Weekly Market Snapshot – December 9, 2019
Created by: Sam Tenney
- The jobs report for November 2019 came in well above expectations at 266,000 jobs added, compared to 180,000 predicted. Net revisions also added 41,000 jobs for the past two months.¹
- UK Based fund M&G has stopped trading on shares of its commercial real estate fund. Unusually high and sustained outflows are not keeping pace with portfolio liquidation which was cited by management as the main cause for halting trading of the fund which is worth $1.5 billion. This highlights how liquidity can affect day-to-day availability of investor capital.²
- Canada has posted its second quarter of job losses, losing 71,000 jobs for the quarter. This is the largest posted loss for the Canadian economy in a decade.³
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