 Monthly Market Overview September 2024 LAST MONTH’S ECONOMIC EVENTS • U.S. Employment Increased by 114,000 Jobs • U.S. Unemployment Rate Increased to 4.3% • Canadian Employment Decreased by -2,800 Jobs • Canada’s Unemployment Rate Unchanged at 6.4% • U.S. Annual Inflation Rate Decreased to 2.9% • Canada’s Annual Inflation Rate Decreased to 2.5% • Canada’s Monthly Retail Sales Decreased by -0.3% • U.S. Monthly Retail Sales Increased by 1.0% • U.S. Second Quarter GDP Growth Rate (Second Estimate) Increased by 3.0% • Canada’s Second Quarter GDP Growth Rate Increased by 2.1% UPCOMING ECONOMIC EVENTS • September 4: Bank of Canada Interest Rate Decision (9:45) • September 6: U.S. Bureau of Labour Statistics Employment Change (8:30) • September 6: U.S. Bureau of Labour Unemployment Rate (8:30) • September 6: Statistics Canada Employment Change (8:30) • September 6: Statistics Canada Unemployment Rate (8:30) • September 11: U.S. Bureau of Labour Statistics Inflation Rate (8:30) • September 17: U.S. Census Bureau Retail Sales (8:30) • September 17: Statistics Canada Inflation Rate (8:30) • September 20: Statistics Canada Retail Sales (8:30) • September 26: U.S. Bureau of Economic Analysis Second Quarter GDP Growth Final 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) | 2.28% | 11.39% | 14.83% | 23346.18 | |
| Dow Jones Industrial Average (U.S.) | 2.01% | 10.28% | 19.13% | 41563.08 | |
| S&P 500 (U.S.) | 3.90% | 18.42% | 25.11% | 5648.4 | |
| NASDAQ 100 (U.S.) | 4.14% | 16.34% | 26.59% | 19574.64 | |
| FTSE 100 (U.K.) | 1.24% | 8.32% | 12.08% | 8376.63 | |
| DAX 30 (Germany) | 2.69% | 12.87% | 18.97% | 18906.92 | |
| CAC 40 (France) | 2.09% | 1.16% | 3.62% | 7630.95 | |
| Sensex Composite (India) | 1.12% | 14.02% | 26.55% | 82365.77 | |
| NIKKEI 225 (Japan) | 0.75% | 15.99% | 20.05% | 38815 | |
| Shanghai Composite (China) | -1.29% | -4.46% | -9.40% | 2842.21 | |
| United States Interest Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| U.S. Treasury Yield – 1 Year | -8.17% | -7.61% | -18.45% | 4.407 | |
| U.S. Treasury Yield – 2 Year | -10.21% | -7.69% | -19.68% | 3.923 | |
| U.S. Treasury Yield – 5-Year | -8.17% | -3.19% | -13.22% | 3.708 | |
| U.S. Treasury Yield – 10 Year | -5.58% | 1.24% | -5.10% | 3.908 | |
| Currency Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Canadian Dollar / US Dollar | 2.67% | -1.80% | 0.45% | $0.7412 | |
| Euro/US Dollar | 2.12% | 0.08% | 1.56% | $1.1050 | |
| US Dollar / Chinese Yuan | -2.31% | 0.19% | -2.58% | ¥7.0931 | |
| Bitcoin / United States Dollar | -10.71% | 39.06% | 129.45% | $59,089.81 | |
| Energy Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| WTI Crude Oil | -1.61% | 2.62% | -9.36% | $73.53 | |
| Natural Gas | 0.13% | -8.50% | -33.07% | $2.13 | |
| Precious Metal Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Gold (Spot) | 3.86% | 21.33% | 28.85% | $2,503.53 | |
| Silver (Spot) | 1.64% | 21.29% | 17.26% | $28.86 | |
| Real Estate (CAD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Greater Toronto Real Estate1 | -1.2% | 3.48% | -5.0% | $1,097,300 | |
| Collectibles (Index) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Fine Wine 1000 Index2 | -0.72% | -7.0% | -11.3% | 385.5 | |
*Data provided by Koyfin unless otherwise stated as of August 30, 2024, 5:00 PM EST. *1. Canadian Real Estate Association GTA Composite Prices ending July 31, 2024.* 2 Live-ex Fine Wine 1000 Index ending July 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 26 Wellington Street East, 2nd FloorToronto, ON M5E 1S2 T: 647-429-3281 ext. 240018 | M: 416-795-6100 Desmond.Rubie@iaprivatewealth.ca iaprivatewealth.ca | |||||
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