Your monthly market update: U.S. approves massive new stimulus and Europe begins to recover
The U.S. Federal Reserve Board believes higher inflation will be temporary, but that hasn’t entirely calmed investor concerns that significant inflationary pressures are building in the economy. It’s expected that the U.S. inflation rate will spike in the coming months before pulling back. Earlier this month, the U.S. federal government approved the American Rescue Plan Act to inject US$1.9 trillion into the economy. Meanwhile, in Europe, business activity expanded for the first time since October 2020, and here at home, in a race to 5G Rogers Communications Inc. agreed to purchase Shaw Communications Inc. for $26 billion.
Read the full market commentary on CanadaLifeInvest.ca for our detailed view, including the following topics:
Muted concerns about inflation
U.S. passes landmark stimulus package
European business activity improves
Megadeal could reshape Canadian telecom network