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It started with three losing days in a row after U.S. inflation numbers spooked investors into worrying that the Federal Reserve would taper its loose monetary policy.
Markets rebounded on Thursday and Friday as fears subsided and flat retail sales data in April suggested that the central bank is probably further away from tapering and raising rates than was thought at the beginning of the week. I actually think that perhaps the market is reading too much into the single data point that comes out from any economic report, Petursson said in an interview.
The S&P/TSX composite index closed up 230.88 points to 19,366.69 to come within half a point of last Friday s record high.
A day in the life of Wall Street shows NYC at cusp of comeback bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Price action over last quarter: Up 3.03%
Company Overview
Brookfield Asset Management Inc owns and manages commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. Brookfield has the greatest amount of assets in Real Estate and generates the most revenue through Private Equity. Located around the world, its assets are concentrated in the United States, Canada, Brazil, and Australia.