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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.

October Market Insights

Market & Economic Summary – October 2021

U.S, Canadian and global equity markets started Q3 where Q2 ended, confidently charting a course forward. By the end of August, equities had notched a seventh straight month of gains, with the S&P 500 Index finishing near its all-time high and the TSX Composite Index on its longest winning streak in four years.

 

THIRD QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits an all-time high of 20,897.60 on September 7th
  • • S&P 500 hits record high of 4,545.85 on September 2nd
  • • Canadian dollar hits 7-month low of $0.7723 USD on August 19th
  • • WTI Oil hits 35-month high on September 28th closing at $76.67 USD
  • • Bank of Canada maintains overnight rate at 0.25% in Q3

READ MARKET & ECONOMIC SUMMARY

 

 

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