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.

Eastport Market and Economic Summary January 2023

Eastport Market and Economic Summary – January 2023

Investors experienced a turbulent ride in 2022. Inflation, central bank rate hikes, oil prices, supply chain disruptions and the Russia-Ukraine conflict cast a long shadow on markets, causing extreme volatility and dominating financial headlines 24/7.

 

FOURTH QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits 19 month low of 18,111.60 on October 12th
  • • S&P 500 hits 23-month low of 3,573.86 on October 12th
  • • Canadian dollar hits 29-month low of $0.7216 USD on Oct 16th
  • • WTI Oil drops 43.1% from June high hitting $70.08 USD on Dec 9th
  • • Bank of Canada increased overnight rate by 1.00% to 4.25% in Q4

READ MARKET & ECONOMIC SUMMARY

 

 

Publish modules to the "offcanvs" position.