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
CAD November Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, declined 0.2% (flat in USD) during the month with periods of high volatility. The CAD strengthened by 0.2% vs. the USD. Global Equities: Global equities were down 0.2%, with US large-cap equities (S&P 500) fla
USD November Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, ended flat during the month with periods of high volatility. Global Equities: Global equities were flat, with US large-cap equities (S&P 500) up 0.2%, international developed equities up 0.6% and emerging market equ
CAD October Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated by 3.0% (+2.2% in USD), with positive performance across all major regions. The CAD weakened by 0.8% vs. the USD. Global Equities: Global equities increased by 3.0%, with US large-cap equities (S&P 500)
USD October Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated 2.2%, with positive performance across all major regions. Global Equities: Global equities increased by 2.2%, with US large-cap equities (S&P 500) up 2.4%, international developed equities up 1.2% and em
Q3 Capital Markets Review
After a volatile first half marked by tariff uncertainty, Q3 2025 delivered strong gains across global markets as trade tensions abated and AI enthusiasm resurged. However, stretched valuations, concentrated equity exposure, and massive AI capital spending now present meaningful risks. Our report ex
CAD September Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated 4.9% (+3.6% in USD), with positive performance across all major regions. The CAD weakened by 1.3% vs. the USD. Global Equities: Global equities increased by 4.9% (+3.6% USD), with US large-cap equities (S&am
USD September Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated +3.6%, with positive performance across all major regions. Global Equities: Global equities increased by 3.6%, with US large-cap equities (S&P 500) up 3.6%, international developed equities up 1.9%, and
CAD August Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated 1.7% (+2.5% in USD) during August, with positive performance across all major regions. The CAD strengthened by 0.8% vs. the USD. Global Equities: Global equities increased by 1.7% (+2.5% USD), with US large-
