| For the Week ending March 8, 2024 | Week | YTD |
| Canada Universe Bond Index | 0.6% | -0.9% |
| S&P/TSX Index (Canada) | 0.9% | 4.2% |
| S&P 500 Index (US) in CDN$ | -1.0% | 9.9% |
| MSCI World Index (Global) in CDN$ | -0.1% | 8.6% |
| US$ / CDN$ | -0.7% | 2.0% |
Weekly Market Highlights
- Canadian Equities outperformed both US and Global Equities on the week. US Equity returns were adversely impacted by the appreciation of the Loonie.
- The Bank of Canada held its policy interest rate at 5% (as expected) but warned it is still “too early” to consider rate cuts.
- Canada reported some healthy economic numbers on the week as the economy added double the number of jobs that were expected in February and wage growth (an inflationary pressure) slowed for a second month in a row.