Stock markets advanced in May, supported by strong corporate earnings and continued enthusiasm for technology, including AI. At the same time, geopolitical risks resurfaced, reminding investors that volatility remains a feature, not just a “bug,” of the current environment.
Stock markets rebounded strongly in April after weakening in March. The S&P/TSX Composite Index gained 3.7% during the month, helped by strength in the industrial and technology sectors and by strong corporate earnings.
Stock markets were mixed in February. The S&P/TSX Composite Index had a strong month, driven by strong materials and energy stocks. The MSCI EAFE Index also gained ground, while U.S. stock indexes were generally weaker. Fixed income was generally stronger across the board.
Q2 FY2025: Markets digest tariffs and geopolitical tension
The second quarter of 2025 was marked by a volatile and complex stock market environment, influenced by various factors such as economic indicators, corporate earnings, and geopolitical events.