What cured the TSX Equity index after COVID-19?
Guillaume Ouellet Leblanc (),
Jean-Sebastien Fontaine () and
No 2021-3, Staff Analytical Notes from Bank of Canada
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)
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