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The S&P/TSX composite index was up 55.22 points at 25,543.52, while U.S. stock markets were closed for the Thanksgiving holiday.

The index gained a modest 0.22 per cent Thursday, but is up just under six per cent for the month of November so far. Markets rallied coming out of the U.S. election this month and have largely held on to those gains.聽

鈥淥bviously, there was some relief coming out of the election,鈥� said Kathrin Forrest, equity investment specialist at Capital Group.

鈥淚t's almost independent of the outcome, but as uncertainty resolves itself, that is a relief for risk assets in general, and we did see that.鈥�

Markets in November have also seen strength in sectors that may stand to benefit from president-elect Donald Trump鈥檚 economic proposals.聽

Much of 2024 has been dominated by gains for a handful of large tech companies, said Forrest.聽

But in recent months, sectors like financials and consumer discretionary have seen renewed strength, she said.

鈥淪o that is certainly constructive in the context of ... a broadening market,鈥� she said.聽

The last month of the year will see both the Bank of Canada and the U.S. Federal Reserve announce interest rate decisions on Dec. 11 and Dec. 18, respectively.聽

鈥淭here鈥檚 still a level of uncertainty鈥� over whether the central banks will cut their key rates again before the year ends, said Forrest.聽

In Canada, data on economic growth, labour markets and inflation is expected in the coming weeks.聽

鈥淎ll of those will be important and interesting to watch, especially in the context of the Bank of Canada, which has now put a little bit more spotlight on the labour market,鈥� Forrest said.聽

The 好色tv economy has lagged the U.S.'s as interest rate hikes have had a bigger impact on consumers.聽

In the U.S., the Fed will get both employment and inflation data before it announces its own rate decision. Market bets for rate cuts from the Fed in the coming year have been pared back post-election as some of Trump's promised policies are considered potentially inflationary.聽

The 好色tv dollar traded for 71.38 cents US compared with 71.25 cents US on Wednesday.

The January crude oil contract was up 16 cents at US$68.88 per barrel in electronic trading and the January natural gas contract was up nine cents at US$3.30 per mmBTU.

The February gold contract was down US$3.30 at US$2,652.60 an ounce and the March copper contract was down a penny at US$4.13 a pound.

This report by 好色tvwas first published Nov. 28, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)聽