Loading color scheme

KEEL MAGAZINE

At Eastport, we aim to be your keel, as on a boat – your point of balance, giving you directional stability. We help you get beyond thinking of money as the deep and unpredictable water you’re in. With our knowledge as your ballast, money can be the body that buoys you, propelling your good and purpose-rich life.

January Market Insights

Market & Economic Summary – January, 2021

Despite a resurgence of COVID-19 cases and renewed lockdowns in many regions, markets trended upward during the fourth quarter of 2020, boosted by growing clarity around the outcome of the U.S. presidential election and significant COVID-19 vaccine progress.

 

FOURTH QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits 9-month high of 17,684.1 on December 17th
  • • S&P 500 hits record high of 3,760.2 on December 31st
  • • Canadian dollar hits 32-month high of $0.7880 USD on December 17th
  • • WTI Oil hits 10-month high on December 18th closing at $49.24 USD
  • • Bank of Canada maintains overnight rate at 0.25% in Q4

READ MARKET & ECONOMIC SUMMARY

 

 

Related Articles

Publish modules to the "offcanvs" position.