Market Update: September 2020

The stock markets continued to rise in the month of August despite a resurgence in Covid-19 cases in many parts of the world. India and Argentina saw dramatic spikes in their 5-day average cases while the United States and Brazil have seen a lower rate of cases by the same measure (Source John Hopkins University Data). The TSX was up 2.35% while the S&P 500 (in CAD terms) was up 4.09% for the month. The Canadian Universe Bond index fell 1.62% and 10-year government of Canada Bond yields rose from 0.46% to 0.63%. The Bank of Canada has committed to maintaining their 0.25% rate for the foreseeable future and the US Federal Reserve has indicated that it plans on keeping their rate between 0% and 0.25% until at least 2023.

Read the Full Article

Protecting & Growing Your Wealth and Future

Follow Us:

Woodstock Office

112 Springbank Avenue

Woodstock, ON N4S 7P8

Phone: 519-539-8212

Toll-Free: 1-888-539-8212

Find us on Google Map

Burlington Office

200-5045 South Service Road

Burlington, ON L7L 5Y7

Phone: 905-319-8977

Toll-Free: 1-844-319-8977

Find us on Google Map