Key highlights from January’s market trends:
- Equity markets saw positive gains, with Communication Services and Healthcare leading while IT lagged due to concerns over China’s new AI model, DeepSeek.
- The US Federal Reserve held rates steady, while the Bank of Canada cut by 25 basis points, adding pressure to the Canadian dollar.
- The Trump administration’s announcement of tariffs on Canada, Mexico, and China caused initial market fluctuations, though a one-month delay has eased concerns.
- Bitcoin surged again, benefiting from optimism around new US crypto policies.
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