Markets had a tremendous year, fully reversing the slump that occurred in 2018 and pushing past new highs in Canada and the U.S. Yields fell in Canada and the U.S., with three Federal Funds rate cuts causing a steeper decline in the States. Oil prices rebounded following rising tensions with Iran which, along with steady interest rates in Canada, helped boost the loonie, and gold saw a strong price return amid rising uncertainty. Read more in Investment Perspectives.
| MARKETS | YR-END
31-Dec-19 |
YR-END
31-Dec-18 |
CHANGE THIS YEAR |
| S&P/TSX Composite | 17,063 | 14,323 | 19.1% |
| S&P 500 | 3,231 | 2,507 | 28.9% |
| EAFE | 2,037 | 1,720 | 18.4% |
| GoC 10-Year | 1.64% | 1.96% | -32bps |
| US Gov 10-Year | 1.92% | 2.69% | -77bps |
| CAD$ / US$ | 0.770 | 0.733 | 5.0% |
| WTIC Oil | $61.06 | $45.41 | 34.5% |
| Gold | $1,520.50 | $1,281.34 | 18.7% |
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, 2019