Markets had a tremendous year, fully reversing the slump that occurred in 2018 and pushing past new highs in Canada and the U.S. Yields fell in Canada and the U.S., with three Federal Funds rate cuts causing a steeper decline in the States. Oil prices rebounded following rising tensions with Iran which, along with steady interest rates in Canada, helped boost the loonie, and gold saw a strong price return amid rising uncertainty. Read more in Investment Perspectives.

 

MARKETS YR-END

31-Dec-19

YR-END

31-Dec-18

CHANGE THIS YEAR
S&P/TSX Composite 17,063 14,323 19.1%
S&P 500 3,231 2,507 28.9%
EAFE 2,037 1,720 18.4%
GoC 10-Year 1.64% 1.96% -32bps
US Gov 10-Year 1.92% 2.69% -77bps
CAD$ / US$ 0.770 0.733 5.0%
WTIC Oil $61.06 $45.41 34.5%
Gold $1,520.50 $1,281.34 18.7%

 Returns are based on price change only, and exclude dividends.  Foreign indices are in USD.

 

Source: National Bank Financial, QUANT Monitor as of Dec 31, 2019