TORONTO, February 02, 2024–(BUSINESS WIRE)–Canadian pension plans harnessed the strength of market momentum at the end of 2023, generating a median return of 8.4% for the fourth quarter. These solid results supported an annual median return of 10.0%, according to the Northern Trust Canada Universe.
The final quarter of 2023 started on a weak note as heightened geopolitical tensions in the Middle East in early October caused financial markets concern. Notwithstanding the uncertainty created by these conflicts, markets welcomed news from monetary policymakers as many central banks pivoted their policy stance to a pause mode as inflation figures continued to soften relative to the highs witnessed earlier this year. Despite a slow start to the period, positive economic fundamentals combined with the shift in monetary narrative enabled equity markets to close the quarter on solid footing. As stocks finished on a high note, the bond…
