Chart 26: Equity markets have recovered and are above their pre-tariff announcement levels https://www.bankofcanada.ca/?p=246636 S&P 500 S&P/TSX Composite EURO STOXX 50 Nikkei 225 0.000.000.000.00 0.620.36-0.481.12 1.131.590.732.40 1.131.681.173.24 1.680.841.003.23 1.680.841.003.23 1.680.841.003.23 1.791.140.812.90 1.860.76-0.534.92 2.902.170.595.55 2.003.060.946.54 2.563.652.293.94 2.563.652.293.94 2.563.652.293.94 2.854.001.083.94 3.515.120.364.15 2.074.46-0.783.70 1.273.89-1.211.25 0.553.72-2.081.09 0.553.72-2.081.09 0.553.72-2.081.09 1.634.56-0.66-0.08 1.474.29-0.27-0.09 -0.883.49-1.38-1.20 -1.393.35-2.41-4.44 -0.294.29-1.37-4.95 -0.294.29-1.37-4.95 -0.294.29-1.37-4.95 -0.214.13-2.32-2.93 -0.714.34-1.81-2.79 0.865.65-1.16-1.34 -0.523.87-3.33-3.80 -2.351.61-5.91-9.39 -2.351.61-5.91-9.39 -2.351.61-5.91-9.39 -5.271.61-7.27-20.62 -4.290.47-7.20-12.50 -5.030.02-5.31-11.46 -2.851.60-5.30-12.11 -2.391.99-5.17-11.62 -2.391.99-5.17-11.62 -2.391.99-5.17-11.62 -2.392.39-5.24-11.62 -0.743.39-4.77-8.58 -0.364.04-4.11-8.05 1.245.29-2.48-7.33 1.455.39-1.81-3.96 1.455.39-1.81-3.96 1.455.39-1.81-3.96 2.435.67-1.19-5.66 2.235.31-1.47-3.96 2.665.70-0.91-4.24 1.755.31-0.91-3.58 2.916.45-0.42-3.20 2.916.45-0.42-3.20 2.916.45-0.42-3.20 2.596.73-0.68-3.84 2.756.33-0.63-3.39 2.145.72-0.34-3.18 2.136.180.74-3.20 3.176.720.57-2.48 3.176.720.57-2.48 3.176.720.57-2.48 3.176.720.87-2.35 0.985.33-0.35-2.38 0.825.33-1.66-6.52 0.525.09-2.33-7.50 -1.224.14-3.89-8.17 -1.224.14-3.89-8.17 -1.224.14-3.89-8.17 -0.075.26-3.07-8.62 0.375.15-3.71-8.76 1.446.10-3.38-10.12 2.207.31-2.35-7.06 2.767.74-1.74-7.69 2.767.74-1.74-7.69 2.767.74-1.74-7.69 2.898.35-2.08-7.69 2.918.24-1.40-8.65 2.617.85-1.92-8.20 4.369.100.27-6.25 4.159.10-1.19-4.81 4.159.10-1.19-4.81 4.159.10-1.19-4.81 4.459.23-0.90-4.81 4.719.490.22-4.27 4.519.28-0.27-4.44 4.949.862.08-1.78 4.819.512.790.50 4.819.512.790.50 4.819.512.790.50 5.259.711.43-4.32 4.279.870.49-2.47 4.289.720.68-4.60 4.119.57-0.18-2.72 5.0410.450.51-2.51 5.0410.450.51-2.51 5.0410.450.51-2.51 4.0310.180.81-0.75 5.0410.040.39-1.75 5.7910.741.07-0.89 5.5711.090.82-0.63 6.2111.861.50-0.06 6.2111.861.50-0.06 6.2111.861.50-0.06 7.0311.862.25-0.06 6.2111.720.340.71 6.7112.28-0.43-1.14 6.6912.870.35-1.82 7.1213.471.14-1.64 7.1213.471.14-1.64 7.1213.471.14-1.64 6.9213.020.23-1.71 6.8712.990.19-3.08 5.8912.33-0.15-3.85 6.1112.230.11-3.75 6.0811.830.27-4.33 6.0811.830.27-4.33 6.0811.830.27-4.33 6.3612.300.81-2.59 6.5412.280.41-1.84 6.1812.03-0.90-0.89 4.2110.43-2.08-1.39 4.6310.88-1.06-3.98 4.6310.88-1.06-3.98 4.6310.88-1.06-3.98 