Click here to read Leon Frazer’s latest commentary on equity markets and the economy in general.

Oil prices and the Canadian equity market continued their respective ascents in Q2, up 26.1% and 5.1% respectively. For oil, this was the strongest quarter since 2009, as fundamental supply/demand dynamics continued to improve. The S&P 500 gained ground as well, up 2.5% in local currency, however the Canadian dollar appreciated up 0.6% against the US dollar, taking away from returns on foreign equities for Canadian investors.

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