Summary

• Strong earnings and energy exposure have helped Canadian equities outperform despite mounting geopolitical and inflation pressures.
• The Strait is still closed, and so we thought maybe the worst of the oil price surge was behind us a month ago when we got the ceasefire. Lo and behold, we're still seeing that crude creep higher as we go.
• We need to see some relief on the bond yields, or it's going to be a bit tougher slog uphill for the markets from here.

Strong earnings and energy exposure have helped Canadian equities outperform despite mounting geopolitical and inflation pressures. But with oil risks, rising bond yields, and stretched expectations building, Michael O’Brien, Managing Director and Co-Head of Canadian Equity Portfolio Management at TD

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