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KEEL MAGAZINE

At Eastport, we aim to be your keel, as on a boat – your point of balance, giving you directional stability. We help you get beyond thinking of money as the deep and unpredictable water you’re in. With our knowledge as your ballast, money can be the body that buoys you, propelling your good and purpose-rich life.

Summer Market

Eastport Market and Economic Summary – July 2025

Q2 2025 began turbulently with equity markets plunging after the US announced sweeping global tariffs on April 2. This, coupled with a brief but intense Israel-Iran conflict which saw the USA bomb Iran’s nuclear sites, drove market volatility to extreme levels. Gold reached record highs in June while oil prices, after a brief spike, finished the quarter below their starting point. Despite these challenges, markets staged a remarkable recovery, with major indexes reaching record highs by quarter-end, buoyed by resilient corporate earnings and improved US-China trade relations.

 

SECOND QUARTER HIGHLIGHTS

  • • S&P/TSX Composite hits a new all-time high of 26,857.10 on June 30th
  • • S&P 500 hits a new all-time high of 6,173.12 on June 30th
  • • Canadian dollar strengthened to a 9-month high $0.7385 on June 16th
  • • WTI Oil was range bound end the quarter at $67.61 USD per barrel
  • • Bank of Canada maintained overnight rate at 2.75%

READ MARKET & ECONOMIC SUMMARY

 

 

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