Economy shows signs of recovery
Except for brief retrenchments in late June and early July, equity markets have shown continued strength since early March. Financials and Materials led the advance, driving the TSX composite up 10.6% in the third quarter of 2009.
There is evidence that the worst of the economic problems are behind us and the recession may be over. Fiscal stimulus provided much needed support and governments worldwide need to be applauded for their coordinated action.
The next question is: What will the recovery look like?
READ MORE LEON FRAZER QUARTERLY REVIEW, Q3 2009