The S&P 500 in Canadian dollars logged a monthly gain of +3.95% in June. The S&P/TSX Composite ended June lower by 1.42%.

The S&P 500 in Canadian dollars and the S&P/TSX Composite both ended May higher, logging monthly gains of +4.09% and +2.77%, respectively.

The S&P 500 in Canadian dollars and the S&P/TSX Composite both logged their first monthly loss of 2.62% and 1.82%, respectively, since October 2023. The markets’ pullback was attributed to heighted geopolitical tensions and high valuations that left little room for tolerance for companies to report disappointing earnings or weak future revenue/earnings guidance.