CAD February Market Commentary
Noteworthy Developments Global equities, as represented by the MSCI ACWI Index, declined by 1.1% (-0.6% in USD) with varied performance across regions. The CAD strengthened by 0.5% vs. the USD. Global Equities Global equities declined by 1.1%, with US large-cap equities (S&P 500) down 1.8% w
USD February Market Commentary
Noteworthy Developments Global equities, as represented by the MSCI ACWI Index, declined by 0.6% with varied performance across regions. Global Equities Global equities declined by 0.6%, with US large-cap equities (S&P 500) down 1.3% while international developed (+1.9%) and emerging market
Perspective Amid Market Uncertainty
Since peaking at 6,147 on February 19th, the S&P 500 has dropped 9.4% to 5,572 by March 11, 2025, bringing its YTD decline to 5.2%. Interestingly, this decline contrasts with a 6.0% YTD gain in international equities (MSCI ACWI ex USA Index). This marks a reversal of the long-standing trend where US
CAD January Market Commentary
Noteworthy Developments Global equities, as represented by the MSCI ACWI Index, appreciated strongly by 4.5% (3.4% in USD) with all regions experiencing positive performance. The CAD weakened by 1.1% vs. the USD. Global Equities Global equities climbed by 4.5%, with US large-cap equities (S&P
USD January Market Commentary
Noteworthy Developments Global equities, as represented by the MSCI ACWI Index, appreciated strongly by 3.4% with all regions experiencing positive performance. Global Equities Global equities climbed by 3.4%, with US large-cap equities (S&P 500) up 2.8% while international developed (5.3%) and
Q4 Capital Markets Review
Global equities declined 1.0% in Q4 but rose 17.5% in CY 2024, driven by U.S. large-cap stocks (+24.5%) benefiting from strong earnings, economic resilience, and AI-driven tech gains. Fixed income struggled in Q4 as yields surged, though CY 2024 returns remained positive. High-yield bonds and levera
