In the third quarter of 2024, the S&P/TSX rose significantly by 10.5%. Meanwhile, the S&P 500 surged by 5.9%. The MCSI ACWI ex USA also saw a substantial increase of 8.2%.
At the end of the 12-month period ending September 30, the S&P/TSX increased by 26.7%. The S&P 500 had the strongest performance, growing by 36.4%, while the MSCI ACWI ex USA experienced an increase of 26%.
The NQICAT reported a quarterly performance increase of 6.6%, and on an annual basis, it grew by 28.3%.
The top- performing TSX sectors for the second quarter included Financials, which was up by 17%, Utilities, which was up by 16.6% and HealthCare, which was up by 14%
Most sectors growth was positive, with Energy being the only exception, as it declined by 6.2%. Industrials also showed growth but at a lower rate of 1.5%.
The leading quarterly performers in NQICAT was iA Financial Group Inc, which reported a notable increase of 31.4%, followed by North West Company Inc with a growth of 23.9%, and National Bank of Canada with a growth of 18.7%.
On the other hand, the underperformers in NQICAT included Goeasy Ltd, which reported a decline of 7.6%, Canadian Natural Resources Ltd, which decreased by 6.8%, and TFI International Inc., which saw a drop of 6.5%.
