After a long battle, the Keystone XL pipeline project has officially been scrapped. TC Energy, the pipeline developer, announced this month that they would no longer pursue the project. President Biden had previously
Canadian and U.S. equity markets rose through the month, with the S&P/TSX 60 up 4.60% and the S&P 500 up 0.18%, which ended the month early on 28‐May as U.S. markets were closed for Memorial Day. The TSX has…
Financial markets showed broad‐based strength through the month as the economic recovery continued. Although COVID‐19 cases were rising in some regions, investors showed…
It has been one year since the S&P 500 hit a bottom on March 23rd. Since then, the index had gained nearly 75% and is showing few signs of slowing. The S&P/TSX Composite has similarly returned over…
During the month, yields on long‐dated government bonds spiked, representing the growing unease market participants are having with higher inflation expectations. These higher yields carried through …
Last month seemed to have a different market‐shaping event every other day. While the introduction of a vaccine will help mitigate some future volatility around COVID‐19 infection rates, it’s already obvious 2021 will not…