RESULTS at a glance – 4Q20
Despite going through a pandemic and a tumultuous US election, the S&P 500 continued upwards to hit new highs while other markets (including our own) ended the year positive. Bond yields fell in Canada and the US while the loonie appreciated amid US inflation fears. Oil, while still meaningfully down for the year, has started to recover as gold has fallen marginally from its recently-hit all time high. Read more in Investment Perspectives.
| MARKETS | YR-END 31-Dec-20 | YR-END 31-Dec-19 | CHANGE THIS YEAR |
| S&P/TSX Composite | 17,433 | 17,063 | 2.2% |
| S&P 500 | 3,756 | 3,231 | 16.3% |
| EAFE | 2,148 | 2,037 | 5.4% |
| GoC 10-Year | 0.67% | 1.70% | -103bps |
| US Gov 10-Year | 0.93% | 1.92% | -99bps |
| CAD$ / US$ | 0.785 | 0.770 | 1.9% |
| WTIC Oil | $48.52 | $61.06 | -20.5% |
| Gold | $1,897.77 | $1,520.50 | 24.8% |
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of December 31, 2020