| For the Week ending March 15, 2024 | Week | YTD |
| Canada Universe Bond Index | -1.4% | -2.3% |
| S&P/TSX Index (Canada) | 0.7% | 4.9% |
| S&P 500 Index (US) in CDN$ | 0.5% | 10.5% |
| MSCI World Index (Global) in CDN$ | 0.2% | 8.7% |
| US$ / CDN$ | 0.6% | 2.6% |
Weekly Market Highlights
- Canadian Equities (S&P/TSX) outperformed US and Global markets on the week led by higher energy/commodity prices. US Equities (S&P 500) returns were negative in US Dollar terms, but were positive in CDN Dollar terms as the US Dollar appreciated 0.6% on the week (and is now up 2.6% YTD).
- Stronger than expected inflation PPI number was a major head-wind for Bonds during the week as the Canada Universe Bond Index was down -1.4%.
- Markets are now forecasting a 99% chance that US Fed will leave its interest rate unchanged during their upcoming meeting this week and a 65% chance the first rate cut will come in June.