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What cured the TSX Equity index after COVID-19?

Guillaume Ouellet Leblanc (), Jean-Sebastien Fontaine () and Ryan Shotlander

No 2021-3, Staff Analytical Notes from Bank of Canada

Abstract: The TSX index rose by 9.5 percent in November 2020, adding large gains to an already sharp V-shaped recovery. The economic outlook improved at that time as well. We ask whether the stock market gains since last autumn are due to improving forecasts of firms’ earnings.

Keywords: Asset pricing; Coronavirus disease (COVID-19); Financial markets (search for similar items in EconPapers)
JEL-codes: G12 G14 (search for similar items in EconPapers)
Date: 2021-03
New Economics Papers: this item is included in nep-fmk
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