Anticipated volatility in September didn’t come as expected. Though markets wobbled at the beginning of the month, risk appetite and optimism came back in a hurry following the Fed jump-starting its easing cycle with a 50-bps cut mid-month. With more rate cuts on the horizon, markets pushed to all-time highs this month in both Canada and the United States. Focus has now shifted towards the data, Q3 earnings, and of course the U.S. election in November. The path ahead remains uncertain with the fog of the election all around. Regardless of the limited visibility, markets appear cautiously confident.

Click here for a copy of the report.