The first quarter of 2017 saw a shift to more normal market conditions as U.S. interest rates continued to rise. Canadian equities delivered their fifth-straight quarterly gain. Our pools continued to perform well, led by strong results from international and emerging-market holdings. Our Canadian holdings benefitted from a significant underweight to the underperforming energy sector. Each of our fixed-income pools delivered positive absolute returns. Overall, key economic data support our positive outlook as 2017 unfolds.Read the full report.