October 5, 2022

Markets gave back some more ground on Thursday as the focus returned to how much higher interest rates are going. Central banks in the U.S and Canada signaled hat they are far from done with raising rates.

The S&P 500 was down 1.0% and Toronto was down 1.3%.

Most stocks were down on the say. Toll Brothers was an interesting exception as it rose 2.1%.

The market is now awaiting the U.S. jobs report out tomorrow. The hope is that the unemployment  will be up indicating that the higher interest rates are cooling the economy as intended.

 

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