{"id":55181,"date":"2026-04-01T15:27:04","date_gmt":"2026-04-01T20:27:04","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=55181"},"modified":"2026-04-01T15:27:04","modified_gmt":"2026-04-01T20:27:04","slug":"portfolio-managers-april-comments-for-q1-results","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2026\/04\/portfolio-managers-april-comments-for-q1-results\/","title":{"rendered":"Portfolio Manager\u2019s April Comments for Q1 Results"},"content":{"rendered":"<p>In the first quarter of 2026, the S&amp;P\/TSX rose by 3.9%. Meanwhile, the S&amp;P 500 fell by 4.3%. The MSCI ACWI ex USA saw the lowest decrease of 0.6% compared to the other two.<\/p>\n<p>At the end of the 12-month period ending March 31, the S&amp;P\/TSX had an incredible performance of 34.8%. The S&amp;P 500 grew by 17.8%, while the MSCI ACWI ex USA experienced an increase of 25.6%.<\/p>\n<p>The NQICAT outperformed this quarter and reported a quarterly performance increase of 4.2%, and on an annual basis, it grew by 22.6%.<\/p>\n<p>The top-performing TSX sectors for the first quarter included Energy, which was up by 42.4%, Utilities, which was up by 11.2%, and Materials, which was up by 10.7%.<\/p>\n<p>Most sectors growth was positive, with IT, HealthCare, Consumer Discretionary, and Financials being the exceptions, as IT declined by 19.5%, HealthCare declined by 6.1%, and Consumer Discretionary saw a decline of 2.2%.<\/p>\n<p>The leading quarterly performers in NQICAT was Imperial Oil (IMO.TO), which reported an incredible increase of 54.3%, followed by Canadian Natural Resources Ltd. (CNQ.TO) with a growth of 47.2%, and DPM Metals Inc. (DPM.TO) with a growth of 15.6%.<\/p>\n<p>On the other hand, the underperformers in NQICAT included goeasy Ltd. (GSY.TO), which reported a decline of 69.8%, Constellation Software Inc. (CSU.TO), which decreased by 26.0%, and Dollarama Inc. (DOL.TO), which saw a drop of 16.7%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter of 2026, the S&amp;P\/TSX rose by 3.9%. Meanwhile, the S&amp;P 500 fell by 4.3%. The MSCI ACWI ex USA saw the lowest decrease of 0.6% compared to the other two. At the end of the 12-month period ending March 31, the S&amp;P\/TSX had an incredible performance of 34.8%. The S&amp;P 500 [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55],"tags":[],"class_list":["post-55181","post","type-post","status-publish","format-standard","hentry","category-modelportfolio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Portfolio Manager\u2019s April Comments for Q1 Results - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2026\/04\/portfolio-managers-april-comments-for-q1-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio Manager\u2019s April Comments for Q1 Results\" \/>\n<meta property=\"og:description\" content=\"In the first quarter of 2026, the S&amp;P\/TSX rose by 3.9%. Meanwhile, the S&amp;P 500 fell by 4.3%. The MSCI ACWI ex USA saw the lowest decrease of 0.6% compared to the other two. At the end of the 12-month period ending March 31, the S&amp;P\/TSX had an incredible performance of 34.8%. 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