10/12/2024
Two years ago, on October 12, 2022, inflation was above 7% in Canada and the U.S., central banks were in the midst of a historically aggressive rate hiking-campaign, and the S&P 500 had dropped 25% off its high. However, widespread pessimism at the time gave way to a new bull market, which continues to this day. Since then, stocks have gained 35% in Canada and 60% in the U.S., and the S&P 500 has reached 45 new record highs. As we mark the two-year anniversary of the bull market, we assess how the economic and market environment has evolved and explore what might come next.
How did the markets perform this week? Get the highlights and the latest economic news.