Market Update – July 2023

The latest recap shared happenings and movements that have impacted the market. The Bank of Canada raised rates by 25 basis points, bringing the overnight rate to 5%, as they commit to driving down inflation rates. This decision was in line with expectations and was driven by strong economic data over the past few months. And, in the U.S., strong equity performance last week was driven by very promising data around a cooling inflationary environment.

This video from Optimize Wealth Management discusses some of these important market events and our perspective as we move forward.