall Street at Record Highs as TSX Turns in Reasonably Strong Q3 Performance

September was a solid month for North American markets. Canada’s benchmark TSX notched four-month highs as heavyweight financials climbed and energy stocks responded to an upsurge in oil prices. On Wall Street, it was business as usual as the main equity indices rallied to new record highs. Monetary policy developments and volatility on the geopolitical

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Market Update: Canada’s Economic Resurgence Fails to Lift TSX as Wall Street Erases Losses

Canada’s economy blew past expectations in the second quarter, as the nation continued to benefit from robust consumer spending and a synchronized global recovery. However, four straight quarters of above-potential growth has done very little to lift Canadian stocks, which continue to straddle near the breakeven level for the year. Meanwhile, U.S. stocks ended a

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