Stock markets around the world saw a record boost in the month of November as many companies posted successful trial results of their COVID-19 vaccine candidates. The S&P/TSX Composite Index shot up nearly 12 percent month-to-date and almost 2 percent this year. Meanwhile, the broad global equity index of MSCI World made a record surge of about 13 percent in November.
The S&P/TSX Global Gold Index is down almost 12 percent month-to-date. The index is still nearly 18 percent up this year. Extending its November rally, the Canadian dollar hit a three-week high on Monday, November 30, as it spiked about 0.03 percent against the US dollar. The loonie is on track to gain 2.8 percent this month, after having hit its strongest intraday level on November 9.
While the impressive progress towards COVID-19 vaccination boosted stock markets around the world, the rising number of infections continues to stir caution among investors.