MARKET SUMMARY— Global equity markets were stronger in May relative to the earlier few months, despite higher ongoing levels of global uncertainty. The S&P/TSX Composite posted a total return gain of 1.00% for May, while the smaller cap S&P/TSX Venture gained just over 0.50%. To the south, U.S. equity markets fared even more positively with the S&P500 index posting a total return gain of 1.80% while the NASDAQ closed out the month with a solid 3.84% gain.
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