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Our latest updates and outlook on the market.
April 2026 Market Recap
Last Month in the Markets: April 1 – 30, 2026 What happened in April? The market results of last month belie the political, humanitarian, and military turmoil occupying most people’s attention. North American equity indexes rose between 3.5% and 15% during April. This performance brought all U.S. indexes back into positive territory for year-to-date performance….
March 2026 Market Recap
Last Month in the Markets: March 2 – 31, 2026 What happened in March? Nearly every market move was controlled, or at least heavily influenced, by the U.S. attack on Iran that began at the end of February. Two days of conflict preceded the opening of trading on March 2, and the war continued unabated through…
February 2026 Market Recap
Last Month in the Markets: February 2 – 27, 2026 What happened in February? The economic events of February were overshadowed by the political and military actions that occurred on the last day of the month following the close of markets on February 27. Nonetheless, events that influenced markets in February included: 1. February 5…
2025 Market Review & 2026 Market Outlook
Last Month in the Markets: December 2025 Last Year in the Markets: January 1st – December 31st, 2025 What happened in 2025? Last year was again productive for equity investors, with Canadian and U.S. indexes delivering strong returns for the third consecutive year. However, the year was not smooth throughout. The first quarter struggled until President…
November 2025 Market Recap
Last Month in the Markets: November 3rd – 28th, 2025 What happened in November? The final—and Thanksgiving-shortened—week of the month salvaged what had otherwise been a disappointing stretch for North American equity markets. The S&P 500 and Dow posted small but positive gains after rising more than 3% during the last week of November. The…
October 2025 Market Recap
Last Month in the Markets: October 1st – 31st, 2025 What happened in October? North American equity investors experienced strong performance in October, particularly those focused on U.S. indexes. While the TSX rose nearly one percent, American indexes advanced substantially more, with the NASDAQ gaining almost five percent. This performance occurred alongside heightened uncertainty and…


