GPW Investment Insights
Woodstock Office: 112 Springbank Ave N. Tel: 519-539-8212 | 1-888-539-8212
Burlington Office: 200-5045 South Service Rd. Tel: 905-319-8977 | 1-844-319-8977

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

Copyright by Green Private Wealth of Harbourfront Wealth Management Inc. All Rights Reserved. No portion of this site may be replicated without permission.