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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.

Fourth Quarter image

Eastport Market and Economic Summary – January 2024

The start and end of 2023 presented starkly different scenarios for investors. The year began with trepidation following a tumultuous 2022 but concluded on a high note as inflation slowed and equities yielded substantial returns.

 

FOURTH QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits 20-month high of 21,091.10 on Dec 27th
  • • S&P 500 hits 23-month high of 4,793.30 on Dec 28th
  • • Canadian dollar hits 42-month high of $0.7199 USD on Oct 31st
  • • WTI Oil strikes 6-month low of $67.71 USD on Dec 13th
  • • Bank of Canada maintained overnight rate at 5.00% in Q4

READ MARKET & ECONOMIC SUMMARY

 

 

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