Monthly market snapshot

Monthly Overview.  In 2025, equity markets performed strongly across the board, despite a rocky start that challenged investors. Canada’s main stock index ended the year with its largest annual increase since 2009. This impressive performance was fueled by rising gold and silver prices, as geopolitical tensions significantly boosted the share price of most miners’ stocks. As well, gains were made in major financial stocks.     

Monthly Overview. November was a volatile month for equities. Canada’s main equity benchmark, the S&P/TSX Composite Index, extended its rally for a seventh consecutive month, reaching record highs. Meanwhile, the S&P 500 Index dipped from its October peak but staged a strong rebound by month-end, preserving its seven-month winning streak in U.S.-dollar terms.

Monthly Overview.  Canadian and U.S. equity markets had another positive month in October. Canada’s benchmark stock index (S&P/TSX Composite Index) marked its sixth straight monthly advance, the longest such streak since 2021. U.S. equities hit record highs in October amid easing U.S.-China trade tensions, an interest-rate cut by the U.S. Federal Reserve (the Fed), robust corporate earnings, and an ongoing government shutdown.

Monthly Overview.    Canada’s primary stock index reached a record high, closing the quarter with impressive gains fueled by robust corporate earnings and elevated commodity prices. Similarly, U.S. equity indices saw increases throughout September and the third quarter. Notably, the S&P 500 and Nasdaq 100 achieved their fifth and sixth consecutive monthly gains, respectively.