Financials

Canadian equity markets have benefited from rising energy prices, commodities, and global base metals themes. The S&P/TSX Composite is up 4% year to date. And similarly, the S&P/TSX Small Cap Index and the TSX 60 Index are also positive, 8.50% and 3.8% respectively. 2022 has been friendly to Canada’s resource heavy economy and equity markets […]

The financial sector tends to benefit from economic improvements, potential rate increases, and rotational inflows from rate sensitive growth stocks. The US 10-year is hovering near 1.70%, down from 1.81% – a level not seen since 2020, pre-COVID-19. The sell-off in the credit market spilled over to the equity market trickling to rate sensitive sectors.