Last Week In The Markets:
Nov 26, 2021

Last Week In The Markets:

Equity markets were mixed as commodity price weakness weighed on sentiment. Bond yields fell helping longer duration assets outperform. Oil prices extended declines from elevated levels as major oil importing countries coordinated their efforts to temper this year’s run-up in prices.

The S&P/TSX Composite Index declined led by health care as cannabis producers retraced from their recent rally. Commodity sectors and financials also declined. Canadian retail sales fared better-than expected falling just 0.6% in September versus an expected 1.9% decline. Sales are expected to rebound 1% in October.
The S&P 500 Index (C$) advanced as gains in consumer discretionary and I.T. more than offset weakness in commodity sectors and financials. U.S. retail sales jumped 1.7% in October, a 3rd consecutive monthly gain, as consumer demand remained strong heading into the holiday season.

The MSCI EAFE Index (C$) edged lower as losses in energy and financials more than offset gains in consumer discretionary and I.T.
New COVID-19 lockdowns in parts of Europe raised concerns over global energy demand adding to the recent weakness in oil prices.

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