The third quarter of 2024 saw global equity markets close higher, with major indices like the S&P/TSX Composite Index and S&P 500 Index showing significant gains. This positive performance was driven by falling inflation rates and interest rate cuts, which outweighed the periods of volatility in August and September. Canadian and U.S. bonds also rose during this period as yields continued to decrease.
THIRD QUARTER HIGHLIGHTS
- • S&P/TSX Composite hits a new all-time high of 24,107.00 on Sep 29th
- • S&P 500 hits a new all-time high of 5,765.14 on Sep 30th
- • Canadian dollar range bound ending quarter at $0.7393 USD
- • WTI Oil found an 18-month low of $65.27 USD on Sep 10th
- • Bank of Canada lowered overnight rate by 0.50% to 4.25%
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