Monthly market snapshot

Nova Finance August 17 2024

Market outlook

August 2024

Monthly Market Snapshot

Monthly Overview. Stocks experienced a bit of turbulence in July, but despite this, North American market indices were higher for themonth, and the S&P/TSX Composite Index reached an all-time closing high on July 31. Commodity names and higheryielding stocks were the catalysts there. 

July 2024

Monthly Market Snapshot

Monthly Overview. Canadian stock markets mostly remained stagnant in the second quarter despite attempting to maintain the positive momentum brought on by the Bank of Canada’s June rate cut, while U.S. stocks finished the quarter strongly. 

June 2024

Monthly Market Snapshot

Monthly Overview. Stocks rebounded in May across Canada and the U.S. as strong earnings numbers eased investor fears about inflation and potentially delayed interest rate cuts. The S&P/TSX Composite Index rose, but experienced volatility due to commodity prices.

May 2024

Monthly Market Snapshot

Monthly Overview.Equity markets on both sides of the border experienced a slowdown in April, pausing an aggressive run-up that kicked off in November. Escalating tensions in the Middle East, a reconsideration of the Fed’s approach to its policy rate and stubborn inflation all contributed to the slowdown.