The Q Review: March 2025

Welcome to the Q Review, a monthly report from Qtrade Direct Investing®. Each month, we share insights into market trends, investor activity, and what’s new with us!

March saw significant developments in global markets, from economic data releases to shifts in investor sentiment. Let’s take a look at the most impactful financial news from March 2025.

Market volatility amid policy uncertainty

Throughout March, equity markets experienced notable volatility. The S&P 500 declined by 1.5% during the week ending March 28, while the Nasdaq Composite dropped over 2.5%. These movements were largely driven by signs of weakness in the U.S. economy and concerns over inflation and potential trade wars.

Bank of Canada and U.S. Federal Reserve rate outlook

Central banks continued to be a focal point for investors. The Bank of Canada held its key interest rate at 3%, while the Federal Reserve maintained its rate at 4.5%, with expectations of gradual reductions later in the year. These decisions reflect ongoing efforts to balance inflation control with economic growth.

Commodity price movements

Gold prices continued their upward trajectory, climbing 1.25% during the week ending March 21 and marking over 15% gains for the year. This surge is attributed to investors seeking safe-haven assets amid geopolitical conflicts and potential trade wars. Analysts project this trend to persist, with price targets approaching $3,500 an ounce, driven by expectations of additional rate cuts in the U.S. later this year.

Inflation and economic indicators

The U.S. Consumer Price Index (CPI) for February, reported in March, showed a 2.9% year-over-year increase, slightly below the previous 3.0%. Meanwhile, Canada’s inflation rate ticked up to 2.2%, signaling potential shifts in monetary policy later this year.

Investor sentiment and market outlook

The Nasdaq Composite faced one of its longest losing streaks since 2022, while the S&P 500 remained volatile. Concerns over economic slowdown, tariffs, and geopolitical risks have kept stocks under pressure. Analysts anticipate that market turbulence may persist until at least the second half of 2025.

Most Bought and Sold Securities in March on Qtrade Direct Investing

Five Most Purchased Securities on Qtrade Direct Investing – March 2025

1. ISHARES CORE EQUITIES ETF PORTFOLIO UN
2. ISHARES PREMIUM MONEY MARKET ETF
3. WHITECAP RESOURCES INC
4. VANGUARD S&P 500 INDEX ETF UN
5. NVIDIA CORP

Five Most Sold Securities on Qtrade Direct Investing – March 2025

1. ISHARES PREMIUM MONEY MARKET ETF
2. TESLA INC
3. NVIDIA CORP
4. VANGUARD S&P 500 INDEX ETF UN
5. ENBRIDGE INC

News

Managing Fear in Unstable and Unpredictable Economic Conditions

We are preparing to share an insightful article with wealth leaders and advisors, addressing the challenges of managing fear in today’s unstable economic landscape. The article explores the well-known concept of FOMO (fear of missing out) alongside its lesser-discussed counterpart, "fobia"—the fear of being frozen out by information overload. It also examines the growing concerns surrounding tariffs and their impact on market volatility. This piece will offer valuable perspectives on how to navigate these complex and anxiety-inducing dynamics.

To read the full article, click here.

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^{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}