Market Update – July Edition: Earnings Lift Wall Street to New Records; Bank of Canada Joins Fed in Raising Rates
Wall Street’s bull run intensified last month, as upbeat corporate earnings lifted the major indexes to multiple record highs. North of the border, Canadian stocks capped off another disappointing month, as the loonie rose to multiyear highs following the Bank of Canada’s decision to raise interest rates. U.S. Stocks Surge on Earnings, Slow-Go Fed Wall