The surge in the TSX this year has owed a lot to the strength in gold prices, rather than reflecting domestic economic conditions. Accordingly, the near record high in the TSX this week will have little bearing on monetary policy, with the Bank of Canada set to resume cutting interest rates next week.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services