Financial markets at a glance – December 31, 2022
FINANCIAL MARKETS
AT A GLANCE
December 31, 2022
Canadian and U.S. equities were mostly positive over the quarter. Yields rose through the quarter. Corporate bonds outperformed government bonds, and short-term bonds outpaced long-term bonds. Here are the financial markets at a glance.
CANADIAN EQUITIES
U.S. EQUITIES
Sector
9 of the 11 Canadian equity sectors ended the quarter in positive territory. Here are the best and worst performing sectors relative to last quarter.
Sector
9 of the 11 U.S. equity sectors ended the quarter in positive territory. Here are the best and worst performing sectors relative to last quarter.
WORST PERFORMERS
BEST PERFORMERS
Energy
Information
Technology
Communications
Services
14.1% 
11.3%
9.2%
Health Care
Utilities
Financials
-10.9% 
-7.4%
3.4%
Energy
Industrials
21.1%
17.6%
Consumer
Discretionary
Communications
Services
-11.4%
-2.8%
Company size performance comparison
Small companies outperformed medium and large sized companies, with medium sized companies trailing but still positive over the quarter.
Company size performance comparison
Medium sized companies outperformed both small and large sized companies, but all were positive over the quarter.
What’s working/What’s not working
From a style perspective, growth outperformed the index while value trailed but all were positive.
All factors and the index were positive this quarter, while quality and momentum outperformed, followed by dividends and low volatility, which all outperformed the index.
What’s working/What’s not working
Value outperformed while growth trailed the index this quarter.
Factors were all positive this quarter, with dividends, momentum, low volatility and quality outperforming the index.
GLOBAL EQUITIES
FIXED INCOME
Regional
Company size performance comparison
Global large and small companies were positive over the quarter.
Large Companies
Small Companies
What’s working/What’s not working
From a style perspective, value outperformed the index and growth, while all were positive over the quarter.
All factors were positive over the quarter and outperformed the index. Dividends outperformed the most.
Yields rose this quarter, with short-term bond yields rising more than long-term yields.
Relative bond performance
Bond yield
Bond yields were up with both shorter and longer date bond yields increasing over the quarter.
Yield on the Canada 2-year rose from 3.79% to 4.06%.
Canada 5-year rose from 3.32% to 3.41%.
Canada 10-year rose from 3.16% to 3.30%.
Canada long bond rose from 3.09% to 3.28%.
Source: Morningstar Research Inc. as of December 31, 2022. © 2022 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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December 2022
