Q3 FY2025: Markets resilient in a challenging environment
Nine months into the year, markets have been stronger than many anticipated. Equity indexes posted sizeable gains, with the S&P 500, S&P/TSX, and MSCI EAFE up 13.7%, 21.4%, and 22.3%, respectively, year to date.1 Bonds also delivered positive returns of 6.1%, 3.0%, and 7.9% as measured by the Bloomberg US Aggregate Bond Index, the FTSE Canada Universe Bond Index, and the Bloomberg Global Aggregate Bond Index, respecti