A few key developments from March:
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Concerns around the Trump administration’s tariff path have heightened market volatility, with a further sell-off following official announcements in early April.
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The NASDAQ dropped over 8% in March, with Technology and Consumer Discretionary sectors underperforming. Canadian equities were more resilient, buoyed by strength in Energy and Materials. Defensive sectors like Utilities and Healthcare gained traction.
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Fixed income saw modest declines as widening credit spreads signals growing caution, even as U.S. 10-year yields held steady.