It’s been a rough start to 2018. Stocks fell in the first quarter in Canada and the U.S., while both countries’ long-term bond yields increased. The Canadian dollar took a hit, falling 2.4% as NAFTA negotiations with Mexico and the U.S. continue. Oil prices saw strong appreciation. Gold ended the quarter slightly higher.

 

MARKETS QTR-END

29-Mar-18

YR-END

31-Dec-17

CHANGE THIS YEAR
S&P/TSX Composite 15,367 16,209 -5.2%
S&P 500 2,641 2,674 -1.2%
GoC 10-Year 2.09% 2.04% 5bps
US Gov 10-Year 2.74% 2.40% 34bps
CAD$ / US$ 0.776 0.795 -2.4%
WTIC Oil $64.94 $60.42 7.5%
Gold $1,323.43 $1,303.46 1.5%

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

 

Source: National Bank Financial, QUANT Monitor as of March 29, 2018