Stocks have regained some of their lost ground since the correction in February, with Canada and the U.S. seeing low, but positive, market returns year-to-date. Yields were up in both countries thanks to rate hikes, and oil continued its upward momentum. Deteriorating trade relations have, however, led to a weaker loonie which is down 4.3% year-to-date. Despite concerns over a trade war, the price of gold is actually down since 2017, suggesting that market fears have yet to trigger a migration to safe haven investments. Read more in Investment Perspectives.
|CHANGE THIS YEAR|
|GoC 10-Year||2.17%||2.04%||13 bps|
|US Gov 10-Year||2.85%||2.40%||45 bps|
|CAD$ / US$||0.761||0.795||-4.3%|
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of June 29, 2018