News & Updates
Northern Trust Canada Universe: Canadian pension plans achieved a median return of 2.5% in the first quarter of 2024
June 18, 2024
Canadian pension plans achieved a median return of 2.5% in the first three months of 2024, according to the Northern Trust Canada Universe.
Key highlights from the report:
- The first quarter of 2024 revolved around macro-economic data, with a focus on inflation. Central banks maintained current policies while hinting at possible future interest rate cuts.
- Financial markets fluctuated due to the uncertainty around the timing of this monetary easing.
- Bond markets struggled due to mixed data, resulting in negative returns.
- However, investor optimism about potential rate cuts boosted equity markets, particularly in the U.S, despite timing uncertainty.
- In particular, Canadian equities rose 6.6%, led by Health Care, Energy, and Industrials. U.S. equities surged 13.5% in CAD. International markets returned 8.7% in CAD, with strong performance in IT and Consumer Discretionary. Emerging markets rose 5.1% in CAD, led by IT.
Click on more information below to read the full report:
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