ClearBridge Canadian Equity Strategy Q2 2025 Commentary

2025-07-11 08:15:00 ET

By Garey J. Aitken, CFA & Timothy W. Caulfield, CFA

Market Overview

Canadian equities advanced in the second quarter despite heightened global trade tensions inflicted by the U.S. administration’s “Liberation Day” tariff announcements, in addition to intensified geopolitical risks in the Middle East. In fact, the S&P/TSX Composite Total Return Index jumped 8.5%, hitting new all-time highs in late June — particularly impressive considering the initial 9.6% swoon for the S&P/TSX Composite TRI in the initial days of the quarter....

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