As at June 30, 2026
| Closing 30-06-26 |
Variation 31-05-26 |
Variation 31-12-25 |
|
|---|---|---|---|
| Key interest rate in Canada (%) | |||
| Key interest rate in Canada (%) | 2.25 | 0.00 | 0.00 |
| Oil WTI (USD) | |||
| Oil WTI (USD) | $69.50 | -20.4% ▼ | 21.0% ▲ |
| Gold (USD) | |||
| Gold (USD) | $4,008.02 | -11.7% ▼ | -7.2% ▼ |
| EUR/CAD | |||
| EUR/CAD | 1.62 | 0.8% ▲ | 0.8% ▲ |
| JPY/CAD | |||
| JPY/CAD | 0.01 | 0.9% ▲ | 0.0 |
| USD/CAD | |||
| USD/CAD | 1.42 | 2.9% ▲ | 3.6% ▲ |
Sources: Bank of Canada, Bloomberg Finance L.P.
CANADIAN MARKET
0.3% (S&P/TSX Composite 30-06-2026)The Canadian marked ended June slightly higher with 0.3 % in a context where a sharp decline in oil prices weighed on energy stocks.
Even so, the economic data released in June were encouraging. Canada’s gross domestic product rose by 0.5% in April, a better-than-expected result that helped reassure investors about the economy’s resilience. Even though the uncertainty surrounding U.S. tariffs and trade negotiations continued to dampen investment, the impact was limited to those sectors directly affected.
As for fixed income, lower oil prices and easing inflation concerns pushed Canadian bond yields down during the month. In this context, the FTSE Canada Universe Bond Index rose 0.5%.
U.S. MARKET
2.0% (S&P 500 30-06-2026 in CAD)The U.S. market advanced 2.0% in Canadian currency in June, despite a 1.0% decline in local currency, with the greenback’s strength relative to the loonie increasing the return for Canadian investors. Big tech had a more difficult month as investors questioned its high valuations and massive investment in artificial intelligence. Even so, the earnings growth outlook for a number of companies remained positive and continued to support the market.
Geopolitical developments also attracted attention. Progress toward a deal between the United States and Iran helped calm the markets at the end of the month, reducing concerns about energy prices and their potential impact on inflation. As for monetary policy, investors still expected the Federal Reserve to maintain a cautious approach.
INTERNATIONAL MARKETS
3.1% (MSCI EAFE 30-06-2026 in CAD)International markets continued to advance in June, returning 2.4% in local currencies and 3.1% in Canadian dollars.
In Europe, the slowdown in inflation was more pronounced than expected in a number of major economies, reducing the pressure on the European Central Bank. The recent decline in energy prices also helped improve the short-term economic outlook, although the markets continued to price in the potential for further monetary tightening later in the year.
The Bank of Japan raised its key interest rate to 1.0%, in line with expectations. At the same time, the yen remained under pressure against the U.S. dollar, fuelling speculation that the Japanese authorities might intervene in the foreign exchange market.
EMERGING MARKETS
1.6% (MSCI Emerging Markets 30-06-2026 in CAD)In June, emerging markets offered a positive return of 1.6 % in Canadian dollars despite a generally flat performance in local currencies.
The Asian markets continued to benefit from robust global demand for artificial intelligence. South Korea’s exports grew strongly on booming semiconductor sales, reflecting the country’s strategic role in the global technology supply chain. Taiwan also continued to benefit from the positive momentum.
In the coming months, the markets will continue to be influenced by geopolitical developments in the Middle East, the outlook for inflation and decisions by the major central banks.
