Stock markets ‘lack direction’ edging lower Monday ahead of U.S. economic data – Investment Executive

He noted that markets may see some positive momentum into the end of the year, but he doesn’t expect any large swings between now and Dec. 31. “I’m not really counting on much of a Santa Claus rally,” Small said. Canadian investors sifted through the latest data from Statistics Canada on Monday, which showed annual inflation rose 2.2% in November, unchanged from the previous month and a tick below economists’ expectations. While Small didn’t think the data had much of an impact on Canada’s stock market, he ...