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The market backdrop appears incrementally constructive, with the U.S. government shutdown now behind us and a strong earnings season bolstering equity market sentiment.

signs of weakness in pockets of the Canadian economy prompted the Bank of Canada (BoC) to follow suit with a rate reduction.

Investor attention is shifting to the Q3 earnings season, with renewed U.S.-China trade tensions adding to the backdrop of uncertainty.

the impact of these shutdowns on the economy and financial markets have typically been modest.

Central banks in both countries have decided to reduce their benchmark interest rates, resuming monetary easing cycles that had been on hold amidst uncertainty in the broader economic and trade policy backdrop.

While economic data continues to show soft momentum, the prospect of monetary easing has shored up confidence and lifted many major global equity markets.

Despite ample reasons for pessimism this year, the global economy and markets have largely exceeded expectations.

Despite ample reasons for pessimism this year, the global economy and markets have largely exceeded expectations.

Markets remain sensitive to a steady flow of headlines, many of them tied to evolving trade developments