The performance of the Canadian equity market continued on its upward trend, as Energy and Materials remained robust in the first quarter of 2022.
In Q1, The S&P/TSX Total Return Index rose by 3.8%, the S&P 500 fell by 4.6% while the MSCI ACWI ex. USA decreased by 5.3%.
In Q1, NQICA returned 0.8% leading to a 1-year return of 12.2% versus the S&P/TSX composite which returned 20.2% on an annualized basis.
In Canada, the best Q1 sectors were Energy up 36.2%, Materials up 19.7% and Telecommunication up 8.3%.
The worst sectors were Information Technology down 20.7%, Consumer Discretionary down 8.0%, and Health Care down 5.8%.
In Q1, the best performers in NQICA were Parex Ressources (PXT), Canadian Pacific (CP) and North West Company (NWC) up 19.3%, 13.4% and 12.9% respectively.
On the other hand, the worst performers were goeasy (GSY), Canfor (CFP) and Enghouse (ENGH) down 21.4%, 19.7% and 18.1% respectively.
