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What cured the TSX Equity index after COVID-19?

Author

Listed:
  • Guillaume Ouellet Leblanc
  • Jean-Sébastien Fontaine
  • Ryan Shotlander

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.

Suggested Citation

  • Guillaume Ouellet Leblanc & Jean-Sébastien Fontaine & Ryan Shotlander, 2021. "What cured the TSX Equity index after COVID-19?," Staff Analytical Notes 2021-3, Bank of Canada.
    • Handle: RePEc:bca:bocsan:21-3
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    File URL: https://www.bankofcanada.ca/2021/03/staff-analytical-note-2021-3/
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    More about this item

    Keywords

    Asset pricing; Coronavirus disease (COVID-19); Financial markets;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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