RESULTS at a glance – 2Q26
Stocks continued their strong performance internationally, with excitement around AI continuing to dominate sentiment. While a ceasefire announced in June between the US and Iran failed to halt the fighting, the ongoing talks have calmed oil markets, with prices now well under $100 a barrel. The conflict is still expected to have a meaningful impact on price levels, leading to forecasts of a rate hike in the US and pushing yields higher as inflation concerns rise to the surface. Despite the uncertainty, gold prices have continued their retreat from the all-time highs reached in January.
| MARKETS | QTR-END 30-Jun-26 | YR-END 31-Dec-25 | CHANGE THIS YEAR |
| S&P/TSX Composite | 34,857 | 31,713 | 9.9% |
| S&P 500 | 7,499 | 6,846 | 9.5% |
| EAFE | 3,117 | 2,893 | 7.7% |
| GoC 10-Year | 3.35% | 3.44% | -9bps |
| US Gov 10-Year | 4.44% | 4.14% | 30bps |
| CAD$ / US$ | 0.705 | 0.730 | -3.4% |
| WTIC Oil | $69.50 | $57.42 | 21.0% |
| Gold | $4,016.70 | $4,308.00 | -6.8% |
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, Monthly Market Performance as of June 30, 2026