Discover the latest insights and trends in the financial world with our Q4 2024 report! Whether you’re an investor or just curious about market movements, this article offers valuable perspectives to help you stay ahead. Read the full report: Download/View this PDF here
Last year was productive for equity investors, with Canadian and American indexes delivering strong returns for the third consecutive year. However, it wasn’t without turbulence. The first quarter saw modest gains until a major policy announcement in early April introduced a new round of trade tariffs, sparking a global trade conflict.
By Friday, April 4, the North American equity indexes had plunged between 6.32 per cent and 10.02 per cent for the week. The MSCI All Country World Index fell 7.91 per cent over the same period, signifying the depth and breadth of the negative effects of tariffs on equity values around the world. Fortunately, by mid-May the TSX, S&P 500, Dow and NASDAQ had recovered these early losses.
As we step into 2025, now is the perfect time to review your financial goals and make sure your investments are aligned for success. Explore the advantages of portfolio rebalancing, tick off key items from your New Year’s financial checklist, and stay ahead with important deadlines like your RRSP contribution date. Plus, discover how strategies like spousal RRSPs can help maximize your retirement planning. Let’s make 2025 your most financially confident year yet
The final, and Thanksgiving shortened, week of the month salvaged what had been a dismal period for North American equity indexes. The S&P 500 and Dow eked out small gains but gains nonetheless after rising more than 3 percent last week. The TSX rose 4 percent in the last week and achieved another all-time high. In the four trading days last week, NASDAQ jumped nearly 5 percent but remained 1½ percent below its level from the end of October.
North American equity investors saw strong performance, especially those focused on the U.S. indexes. Although the TSX moved up nearly one per cent, the American indexes moved up substantially more, with the NASDAQ delivering nearly five per cent.
This performance came with an increase of uncertainty and volatility that spiked in the middle of the month. Further evidence of the resultant flight-to-safety was the peak closing price for gold on October 20, when it reached $4,359 USD.
The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor.
© 2024, Wellington-Altus Private Wealth Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION. www.wellington-altus.ca