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Equity markets were mixed this week, with the Federal Reserve all but locking in a July rate cut, while the Bank of Canada stood firmly on the sidelines. The S&P 500 rose 0.8%, punching above the 3,000 level for the first time. Last week, we described what looked like a clear technical breakout above the range that was set in early-2018—that was reinforced this week. Meantime, the TSX dipped 0.3%, and has retaken its usual position in the back seat to the U.S. indices.
Director and Senior Economist
Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing Canadian regional economic, fiscal and real estate trends. Robert regularly...
Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing Canadian regional economic, fiscal and real estate trends. Robert regularly...
VIEW FULL PROFILEEquity markets were mixed this week, with the Federal Reserve all but locking in a July rate cut, while the Bank of Canada stood firmly on the sidelines. The S&P 500 rose 0.8%, punching above the 3,000 level for the first time. Last week, we described what looked like a clear technical breakout above the range that was set in early-2018—that was reinforced this week. Meantime, the TSX dipped 0.3%, and has retaken its usual position in the back seat to the U.S. indices.
Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing Canadian regional economic, fiscal and real estate trends. Robert regularly...
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