The year saw significant political transitions with Donald Trump's return to the White House and Mark Carney becoming Canada's 24th Prime Minister. Trump's aggressive tariff policies created substantial market turbulence, particularly from February through April when the S&P 500 and S&P/TSX both slumped 19% and 13% respectively following sweeping tariff announcements.
FOURTH QUARTER HIGHLIGHTS
- • S&P/TSX Composite hits a new all-time high of 32,058.78 on December 23rd
- • S&P 500 hits a new all-time high of 6,932.05 on December 24th
- • Canadian dollar hit a 6-month high of $0.731 on December 23rd
- • WTI Oil hit a 5-year low of $55.44 USD per barrel on December 17th
- • Bank of Canada lowered the overnight rate by 0.25% to 2.25%
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