Market Overview: From the Desk of Robert Vanderhooft (CIO)

Published: 20/04/2020

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Long-term investors who have maintained well diversified asset mixes found some relief in April as equity markets demonstrated considerable resilience in rebounding from their lows. For context, the S&P 500 Index year-to-date (YTD) loss in Canadian dollars is now closer to low single digits and the NASDAQ Composite Index is hovering near unchanged territory. This is partly due to the strength of the U.S. Dollar versus its Canadian counterpart as YTD the Canadian dollar is down approximately 8% vis-à-vis the US dollar.

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