RESULTS at a glance – 4Q21
North American stocks were red-hot in 2021 thanks to a speedy vaccine rollout, stimulus, and high discretionary income, but yields have risen on expectations of rate hikes in 2022. The energy sector led the charge thanks to rising oil prices, although in Canada the performance did not translate into a stronger Loonie, which ended the year mostly flat. While times remain uncertain, gold was down for the year. Read more in Investment Perspectives.
| MARKETS | YR-END 31-Dec-21 | YR-END 31-Dec-20 | CHANGE THIS YEAR |
| S&P/TSX Composite | 21,223 | 17,433 | 21.7% |
| S&P 500 | 4,766 | 3,756 | 26.9% |
| EAFE | 2,336 | 2,148 | 8.8% |
| GoC 10-Year | 1.43% | 0.68% | 76bps |
| US Gov 10-Year | 1.52% | 0.93% | 59bps |
| CAD$ / US$ | 0.794 | 0.785 | 0.8% |
| WTIC Oil | $75.21 | $48.52 | 55.0% |
| Gold | $1,822.39 | $1,897.77 | -4.0% |
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, 2021