Canada Life | GLC Asset Management Group: Market Highlights (May 2012)
April Highlights:
Strong earnings results from American companies were overshadowed by broader global growth concerns as waning investor confidence in the economic outlook for global growth dampened equity market returns.
The Canadian bond market (DEX Universe Bond Index) results were flat for the month, with lower long-term bond yields helping to offset higher short-term bond yields and a slight widening in corporate bond spreads.
Weak gold company results weighed down the Canadian Materials sector.