Thoughts

S&P/TSX and S&P 500 Performance

June 26, 2018

S&P/TSX Composite Index

< The S&P/TSX Composite Index rose 2.91% through the month of May on a price-only basis. Of the 248 stocks in the index at month end and the 2 that were removed during the month, 161 rose, 87 fell and 2 were unchanged.

S&P 500 Index

< The S&P 500 Index gained 2.16% on a price-only basis through the month of May. Of the 505 stocks in the index at month end and the three removals, 289 rose and 219 declined.

S&P500 – May 2018

S&PTSX – May 2018

Pertinent and general disclosures included in attached reports.