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After taking a breather in the middle of July, North American stock markets continued their climb through the summer before ultimately dropping off in the Month of September for a negative finish to the quarter.
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Summer is here, and it couldn’t have come soon enough! After what was initially perceived by many as an underwhelming vaccine rollout, Canada has surged into the lead globally with regards to vaccinating its population against COVID19, and with that much of Canada finally entered their long-awaited re-opening phases! Hooray!
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Global stock markets got off to a good start in 2021 with most markets rising quickly for the first 6 weeks of the year. What followed was a sell-off lasting nearly 3 weeks as markets re-treated before stabilizing and recovering later in March.
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2020 has come and gone. What a wild and weird year it was – one that will most certainly be remembered as a year to be forgotten.
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Equity markets had another strong quarter led by mega-cap technology stocks, which we increased in our Balanced and Growth portfolios this quarter.
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