In Q1, equities posted impressive returns with U.S., Canadian, and global equities seeing consistent gains backed by strong corporate earnings, AI excitement, and the optimism that the Fed and BoC rate cuts are getting closer. While U.S. job creation continues, there are signs of a slowing labour market, particularly in Canada, and inflation has been stickier in the U.S. than the market likes.
FIRST QUARTER HIGHLIGHTS
- • S&P/TSX Composite hits a new all-time high of 22,220.90 on Mar 28th
- • S&P 500 hits a new all-time high of 5,264.85 on Mar 28th
- • Canadian dollar hits 7-month high of $0.7559 USD on Jan 1st
- • WTI Oil range bound ending quarter at $84.90 USD
- • Bank of Canada maintained overnight rate at 5.00%
READ MARKET & ECONOMIC SUMMARY
