RESULTS at a glance – 1Q22
On February 24th, Russia invaded Ukraine, kicking off what’s been deemed the worst humanitarian crisis in Europe since the second World War. Oil, gold, and many other commodities spiked in price as investors anticipated supply chain disruptions, with Russia and Ukraine’s key role in a number of markets. At the same time, bond yields began to rise on the back of the first rate hikes in the US and Canada since 2018. Stocks were mostly down on the growing investor uncertainty except for in Canada, where oil and other resource sectors are expected to benefit from supply constraints.
| MARKETS | QTR-END 31-Mar-22 | YR-END 31-Dec-21 | CHANGE THIS YEAR |
| S&P/TSX Composite | 21,890 | 21,223 | 3.1% |
| S&P 500 | 4,530 | 4,766 | -4.9% |
| EAFE | 2,182 | 2,336 | -6.6% |
| GoC 10-Year | 2.40% | 1.43% | 97bps |
| US Gov 10-Year | 2.32% | 1.52% | 80bps |
| CAD$ / US$ | 0.800 | 0.794 | 0.7% |
| WTIC Oil | $100.28 | $75.21 | 33.3% |
| Gold | $1,941.15 | $1,822.39 | 6.5% |
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of March 31, 2022