The Q Review: April 2024
Welcome to the Q Review, a monthly report from Qtrade Direct Investing®. Each month, we’ll share some great information about what’s been happening in the markets, what our Qtraders are doing, and what’s new with us!
April in the Markets
For investors, staying informed, adaptable, and strategic is key to navigating the sometimes choppy waters of the financial markets. April had some ups and downs when it came to moving markets, and we’ve highlighted some of the top headlines to help you understand how it could impact you.
- Global equity markets finished lower over April amid geopolitical tensions, continued inflation, and revised interest rate expectations.
- The S&P/TSX Composite Index finished lower in April after starting out the year with record highs. U.S. equities also fell, marking their first monthly decline in 2024. (Don’t worry, things are still looking green for 2024 overall!)
- The Federal Government released its 2024 Budget on April 16, announcing, among other things, a proposed increase in capital gains taxes, from 50% to 66%. Check out our article for all the details on what else was included that might matter to investors.
Most bought and sold securities in April on Qtrade Direct Investing
Ten Most Purchased Securities on Qtrade Direct Investing – April 2024
- ISHARES CORE EQ ETF PTF UN
- ISHARES CORE GROWTH ETF PORT
- BCE INC NEW
- TELUS CORP
- HORIZONS S&P 500 INDEX ETF
- ENBRIDGE INC
- VANGUARD S&P 500 INDEX ETF UN
- ISHARES PREMIUM MONEY MKT ETF
- TESLA INC
- ISHARES CDN FIN MNTHLY UN ETF
Ten Most Sold Securities on Qtrade Direct Investing – April 2024
- CANOPY GROWTH CORP COM
- TESLA INC
- ENBRIDGE INC
- BCE INC NEW
- SUNCOR ENERGY INC NEW
- ISHARES PREMIUM MONEY MKT ETF
- BNS INV SAV ACT SR F -NL
- CENOVUS ENERGY INC
- NVIDIA CORP
- AURORA CANNABIS INC COM NO PA
The latest from Qtrade
As we mentioned, Finance Minister Chrystia Freeland tabled the 2024 Federal Budget on April 16. Subtitled “Fairness for every generation,” the budget proposes new measures to support Canadians and the economy. We’ve highlighted what investors need to know.
Along with the budget announcement, the end of April also marked the deadline for the 2023 tax year. If you’re fortunate enough to receive a refund, we have ten ideas for what you might want to do with it.
And in company news, Aviso, parent company of Qtrade, celebrated six years of powering wealth by launching one of Canada’s first investment dealers to be dual registered for mutual funds and securities. It’s a big milestone as we build a technology-enabled, client-centric wealth ecosystem—with big benefits for advisors and investors. Learn more about how Aviso is shaping the Canadian financial services landscape.
Remember, investing is a marathon, not a sprint. It's about making informed decisions that align with your long-term goals. We’ll see you next month for more market insights!
Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names or trademarks of Aviso Wealth Inc. and/or its affiliates.
Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Aviso Financial Inc. (including divisions Aviso Wealth, Qtrade Direct Investing, Qtrade Guided Portfolios, Aviso Correspondent Partners), and Northwest & Ethical Investments L.P.
The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This material is for informational and educational purposes, and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters.