Markets Sink
The stock markets were in flux throughout the first quarter. With the exception of Toronto’s S&P/TSX index, which managed to stay afloat, all the U.S. and European indices posted significant losses. Although the markets recovered rather well in the first two weeks of March, they then fell further, and the second quarter proved to be even worse. But the rout in the stock market was only compounded by the debacle in the bond market.
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