4.3410.88-1.58-3.98 5.6211.48-1.21-2.92 8.2912.62-2.62-0.38 9.1013.58-1.58-0.63 9.5113.18-2.58-0.33 9.5113.18-2.58-0.33 9.5113.18-2.58-0.33 9.6113.32-1.54-0.25 9.2913.93-3.76-0.64 9.3214.23-3.85-2.29 8.6614.51-1.96-2.76 7.2213.78-2.74-2.49 7.2213.78-2.74-2.49 7.2213.78-2.74-2.49 7.6414.18-2.83-3.56 8.0714.33-3.63-3.07 8.0714.45-4.06-3.23 8.6516.07-3.53-4.05 9.0316.31-2.86-3.40 9.0316.31-2.86-3.40 9.0316.31-2.86-3.40 9.3616.16-2.64-2.15 9.9816.13-3.41-3.00 9.5616.51-3.99-3.78 9.5616.77-3.48-3.23 10.1817.24-2.55-3.59 10.1817.24-2.55-3.59 10.1817.24-2.55-3.59 10.4516.98-1.69-2.82 10.5017.19-1.04-0.96 11.1717.21-0.22-0.89 10.9617.390.44-0.59 11.2417.440.97-1.36 11.2417.440.97-1.36 11.2417.440.97-1.36 10.5517.141.13-1.19 10.2216.590.44-0.66 11.1217.290.60-0.65 10.5216.160.720.55 10.5215.540.77-0.41 10.5215.540.77-0.41 10.5215.540.77-0.41 10.9414.950.35-0.44 10.5114.830.26-0.67 7.2512.260.55-1.39 7.1611.60-1.03-2.06 8.3212.45-1.37-2.34 8.3212.45-1.37-2.34 8.3212.45-1.37-2.34 9.1113.13-1.56-1.19 10.3213.58-1.46-1.50 10.3213.58-1.46-1.26 10.2713.58-1.46-0.16 9.0513.35-0.631.64 9.0513.35-0.631.64 9.0513.35-0.631.64 7.8912.55-1.230.66 7.4313.04-0.690.66 7.4313.04-0.690.66 7.1913.82-0.250.66 8.5414.62-1.190.66 8.5414.62-1.190.66 8.5414.62-1.190.66 9.1414.281.15-0.82 7.9313.961.661.14 8.0914.521.350.88 8.0914.621.78-0.07 6.4313.220.96-1.11 6.4313.220.96-1.11 6.4313.220.96-1.11 6.6012.160.49-1.11 6.7212.401.02-2.92 8.6713.322.08-2.99 8.4413.583.59-2.67 9.5314.594.43-2.98 9.5314.594.43-2.98 9.5314.594.43-2.98 9.5315.074.76-1.84 10.4915.574.79-1.52 11.1615.715.600.04 11.7616.275.830.83 11.4416.425.870.76 11.4416.425.870.76 11.4416.425.870.76 9.8115.605.24-0.16 10.8216.205.39-1.55 10.3116.456.10-0.55 10.8917.987.14-0.30 10.3316.727.24-0.15 10.3316.727.24-0.15 10.3316.727.24-0.15 9.4915.395.84-2.80 10.2815.566.79-2.10 10.7116.896.92-2.02 11.1116.728.65-1.42 10.0616.318.02-2.13 10.0616.318.02-2.13 10.0616.318.02-2.13 10.8017.298.69-2.09 10.8417.179.35-2.09 10.5416.869.65-1.68 11.6917.4711.57-0.43 11.6816.4911.43-1.22 11.6816.4911.43-1.22 11.6816.4911.43-1.22 11.6816.4911.96-1.15 11.9517.2512.25-0.91 12.2217.1410.77-1.18 11.7316.6310.77-2.40 9.8314.9511.05-2.16 9.8314.9511.05-2.16 9.8314.9511.05-2.16 9.2814.9710.62-2.16 8.7715.2110.51-3.52 8.7815.7812.13-3.76 7.0614.8711.01-3.47 8.7616.0810.82-6.25 8.7616.0810.82-6.25 8.7616.0810.82-6.25 6.8414.2912.39-4.66 5.5412.339.28-5.80 6.7113.6911.34-5.58 4.8112.3811.98-4.86 5.3913.1810.92-6.92 5.3913.1810.92-6.92 5.3913.1810.92-6.92 2.5511.459.27-6.57 1.7710.847.71-7.16 2.2711.658.71-7.10 0.8510.648.08-7.17 