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Weekly Market Update
Jun 10, 2021

Global equities strengthened buoyed by strong gains in the energy sector as WTI Oil (US$) prices reached a 2-year high.
Global government bond yields drifted lower as employment data in the U.S. and Canada fell short of expectations.
The S&P/TSX Composite Index advanced led by energy and income proxy sectors (communications, utilities, and real estate).
Canadian employment fell 68,000 in May steeper than the 25,000 pullback expected as restrictions remained in place.
The S&P 500 Index (C$) advanced led by energy, real estate, financials, and I.T. Health-care and consumer discretionary declined.
U.S. nonfarm payrolls rose 559,000 in May as restriction eased, however, this was less than the 675,000 payroll gains expected.
The MSCI EAFE Index (C$) advanced led by energy, consumer discretionary, and real estate. Communications declined slightly.

 

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