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The Bank of Canada cut interest rates for the second consecutive time. Meanwhile, global equities have been weaker

One notable development was the Canadian inflation report for May, which was higher than expected for the first time this year.

Global equities have been a bit more mixed of late with Canadian and European equities weaker in recent weeks, though year-to-date gains remain respectable.

Investor attention has turned to Canada over the past few weeks due to a slew of economic releases and earnings reports from Canadian banks.

May has been a noticeably better month for global markets, largely fueled by data from the U.S.

Global equity markets finished the month of April a bit lower as they digested the gains made since last October.