Snowbirds Wealth Management of Raymond James LTD.

08/30/2026

What happened last week?
The collapse of trade and tariff negotiations continued to dominate the news cycle in Canada. In addition to trade, markets reacted to domestic economic growth and elevated U.S. consumer inflation that drew close attention from the Federal Reserve Chair. For equities the overall reaction was muted with the TSX slightly down after a new record high closing level was reached early in the week, and American indexes each gained less than 1 percent. The Canadian dollar, gold, oil and bonds were all down.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: Aug 24-28, 2026     What happened last week? The collapse of trade and tariff

08/24/2026

What happened last week?
About 90 minutes before Trump’s 50% tariffs on more than $20 billion of Canadian imports were to take effect a three-day pause was announced by the President on social media. No details were released; negotiators have additional time to arrive at a comprehensive arrangement. The extra time did not provide a solution, and negotiations ended without a deal. The details from the Canadian perspective were communicated to the nation in an address by Prime Minister Carney. No deal is better than a bad deal from the Canadian perspective as they sought access to U.S. markets, and the Americans “asked too much and offered too little” according to Carney’s summary.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: Aug 17-21, 2026     What happened last week? About 90 minutes before Trump’s

08/17/2026

What happened last week?
The TSX lifted itself to a new all-time high again last week as it gained nearly 1%, the S&P 500 and the NASDAQ were fractionally higher, and the Dow lost about ½ percent. Equity performance was muted by increasing oil prices (+5.40%), slowing retail sales in July compared to June, and persistent inflation.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: Aug 10-14, 2026     What happened last week? The TSX lifted itself to a new a

08/10/2026

What happened last week?
The performances by equities were spectacular. The TSX, S&P 500 and Dow reached new all-time highs. The NASDAQ jumped more than 5% and is approaching its peak achieved in early June. Equity indexes moved upward on positive Canadian jobs data and a negative U.S. employment report that has softened predictions for more restrictive monetary policy from the Federal Reserve.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: Aug 3-7, 2026     What happened last week? The performances by equities were

08/03/2026

What happened last week?
Equity indexes flip-flopped compared to last week, when the TSX was the only North American to add value. Oil dropped 5% after rising last week, but remains above its end-of-February level.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: July 27 - 31, 2026     What happened last week? Equity indexes flip-flopped c

07/27/2026

What happened last week?

The TSX was the lone North American equity index to advance last week as the S&P 500 and Dow were down slightly, and the NASDAQ Composite dropped more than 2%. Geopolitical events reigned supreme.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: July 20 - 24, 2026     What happened last week? U.S. equity indexes were down

07/19/2026

What happened last week?
It was an all-red week for equities as the price of oil jumped more than 15% as the conflict between the United States and Iran was reignited. More locally, technology stocks led the decline, and the NASDAQ suffered the deepest losses. Only the TSX remains above 10% for year-to-date and above 25% for year-over-year returns.
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Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: July 13- July 17, 2026     What happened last week? It was an all-red week fo

07/13/2026

What happened last week?
It was another week of mixed performance for North American equity indexes. The TSX increased slightly and essentially broke even, the S&P 500 was up 1%, the Dow finished the week 0.5% down, and the NASDAQ delivered almost 2%. The Dow set a record high on Monday before falling back, and like the TSX and S&P 500 now sits 1% below its all-time high. The NASDAQ is 3% below its peak.

07/05/2026

What happened last week?
Volumes were down last week with market closures on July 1st and 3rd for Canada Day and U.S. Independence Day, respectively. Additionally, summer school closures and vacation season also contributed to lower trading volumes.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: June 29- July 3rd, 2026     What happened last week? Volumes were down last w

06/29/2026

What happened last week?
North American equities had a mixed week as the TSX and Dow moved upward and the S&P 500 and NASDAQ composite lost ground every day last week. For consumers, the steep drop in the price of oil, nearly 20% over the last two weeks, is welcome news and may contribute to lower inflation later in the year.

Email from Raymond James Your Go-to Resource for Business Insights Your Monday Morning Coffee  Last Week in the Markets: June 22-26, 2026     What happened last week? North American equities had a m