Market Recap* – Week of October 12, 2026
Canadian equities, bonds, and money market investments moved higher, while U.S. equities declined and the Canadian dollar strengthened against the U.S. dollar.
Market recap and insights on recent market moves
Embark’s Head of Investments shares regular market recaps to help families understand what moved the markets—and what it could mean for education savings.
About Yelena Stepanyan, CFA, MBA
Yelena Stepanyan, CFA, MBA, is Head of Investments at Embark, overseeing approximately CAD $6.4 billion. With 25+ years in finance, she leads investment strategy, asset allocation, external manager oversight, new product development, and customer education. Yelena holds an MBA from the Ivey Business School and is a CFA Charterholder. She previously served as Chair of the Institutional Asset Management Committee at CFA Society Toronto and is a member of the Secondary School Relations Committee.
Outside of work, Yelena is a proud mother of three who strongly believes in education savings. She speaks four languages and is active in the community, giving back as a leader.
Latest Market Recaps
Market Recap* – Week of October 5, 2026
Canadian and U.S. equities moved higher, while bonds and money market investments posted gains and the Canadian dollar weakened against the U.S. dollar.
Market Recap* – September, 2026
Canadian and U.S. equities declined in September, while Canadian fixed income also moved lower. Money market instruments delivered positive returns, and the Canadian dollar weakened against the U.S. dollar.
Market Recap* – Week of September 21, 2026
Canadian equities and bonds moved lower, while U.S. equities advanced amid continued strength in technology stocks. Money market investments recorded modest gains, while the Canadian dollar weakened against the U.S. dollar.
Market Recap* – Week of September 14, 2026
Canadian equities rose while U.S. equities declined as higher interest rates and inflation concerns continued to influence markets. Bonds and money market investments posted gains, while the Canadian dollar weakened against the U.S. dollar.