Last week in the markets:
Global risk assets posted a second consecutive week of strong gains as investors cheered encouraging news on the COVID-19 vaccine front. Economically-sensitive sectors such as energy and financials outperformed. Safe-haven assets, such as global government bonds and gold bullion, sold-off.
The S&P/TSX Composite Index strengthened buoyed by double-digit gains in energy. REITs and financials also posted robust gains., while I.T., materials, and staples declined. The government of Canada 10-year benchmark bond yield rose to its highest level since early April.
The S&P 500 Index (C$) strengthened also buoyed by double-digit gains in energy. Financials, industrials, and REITs posted robust gains, while discretionary and I.T. declined. The yield on the benchmark 10-year U.S. treasury note reached its highest level since late March.
The MSCI EAFE Index (C$) strengthened also buoyed by double-digit gains in energy. Financials, REITs, and discretionary posted robust gains. No sectors declined.