Week In Review
Monday, October 5th, 2009
Equity markets were off the past week. Canadian equities fell 2.15%, the US fell 2.62% and Europe fell 3.4%. The international benchmark dropped 3.86%. Domestic bonds rose by 0.49%. This was partly due to disappointment surrounding the release of US unemployment rates that came in much higher than forecast. In Canada GDP figures released showed that Canada’s economic output was at the same level in July as June: manufacturing activity was up but this was offset by temporary reductions in mining activity. This week’s upcoming events include releases on levels of US international trade, and in Canada figures for housing starts and updated employment data.
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