The S&P 500 rose by 2.6% in August, led by the technology sector which gained 6.2%, following a late-month revival in enthusiasm for AI.
The Canadian economy showed signs of recovery, growing at its fastest pace since 2023 with an annualized rate of 3.3% in the second quarter.
However, China's slowdown worsened, as a boom in technology failed to lift sectors untouched by the global AI buildout.
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