U.S. stocks continue to recover from their tumble in February while Canadian markets remain flat year-to-date. This divergence reflects in the CAD/USD exchange rate, which is down 2.5% year-to-date. Long-term bond yields continue to climb in both countries, and while oil has seen a strong rebound, gold has fallen further down from the start of the year.

MARKETS

QTR-END

28-Sep-18

YR-END

31-Dec-17

CHANGE THIS YEAR

S&P/TSX Composite

16,073 16,209

-0.8%

S&P 500

2,914 2,674

9.0%

EAFE 1,974 2,051

-3.8%

GoC 10-Year

2.43% 2.04%

39 bps

US Gov 10-Year 3.05%

2.40%

65 bps

CAD$ / US$

0.775 0.795 -2.5%
WTIC Oil $73.25 $60.42

21.2%

Gold $1191.49 $1,303.46

-8.6%

 

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

 

Source: National Bank Financial, QUANT Monitor as of September 28, 2018