Global equity markets advanced over November as expectations grew that the U.S. Federal Reserve Board (“Fed”) would soon begin slowing the pace of its interest-rate hikes. The Fed raised the target range of its federal funds rate by 75 basis points (“bps”) to 3.75%-4.00% early in the month, but the minutes suggested officials are beginning to consider a slowdown in the pace of rate increases. Inflation remained elevated globally, particularly in Europe and the U.K., where both are experiencing deteriorating economic conditions. In Canada and the U.S., October’s inflation rate moderated but remained broad-based and still at levels well above their central bank’s targets.
In Canada, the S&P/TSX Composite Index finished higher, benefiting from the strong performance of the Materials sector. In the U.S., the S&P 500 Index rose higher, also led by the Materials sector. Materials stocks were buoyed by rising gold prices. Meanwhile, the price of oil fell over November, with Europe considering a cap on Russian oil prices. Yields on 10-year government bonds in Canada and the U.S. declined over the month.
Introduction Central bank rate announcements dominated the headlines in March. Most held steady, while pointing…
Introduction Global equity markets moved higher over the month of February. Investors held largely positive…
Introduction Global equity markets edged higher over January. Sentiment was largely mixed as investors parsed…
Introduction Investor sentiment improved in December on rising expectations that major central banks, including the…
Introduction Investor sentiment improved in December on rising expectations that major central banks, including the…
To give you information for updated tax rates, click on the link below: Essential tax…