Monthly market snapshot

Nova Finance November 13 2024

Market outlook

November 2024

Monthly Market Snapshot

Monthly Overview. October was a turbulent month for stock markets, but broadly, equities managed to eke out gains from a Canadian investor’s perspective. Third-quarter earnings season for S&P 500 companies is in full swing, and results have been generally positive, although guidance has been cautious.

October 2024

Monthly Market Snapshot

Monthly Overview. Stocks rose in September, wrapping up a volatile quarter that featured rate cuts from central banks across the world. Equity markets displayed strong performance despite the fact that September is historically the worst-performing month of the year. Canada’s benchmark S&P/TSX Composite Index was up 2.8% in September and posted a 9.7% gain for Q3.

September 2024

Monthly Market Snapshot

Monthly Overview. Major stock markets ended August at or near record highs after recovering from corrections at the beginning of the month, setting the stage for a September that may see interest rate cuts on both sides of the border.

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.