CAD March Market Commentary
Noteworthy Developments: Global markets declined in March amid escalating tensions in the Middle East, which led to swift increases in energy prices, increased volatility, and broad risk aversion across asset classes. The Canadian dollar weakened 2.0% against the U.S. dollar. Global Equities: Global
USD March Market Commentary
Noteworthy Developments: Global markets declined in March amid escalating tensions in the Middle East, which led to swift increases in energy prices, increased volatility, and broad risk aversion across asset classes. Global Equities: Global equities (MSCI ACW Index) declined 7.2% in March amid risi
Q1 Capital Markets Review
Global equities (MSCI ACWI Index in USD) declined 3.2% during Q1 with mixed and highly volatile returns across geographies. International stocks performed strongly in January and February buoyed by expectations for global growth expansion, coupled with emerging markets exposure to picks and shovels
CAD February Market Commentary
Noteworthy Developments: Global equities rose modestly in February, as strong gains in international developed and emerging markets offset declines in U.S. large-cap stocks driven by weakness in the technology and communications services sectors. The CAD was essentially unchanged vs. the USD during
USD February Market Commentary
Noteworthy Developments: Global equities appreciated modestly in February, as strong gains in international developed and emerging markets offset declines in U.S. large-cap stocks driven by weakness in the technology and communications services sectors. Global Equities: Global equities rose 1.3% dur
CAD January Market Commentary
Noteworthy Developments: Global equities advanced in January, with the MSCI ACWI Index rising 2.5% in Canadian dollar terms (up3.0% in USD), supported by broad-based gains across regions. The CAD strengthened by 0.5% versus the US dollar. Global Equities: Global equities (MSCI ACWI Index) rose 2.5%
USD January Market Commentary
Noteworthy Developments: Global equities advanced in January led by strong gains in both emerging and international developed markets. Global Equities: Global equities rose 3.0% during January, as measured by the MSCI ACWI Index. US large-cap equities (S&P 500) gained 1.4%, while international d
Q4 Capital Markets Review
Both global equities and fixed income appreciated strongly during Q4 and delivered impressive returns for full year 2025. Tariff uncertainty continued to abate with the impact on inflation and corporate earnings much lower than initially feared. US economic growth continued to rebound strongly follo
CAD December Market Commentary
Noteworthy Developments: Global equities (MSCI ACWI Index) declined 0.8% in December in CAD. However, the decline was due tocurrency translation, as CAD strengthened by 1.8% relative to the USD. In USD terms, the ACWI Index appreciated by 1.0%, with regional performance varying. Global Equities: Glo
USD December Market Commentary
Noteworthy Developments: Global equities advanced in December, led by international markets and value-oriented sectors, while US large-cap equities remained flat. Global Equities: Global equities rose 1.0% during December, as measured by the MSCI ACWI Index. US large-cap equities (S&P 500) were
