Insights

June 2018

Portfolio Perspectives

June 1, 2018

Heightened prospects of a full-scale “trade war” and continued political uncertainty rattled global markets in the month of May. Despite shaky ground, the S&P/TSX Composite Index and the S&P 500 Index returned 3.12% and 3.31% (C$) respectively. On the currency front, the loonie weakened 0.89% against the U.S. dollar. Internationally, over the same time period, both the MSCI EAFE Index and Emerging Market Index were down -1.25% and -2.67% (C$) respectively. The FTSE TMX Canada Universe Bond Index rose 0.80% in May.

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May 2018

Portfolio Perspectives

May 1, 2018

Volatility, which returned with a vengeance in the first quarter, persisted through much of April. Geopolitical headlines continued to play a significant role in unsettling investors, particularly the prospects of a “trade war” between the U.S. and China, alongside uncertainty regarding NAFTA. In April the S&P/TSX Composite Index and the S&P 500 Index returned 1.82% and -0.22% (C$) respectively. On the currency front, the loonie increased 0.31% against the U.S. dollar. Internationally, over the same time period, the MSCI EAFE eked out a gain of 1.46% (C$) while the MSCI Emerging Market Index was down -0.88% (C$). The FTSE TMX Canada Universe Bond Index returned -0.86% in April.

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