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Global equity markets were marginally lower over the recent week. The resignation of the Canadian Minster of Finance and the virtually-held U.S. Democratic National Convention received a lot of media attention.

Global equity markets crept higher this week despite the lack of progress on a U.S. stimulus package. This week, we address the dichotomy that has emerged on the virus front between the U.S. and much of the rest of the world.

North American equity markets advanced in a holiday-shortened week in Canada as investors continued to digest second quarter earnings reports and management outlooks for the balance of the year.