March 2026 market update

Global markets faced turbulence in March 2026 as geopolitical tensions in the Middle East and economic uncertainties shaped investor sentiment. Equity markets declined, with Canada’s S&P/TSX Composite and U.S. indices falling amid rising oil prices and concerns over inflation. Central banks—including the Bank of Canada and the U.S. Federal Reserve—held interest rates steady but signaled that future hikes could be necessary if inflation pressures persist.

In Canada, the labour market showed weakness, with significant job losses in February, while U.S. inflation remained elevated. Rising energy costs from the conflict in the Strait of Hormuz contributed to market volatility. In China, slower growth targets reflected ongoing trade tensions, though retail sales showed early-year strength.

Investors are navigating heightened uncertainty, balancing potential rate increases against slower global growth and geopolitical risks.

To read the full update, including data tables and detailed commentary, visit the full article on Canada Life: Monthly Market Update – March 2026.