RESULTS at a glance – 4Q22
2022 was a brutal year for stocks, thanks to surging inflation and the resulting contractionary policies from central banks. Concerns of a recession have caused the US dollar to appreciate against the Loonie, while oil prices have moderated from their early-year highs, despite the invasion of Ukraine still hampering global crude supply. Gold prices have remained flat, with jumping bond yields increasing the opportunity cost of holding commodities.
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| MARKETS | QTR-END 31-Mar-22 | YR-END 31-Dec-21 | CHANGE THIS YEAR |
| S&P/TSX Composite | 19,385 | 21,223 | -8.7% |
| S&P 500 | 3,840 | 4,766 | -19.4% |
| EAFE | 1,944 | 2,336 | -16.8% |
| GoC 10-Year | 3.29% | 1.43% | 186bps |
| US Gov 10-Year | 3.88% | 1.52% | 236bps |
| CAD$ / US$ | 0.725 | 0.794 | -8.7% |
| WTIC Oil | $80.26 | $75.21 | 6.7% |
| Gold | $1,815.64 | $1,822.39 | -0.4% |
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of December 30, 2022