The cash position of Canada's domestic banks, which typically grows at a few percent a year as the carefully tuned balance sheets of banks keep up with economic growth, almost doubled in the first few months of 2020, growing from $310 billion at the end of 2019 to $604 billion at the end of April.

Today's trading was positive, with the Dow Jones Industrial Average gaining almost 2% from its previous close, and the S&P TSX Composite gaining 0.5%. The big news, however, was the S&P 500 opening above 3000 and closing at 3036.25.

This week saw the release of some grim economic data, a weird twist on the oil problem, some positive days of trading, and the beginning of the reopening process for North America.

This week's trading was broadly positive, with most major indexes consolidating the rapid gains they made after the March 23rd lows. The Dow Jones Industrial Average is over 24,000, and the S&P 500 has actually gained over the last year.

Today's trading continued the broadly unspectacular but positive gains we've seen over the past couple weeks. The S&P/TSX Composite Index closed up 0.5%, the Dow Jones Industrial Average closed up 0.6%, and the S&P 500 closed up 0.9%.

After a string of positive days, today global equity markets stepped back. The S&P 500 fell 0.9%, the Dow Jones Industrial Index fell 1.2%, and the S&P/TSX Composite fell 2.9%.