While COVID-19 continued to stifle business activity, markets recovered some of their losses from the Q1 nose dive. Stocks in Canada, the US and internationally managed to reduce their year-to-date losses to the high-single-digit/low-double-digit range. Policy rates remain close to zero and governments continue to explore further stimulus options. Oil prices remain depressed despite improved OPEC relations, and gold has risen 17.3% amid the turmoil. Read more in Investment Perspectives.

MARKETS QTR-END
30-Jun-20
YR-END
31-Dec-19
CHANGE
THIS YEAR
S&P/TSX Composite
15,515 17,063 -9.1%
S&P 500
3,100 3,231 -4.1%
EAFE
1,781 2,037 -12.6%
GoC 10-Year
0.51% 1.70% -119bps
US Gov 10-Year
0.66% 1.92% -126bps
CAD$ / US$
0.737 0.770 -4.3%
WTIC Oil
$39.27 $61.06 -35.7%
Gold
$1,783.66 $1,520.50 17.3%

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

Source: National Bank Financial, QUANT Monitor as of June 30, 2020