MARKET COMMENTARY
Steady employment and easing inflation supported ongoing stabilization in rate policy.
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October brought renewed rate cuts from both sides of the border.
Trade tensions expected to continue shaping geopolitical risks and may pressure international gains.
September's historical market weakness could return to interrupt the multi-month winning streak.
Risks to the rally include escalating tariffs, signs of stagflation, and the possibility of delayed central bank rate cuts.
North America retakes the initiative from overseas markets in a global equity market advance.