Market Update – Fall 2024
Featuring Karen Hubbard, Vice President, Client Advisory Services, Educators Financial Group
As we enter the final quarter of 2024, the Canadian market continues to experience mixed performance driven by a number of factors:
- Despite avoiding a formal recession, challenges like declining GDP and rising unemployment persist. The Bank of Canada has cut interest rates to stimulate economic activity, with more cuts expected.
- In the US, the Federal Reserve is also working to bring inflation back to pre-pandemic levels.
- Technology is driving returns across major US indices, but investors should be cautious due to high valuations.
- With the US election approaching, expect short-term market volatility, though long-term stability is likely as economic fundamentals regain focus.
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If you need assistance with registration or would like to discuss any upcoming financial events, we’re here to help. Reach out to schedule a meeting today. Thank you for your continued trust in our services.
