My thoughts on the Market Statistics for May 2008.
• Prices in the Canadian and US government bond markets continued to drop for all maturities (increasing yields) as funds moved back into equity markets.
• The TSX gained 5.8% due primarily to strong commodity prices, the S&P500 gained 1.3% and the MSCI EAFE gained 1.4%.
• The Canadian dollar remained in the range in which it has been trading all year, between $0.97 USD and $1.03 USD. The price of oil rose to a high of $135 USD per barrel, up 33% since the beginning of the year.
Market Statistics May 2008 (PDF)
Statistiques de marché Mai 2008 (PDF)
The latest statistics are regularly available in the Broadcast Centre, Market Statistics and you'll find my comments archived in my Market Statistics & Commentary page.