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

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.

 

Index	Return in 2021
Canada - S&P/TSX Composite	+20.2%
US - S&P 500	+21.6%

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


Have a great long weekend and please stay safe,
Brad

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