RESULTS at a glance – 2Q20
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.
| MARKETS | QTR-END 30-Jun-20 | YR-END 31-Dec-19 | CHANGE THIS YEAR |
| S&P/TSX Composite | 15,515 | 17,063 | -9.1% |
| S&P 500 | 3,100 | 3,231 | -4.1% |
| EAFE | 1,781 | 2,037 | -12.6% |
| 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