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February continued to be positive for stock markets globally. US stocks as measured by the S&P500 led the way, posting a 5.20% return in the month. Canadian stocks as measured by the S&P TSX were up 1.6% and the Euro-Asia Pacific Region as measured by the MSCI EAFE was up 3.80%. Interest rates continue to be a hot topic and though we are beginning to see some Emerging markets cut rates, the expectation is that the FED and BoC will move much more cautiously. The BoC’s next rate decision meeting is March 6 while the FED’s is March 20th.
Published March 12, 2024