1. Canadian equities experienced their best quarterly performance in over four years, outperforming the S&P 500 for the first time in seven quarters. 2. ClearBridge's Canadian Equity Strategy delivered strong absolute returns but underperformed the S&P/TSX benchmark due to sector exposures in industrials, financials, and consumer staples. 3. The strategy's overweight position in utilities and strong security selection in the sector contributed positively to performance.