RESULTS at a glance – 4Q24
Despite political turbulence, 2024 was a stellar year for stocks (in North America, anyway), with Canadian and US indices both reaching new all-time highs in the fourth quarter. Yields meanwhile migrated higher despite interest rates falling on the short-end of the yield curve, with the Loonie depreciating against the US dollar due to its more-aggressive rate cutting campaign. Oil prices remained flat, while gold had a bumper year amid flaring geopolitical tensions.
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| MARKETS | YR-END 31-Dec-24 | YR-END 29-Dec-23 | CHANGE THIS YEAR |
| S&P/TSX Composite | 24,728 | 20,958 | 18.0% |
| S&P 500 | 5,882 | 4,770 | 23.3% |
| EAFE | 2,262 | 2,236 | 1.2% |
| GoC 10-Year | 3.22% | 3.11% | 11bps |
| US Gov 10-Year | 4.57% | 3.87% | 70bps |
| CAD$ / US$ | 0.695 | 0.756 | -8.0% |
| WTIC Oil | $71.72 | $71.65 | 0.1% |
| Gold | $2,610.90 | $2,062.40 | 26.6% |
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, Monthly Market Performance as of December 31, 2024