2.9912.249.62-6.50 2.9912.249.62-6.50 2.9912.249.62-6.50 3.6513.3010.46-5.64 2.5512.9411.26-4.51 3.6614.6011.71-4.74 3.4314.5610.57-4.74 3.5214.1410.02-4.93 3.5214.1410.02-4.93 3.5214.1410.02-4.93 5.3415.679.85-5.10 5.5115.8311.06-4.67 4.3315.029.77-4.05 3.9915.029.15-4.62 1.9313.188.14-6.34 1.9313.188.14-6.34 1.9313.188.14-6.34 2.5013.906.46-10.13 2.8914.437.92-10.11 3.5815.697.59-9.85 -1.4411.253.72-12.35 -7.326.02-1.05-14.76 -7.326.02-1.05-14.76 -7.326.02-1.05-14.76 -7.544.50-5.55-21.43 -8.992.88-3.17-16.70 -0.338.46-6.24-19.98 -3.785.21-2.25-12.67 -2.047.83-2.90-15.25 -2.047.83-2.90-15.25 -2.047.83-2.90-15.25 -1.269.10-0.38-14.25 -1.4310.020.82-13.53 -3.6410.200.74-14.41 -3.5110.590.11-13.26 -3.5110.590.11-12.37 -3.5110.590.11-12.37 -3.5110.590.11-12.37 -5.799.750.11-13.50 -3.4211.110.64-13.65 -1.8111.873.42-12.02 0.1813.043.75-11.59 0.9212.964.55-9.90 0.9212.964.55-9.90 0.9212.964.55-9.90 0.9813.364.88-9.57 1.5713.714.70-9.57 1.7213.564.67-9.05 2.3613.354.67-8.02 3.8614.437.20-7.07 3.8614.437.20-7.07 3.8614.437.20-7.07 3.2014.077.16-7.07 2.4114.176.76-7.07 2.8515.026.09-7.19 3.4515.447.28-6.82 3.3815.927.70-5.37 3.3815.927.70-5.37 3.3815.927.70-5.37 6.7416.719.38-5.01 7.5217.109.86-3.65 7.6317.459.60-3.79 8.0718.389.78-4.73 8.8318.7210.09-4.74 8.8318.7210.09-4.74 8.8318.7210.09-4.74 8.9218.7210.09-5.38 8.5019.1110.64-5.30 6.7518.1210.64-5.88 6.7018.1910.03-6.67 5.9918.308.04-6.23 5.9918.308.04-6.23 5.9918.308.04-6.23 5.9919.199.44-5.30 8.1520.089.85-4.81 7.5520.159.10-4.82 7.9819.828.95-3.02 7.9719.658.86-4.20 7.9719.658.86-4.20 7.9719.658.86-4.20 8.4220.638.63-5.45 9.0520.809.04-5.51 9.0520.369.64-4.75 8.4820.429.75-5.24 9.5920.8110.15-4.77 9.5920.8110.15-4.77 9.5920.8110.15-4.77 9.6920.579.97-3.89 10.3020.809.85-3.58 9.9921.259.39-3.05 10.4121.678.74-3.68 9.1721.167.31-4.53 9.1721.167.31-4.53 9.1721.167.31-4.53 10.1921.458.31-3.33 9.2721.337.28-2.76 9.2421.416.83-1.88 9.2421.175.42-2.88 9.0021.136.16-3.10 9.0021.136.16-3.10 9.0021.136.16-3.10 10.0521.645.92-3.22 11.2722.147.45-2.12 11.2721.446.53-1.74 12.1622.296.37-0.12 12.7522.028.031.31 12.7522.028.031.31 12.7522.028.031.31 13.3322.777.572.16 13.2022.777.150.90 13.7422.837.890.33 14.6923.588.380.39 14.6923.597.280.45 14.6923.597.280.45 14.6923.597.280.45 13.7923.528.35-0.11 13.7122.988.960.15 14.4023.3010.460.48 14.7123.8010.310.04 14.3323.539.20-0.15 14.3323.539.20-0.15 14.3323.539.20-0.15 14.4924.338.94-0.43 14.0423.678.600.12 14.4024.127.470.08 15.0225.199.070.68 15.0124.868.710.47 15.1724.878.380.47 15.2425.097.310.36 16.1425.338.403.89 16.2225.138.625.54