While COVID-19 continued to stifle business activity, markets recovered some of their losses from the Q1 nose dive. Stocks in Canada, the US and internationally managed to reduce their year-to-date losses to the high-single-digit/low-double-digit range. Policy rates remain close to zero and governments continue to explore further stimulus options. Oil prices remain depressed despite improved OPEC relations, and gold has risen 17.3% amid the turmoil. Read more in Investment Perspectives.
| S&P/TSX Composite ||15,515||17,063||-9.1%|
| S&P 500 ||3,100||3,231||-4.1%|
| GoC 10-Year ||0.51%||1.70%||-119bps|
| US Gov 10-Year ||0.66%||1.92%||-126bps|
| CAD$ / US$ ||0.737||0.770||-4.3%|
| WTIC Oil ||$39.27||$61.06||-35.7%|
| Gold ||$1,783.66||$1,520.50||17.3%|
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of June 30, 2020