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At a Glance ///

  • The Canadian stock market was also helped by the increase in the oil price, which has been rising fairly steadily since last year.

  • The United States adopted new trade barriers, placing tariffs of 25% on steel imports and 10% on aluminum imports from Canada, Mexico and the European Union.

  • Emerging markets turned in a disappointing performance in the second quarter. China was also affected by the tariff war being waged by the United States, notably as a result of taxes on commodities.

  • The start of the quarter was affected by a multitude of economic data indicating that growth would continue. Even so, this positive news was partially offset by the increasing likelihood that no NAFTA agreement would be reached by year-end.