Volatility, Uncertainty, and a New Political Landscape
Markets were anything but quiet in April. A flurry of shifting trade policies drove significant volatility, with the S&P 500 swinging more than 21% before recovering. The Bank of Canada held rates steady, but its messaging emphasized one theme above all: uncertainty.
Amid this backdrop, Mark Carney’s election win adds a new dynamic to Canada-U.S. relations, with trade talks expected to follow.
Read the full commentary for a closer look at what’s driving markets.
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