After a sub-par start, Canadian equities played quick catch-up.  U.S. stocks had robust returns, though lowered substantially by the loonie’s surge.  Short-term interest rates are rising, in Canada and the U.S.  Oil broke out of its slump ending higher than analysts’ forecasts.  Gold experienced redemption in 2017, too.  Read more in Investment Perspectives.

 

MARKETS YR-END

29-Dec-17

YR-END

30-Dec-16

CHANGE LAST YEAR
S&P/TSX Composite 16209 15288 6.0%
S&P 500 2674 2239 19.4%
GoC 10-Year 2.04% 1.72% 32bps
US Gov 10-Year 2.40% 2.45% -5bps
CAD$ / US$ 0.795 0.744 6.9%
WTIC Oil $60.42 $53.72 12.5%
Gold $1303.46 $1157.49 12.6%

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

Source: National Bank Financial, QUANT Monitor as of Dec 29, 2017