Brad notes market returns continue to be positive as we enter September

Bradley Goldhar - Sep 03, 2021
Hard to believe it’s already September. Stock market returns in August were positive and the Toronto Stock Exchange has now posted 10 consecutive months of gains matching the run it had in 2016 and 2017.

The US market is not far behind with consecutive gains over the past 7 months. Good corporate

earnings, in addition to persistently low interest rates, are providing support to the stock market
environment while the world still struggles to manage through the Pandemic. Brian Belski is BMO’s
Chief Investment Strategist and this week he raised his end-of-year estimates for both stock markets -
he expects the Canadian and US markets to gain a further 6% by year-end supported by higher
corporate earnings.



Return in 2021

Canada - S&P/TSX Composite


US - S&P 500


Source: S&P Global, Values as of August 31

Have a great long weekend and please stay safe,