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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.

Market & Economic Summary – July 2021

Market & Economic Summary – July 2021

The global economy continued to recover in the second quarter helped by the rollout of COVID-19 vaccines, U.S. fiscal stimulus programs and supportive monetary policies from the Fed and other major central banks.

 

SECOND QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits an all-time high of 20,295.2 on June 16th
  • • S&P 500 hits record high of 4,302.43 on June 30th
  • • Canadian dollar hits 6-year high of $0.8328 USD on May 31st
  • • WTI Oil hits 32-month high on June 25th closing at $74.05 USD
  • • Bank of Canada maintains overnight rate at 0.25% in Q2

READ MARKET & ECONOMIC SUMMARY

 

 

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