 Monthly Market Overview November 2024 LAST MONTH’S ECONOMIC EVENTS U.S. Employment Increased by 254,000 Jobs U.S. Unemployment Rate Decreased to 4.1% Canadian Employment Increased by 46,700 Jobs Canada’s Unemployment Rate Decreased to 6.5% U.S. Annual Inflation Rate Decreased to 2.4% Canada’s Annual Inflation Rate Decreased to 1.6% Canada’s Monthly Retail Sales Increased by 0.4% U.S. Monthly Retail Sales Increased by 0.4% U.S. Third Quarter GDP Growth Rate (Initial Estimate) Increased by 2.8% Canada’s Overnight Interest Rate Reduced by 0.50% to 3.75% UPCOMING ECONOMIC EVENTS November 1: U.S. Bureau of Labour Statistics Employment Change (8:30) November 1: U.S. Bureau of Labour Unemployment Rate (8:30) November 7: U.S. Federal Reserve Federal Funds Interest Rate Decision (14:00) November 8: Statistics Canada Employment Change (8:30) November 8: Statistics Canada Unemployment Rate (8:30) November 13: U.S. Bureau of Labour Statistics Inflation Rate (8:30) November 15: U.S. Census Bureau Retail Sales (8:30) November 19: Statistics Canada Inflation Rate (8:30) November 22: Statistics Canada Retail Sales (8:30) November 27: U.S. Bureau of Economic Analysis Third Quarter GDP Growth Rate Second Estimate (8:30) November 29: Statistics Canada Third Quarter GDP Growth Rate (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) | 0.65% | 15.26% | 27.99% | 24156.87 | |
| Dow Jones Industrial Average (U.S.) | -1.34% | 10.81% | 26.35% | 41763.46 | |
| S&P 500 (U.S.) | -0.99% | 19.62% | 36.04% | 5705.45 | |
| NASDAQ 100 (U.S.) | -0.85% | 18.21% | 38.03% | 19890.42 | |
| FTSE 100 (U.K.) | -1.66% | 4.75% | 10.64% | 8100.57 | |
| DAX 30 (Germany) | -1.42% | 13.73% | 28.64% | 19051.4 | |
| CAC 40 (France) | -3.88% | -2.70% | 6.59% | 7339.5 | |
| Sensex Composite (India) | -5.83% | 9.90% | 24.29% | 79389.0631 | |
| NIKKEI 225 (Japan) | 3.06% | 16.79% | 26.65% | 39081.25 | |
| Shanghai Composite (China) | -1.70% | 10.25% | 8.65% | 3279.8244 | |
| Hang Seng (Hong Kong) | -3.86% | 19.18% | 18.73% | 20317.33 | |
| NIFTY 50 | -6.22% | 11.38% | 26.87% | 24205.3496 | |
| United States Interest Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| U.S. Treasury Yield – 1 Year | 6.71% | -10.29% | -21.64% | 4.279 | |
| U.S. Treasury Yield – 2 Year | 14.64% | -1.62% | -17.55% | 4.181 | |
| U.S. Treasury Yield – 5-Year | 16.75% | 8.67% | -13.62% | 4.162 | |
| U.S. Treasury Yield – 10 Year | 13.20% | 11.06% | -12.06% | 4.287 | |
| Currency Rates | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Canadian Dollar / US Dollar | -2.94% | -4.92% | -0.78% | $0.7176 | |
| Euro/US Dollar | -2.27% | -1.44% | 2.51% | $1.0882 | |
| US Dollar / Chinese Yuan | 1.43% | 0.54% | -2.66% | ¥7.1183 | |
| Bitcoin / United States Dollar | 9.44% | 64.29% | 96.86% | $69,809.87 | |
| Energy Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| WTI Crude Oil | 3.40% | -1.62% | -12.44% | $70.49 | |
| Natural Gas | -7.37% | 16.36% | -28.99% | $2.71 | |
| Precious Metal Prices (USD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Gold (Spot) | 4.21% | 33.06% | 38.39% | $2,745.52 | |
| Silver (Spot) | 4.86% | 37.34% | 42.99% | $32.67 | |
| Real Estate (CAD) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Greater Toronto Real Estate1 | -1.2% | 0.78% | -4.6% | $1,068,700 | |
| Collectibles (Index) | |||||
| Name | Monthly (%) | 2024 (%) | 1 Year (%) | Ending Value | |
| Fine Wine 1000 Index2 | -1.87% | -8.9% | -10.29% | 377.7 | |
| *Data provided by Koyfin unless otherwise stated as of October 31, 2024, 5:00 PM EST.*1. Canadian Real Estate Association GTA Composite Prices ending September 30, 2024.*2 Live-ex Fine Wine 1000 Index ending September 30, 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. *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. 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 Meetingrubiewealth.com | |||||
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