Monthly Market Overview October 2024
LAST MONTH’S ECONOMIC EVENTS
- U.S. Employment Increased by 142,000 Jobs
- U.S. Unemployment Rate Decreased to 4.2%
- Canadian Employment Increased by 22,100 Jobs
- Canada’s Unemployment Rate Increased to 6.6%
- U.S. Annual Inflation Rate Decreased to 2.5%
- Canada’s Annual Inflation Rate Decreased to 2.0%
- Canada’s Monthly Retail Sales Increased by 0.9%
- U.S. Monthly Retail Sales Increased by 0.1%
- U.S. Second Quarter GDP Growth Rate (Final Estimate) Increased by 3.0%
- Canada’s Overnight Interest Rate Reduced by 0.25%
- U.S. Federal Funds Interest Rate Reduced by 0.5%
UPCOMING ECONOMIC EVENTS
- October 4: U.S. Bureau of Labour Statistics Employment Change (8:30)
- October 4: U.S. Bureau of Labour Unemployment Rate (8:30)
- October 10: U.S. Bureau of Labour Statistics Inflation Rate (8:30)
- October 11: Statistics Canada Employment Change (8:30)
- October 11: Statistics Canada Unemployment Rate (8:30)
- October 17: U.S. Census Bureau Retail Sales (8:30)
- October 15: Statistics Canada Inflation Rate (8:30)
- October 23: Bank of Canada Interest Rate Decision (9:45)
- October 25: Statistics Canada Retail Sales (8:30)
- October 30: U.S. Bureau of Economic Analysis Third Quarter GDP Growth Initial Estimate (8:30)
1 (Source: Bank of Canada)
2(Source: Statistics Canada)
3(Source: United States Bureau of Labour Statistics)
4(Source: United States Federal Reserve)
5(Source: United Census Bureau)
| Global Stock Markets | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| S&P/TSX Composite (Canada) | 2.79% | 14.50% | 22.81% | 23998.13 | |
| Dow Jones Industrial Average (U.S.) | 1.85% | 12.31% | 26.33% | 42330.15 | |
| S&P 500 (U.S.) | 2.02% | 20.81% | 34.38% | 5762.48 | |
| NASDAQ 100 (U.S.) | 2.48% | 19.22% | 36.33% | 20060.69 | |
| FTSE 100 (U.K.) | -1.67% | 6.51% | 8.27% | 8236.95 | |
| DAX 30 (Germany) | 2.21% | 15.36% | 25.60% | 19324.93 | |
| CAC 40 (France) | 0.06% | 1.23% | 7.02% | 7635.75 | |
| Sensex Composite (India) | 2.35% | 16.69% | 28.06% | 84299.7827 | |
| NIKKEI 225 (Japan) | -2.31% | 13.31% | 19.03% | 37919.55 | |
| Shanghai Composite (China) | 17.39% | 12.15% | 7.27% | 3336.4974 | |
| Hang Seng (Hong Kong) | 17.48% | 23.97% | 18.66% | 21133.68 | |
| United States Interest Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| U.S. Treasury Yield – 1 Year | -8.88% | -15.93% | -26.69% | 4.01 | |
| U.S. Treasury Yield – 2 Year | -7.04% | -14.19% | -27.72% | 3.647 | |
| U.S. Treasury Yield – 5-Year | -3.83% | -6.92% | -22.57% | 3.565 | |
| U.S. Treasury Yield – 10 Year | -3.10% | -1.89% | -17.15% | 3.787 | |
| Currency Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Canadian Dollar / US Dollar | -0.60% | -2.03% | -0.20% | $0.7394 | |
| Euro/US Dollar | -0.44% | 0.85% | 6.02% | $1.1135 | |
| US Dollar / Chinese Yuan | -1.50% | -0.88% | -3.99% | ¥7.018 | |
| Bitcoin / United States Dollar | 8.04% | 50.11% | 129.13% | $63,785.28 | |
| Energy Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| WTI Crude Oil | -7.85% | -4.74% | -23.14% | $68.25 | |
| Natural Gas | 36.68% | 24.87% | -12.27% | $2.91 | |
| Precious Metal Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Gold (Spot) | 5.25% | 27.69% | 42.48% | $2,634.84 | |
| Silver (Spot) | 8.00% | 30.99% | 40.40% | $31.16 | |
| Real Estate (CAD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Greater Toronto Real Estate1 | -1.4% | 2.06% | -4.6% | $1,082,200 | |
| Collectibles (Index) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Fine Wine 1000 Index2 | -0.2% | -7.2% | -10.5% | 384.9 | |
| *Data provided by Koyfin unless otherwise stated as of September 30, 2024, 5:00 PM EST. *1. Canadian Real Estate Association GTA Composite Prices ending August 31, 2024. *2 Live-ex Fine Wine 1000 Index ending August 31, 2024. * This information has been prepared by Desmond Rubie, BCom, CIM®, CFP®, who is a Wealth Advisor for Rubie Wealth Management Group at iA Private Wealth. Opinions expressed in this article are those of Desmond Rubie, BCom, CIM®, CFP® only and do not necessarily reflect those of iA Private Wealth Inc. IA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. Desmond Rubie, BCom, CIM®, CFP® Wealth Advisor Rubie Wealth Management Group | iA Private Wealth Insurance Advisor | iA Private Wealth Insurance* 26 Wellington Street East, 2nd FloorToronto, ON M5E 1S2 T: 647-429-3281 ext. 240018 Desmond.Rubie@iaprivatewealth.ca Schedule a Meeting rubiewealth.com iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. *Insurance products are provided through iA Private Wealth Insurance, which is a trade name of PPI Management Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund. | |||||
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