Market Review and Kaleido RESP Portfolio Performance for Q1 2025

This edition highlights the main factors influencing your investments during the period from January to March 2025. Among these factors, the markets reacted strongly to the announcement of new U.S. tariffs, raising legitimate concerns among many investors. On the stock markets, the S&P 500 index was adversely affected by these measures, recording a quarterly return of -4.2% in Canadian dollars. The S&P/TSX index held up better, posting a performance of 1.5% over the same period. In the fixed-income securities sector, the FTSE Canada Universe Bond Index closed the quarter with a return of 2%. In addition, the Bank of Canada lowered its key rate by 25 basis points, from 3% to 2.75%.

The investment climate is still volatile, but it is important to take a step back and maintain a long-term vision.

To learn more about the performance of your Kaleido RESP plan for the first quarter of 2025, we invite you to download the PDF reports here.

The Kaleido Team