It’s shaping up to be an impressive third quarter for equity markets with just a couple of weeks remaining.
Looking ahead, October has typically been a month with mixed performance. The S&P/TSX Composite Index has declined three out of the past five years with losses of 3.42 per cent, 3.35 per cent and 1.05 per cent, respectively. On the positive side, the TSX Index rallied 5.32 per cent in October of 2022 and 4.82 per cent in October of 2021.Over the past five years, the TSX Index has rallied into year end. Fourth-quarter price returns for the S&P/TSX Composite were 7.25 per cent in 2023, 5.
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