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With COVID-19 waning, markets are shooting for new heights. While the US and international markets fared well, Canada actually outpaced its neighbour to the South thanks in part to a stark recovery in oil prices. The strong performance has allowed the Loonie to appreciate to levels not seen since 2015. At the same time, inflation concerns are causing interest rates to rise, with investors selling out of fixed income instruments. Oddly enough this hasn’t reflected in gold prices; the precious metal is actually down year-to-date. Read more in Investment Perspectives.

MARKETS QTR-END
30-Jun-21		 YR-END
31-Dec-20		 CHANGE
THIS YEAR
S&P/TSX Composite 20,166 17,433 15.7%
S&P 500 4,298 3,756 14.4%
EAFE 2,305 2,148 7.3%
GoC 10-Year 1.39% 0.68% 71bps
US Gov 10-Year 1.45% 0.93% 52bps
CAD$ / US$ 0.806 0.785 2.7%
WTIC Oil $73.47 $48.52 51.4%
Gold $1,765.43 $1,897.77 -7.0%

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, 2021