It was a tough year, with two corrections causing both Canadian and U.S. markets to experience negative returns in 2018. The Canadian dollar erased much of its progress against the greenback despite rising interest rates in Canada. Oil prices dropped drastically after rallying throughout most of the year. Gold, while down year-to-date, is trending upwards as central bank hikes continue to spook investors. Read more in Investment Perspectives.
|MARKETS||YR-END 31-Dec-18||YR-END 29-Dec-17||CHANGE LAST YEAR|
|US Gov 10-Year||2.69%||2.40%||29bps|
|CAD$ / US$||0.733||0.795||-7.8%|
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, 2018