Financial News

Vitality Wealth Management provides the latest updates on the market, economy, wealth management and financial planning.

Market Update

The April 9th weekly bottom line by Meagan Daniell:

United States
• U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher
corporate taxes announced by the Biden administration.
• A few dark spots in the short-term outlook are supply chain disruptions, which are pushing up prices and weighing
on deliveries in the services sector, as well as imports and exports.

Canada
• Canada registered an above-consensus, 303K gain in employment in March. The details of the report were solid, but
optimism was tempered by a third wave of infections that is prompting renewed restrictions across the country.
• Housing markets also took center stage. Regional data pointed to continued strength in activity in March. Concerns over
housing market froth contributed to a new stress test rule by the Office of the Superintendent of Financial Institutions.

Global
• G20 countries met this week to discuss a myriad number of issues facing the global economy. They agreed to boost the IMF’s
reserves, extend debt service payments for low-income emerging markets (EMs) and called for international tax cooperation.
• Climate change and protectionism also made a comeback. The two issues had been conspicuously absent from recent
G20 meetings.

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