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Canadian (TSX) Market Analysis & Valuation

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies2207
  • 7D-4.3%
  • 3M7.2%
  • 1Y35.3%
  • YTD4.8%

Over the last 7 days, the market has dropped 4.3%, driven by a decline of 10% in the Materials sector. On the other hand, the Information Technology has risen by 7.9%. In the last year, the market is actually up 35%. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026CA$5.2tCA$2.1tCA$239.8b16.4x21.7x2.4x
Fri, 06 Feb 2026CA$5.1tCA$2.1tCA$224.8b17.1x22.8x2.4x
Sun, 04 Jan 2026CA$5.0tCA$2.1tCA$224.4b16.4x22.1x2.3x
Tue, 02 Dec 2025CA$4.9tCA$2.1tCA$224.2b16.2x21.7x2.3x
Thu, 30 Oct 2025CA$4.7tCA$2.2tCA$215.9b16.2x21.9x2.2x
Sat, 27 Sep 2025CA$4.7tCA$2.2tCA$209.2b16.3x22.3x2.2x
Mon, 25 Aug 2025CA$4.5tCA$2.1tCA$201.8b16.1x22.1x2.1x
Wed, 23 Jul 2025CA$4.3tCA$2.1tCA$190.8b16.3x22.7x2x
Fri, 20 Jun 2025CA$4.3tCA$2.1tCA$191.7b15.4x22.3x2x
Sun, 18 May 2025CA$4.1tCA$2.1tCA$183.5b14.3x22.2x1.9x
Tue, 15 Apr 2025CA$3.8tCA$2.1tCA$173.1b14.6x21.7x1.8x
Thu, 13 Mar 2025CA$3.9tCA$2.1tCA$175.2b14.7x22x1.8x
Sat, 08 Feb 2025CA$3.9tCA$2.1tCA$168.6b14.6x23.4x1.9x
Mon, 06 Jan 2025CA$3.9tCA$2.1tCA$169.3b14.4x23.2x1.8x
Wed, 04 Dec 2024CA$4.0tCA$2.1tCA$166.6b14.8x23.9x1.9x
Fri, 01 Nov 2024CA$3.9tCA$2.1tCA$167.4b15.3x23.3x1.8x
Sun, 29 Sep 2024CA$3.8tCA$2.1tCA$167.7b15.5x22.8x1.8x
Tue, 27 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.4x1.8x
Thu, 25 Jul 2024CA$3.7tCA$2.1tCA$167.7b14x21.9x1.8x
Sat, 22 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.9x1.7x
Mon, 20 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.9x1.8x
Wed, 17 Apr 2024CA$3.5tCA$2.1tCA$174.7b14x20.1x1.7x
Fri, 15 Mar 2024CA$3.5tCA$2.1tCA$173.5b13.8x20.2x1.7x
Sun, 11 Feb 2024CA$3.4tCA$2.1tCA$176.7b13x19x1.6x
Tue, 09 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Thu, 07 Dec 2023CA$3.3tCA$2.1tCA$172.3b12x18.9x1.6x
Sat, 04 Nov 2023CA$3.2tCA$2.1tCA$179.6b12.2x17.8x1.5x
Mon, 02 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.1x1.5x
Wed, 30 Aug 2023CA$3.3tCA$2.1tCA$184.8b11.7x17.8x1.5x
Fri, 28 Jul 2023CA$3.3tCA$2.1tCA$199.2b11.7x16.6x1.6x
Sun, 25 Jun 2023CA$3.1tCA$2.1tCA$200.8b10.9x15.6x1.5x
Tue, 23 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Thu, 20 Apr 2023CA$3.4tCA$2.1tCA$217.6b10.6x15.5x1.6x
Sat, 18 Mar 2023CA$3.2tCA$2.1tCA$219.0b10.5x14.5x1.5x
Price to Earnings Ratio

14.5x


Total Market Cap: CA$3.2tTotal Earnings: CA$219.0bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.6x202420252026
Current Market PE
  • Investors are relatively neutral on the Canadian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.5x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 3.0% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-4.27%
Tech7.94%
Telecom-0.58%
Healthcare-0.75%
Energy-0.90%
Utilities-0.98%
Consumer Staples-1.98%
Real Estate-2.25%
Industrials-2.95%
Consumer Discretionary-4.15%
Financials-4.25%
Materials-10.49%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 19.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CSU Constellation SoftwareCA$2.94k9.1%
+CA$5.2b		-37.8%PE89.6xTech
CNQ Canadian Natural ResourcesCA$62.112.9%
+CA$3.8b		50.0%PE12xEnergy
CLS CelesticaCA$365.544.1%
+CA$1.6b		193.0%PE37.2xTech
GMIN G Mining VenturesCA$58.0811.8%
+CA$1.4b		264.6%PE40xMaterials
SCR Strathcona ResourcesCA$36.9817.9%
+CA$1.2b		37.7%PE13.2xEnergy
See more

Market Insights

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Latest News

CNQ
CA$62.11
Canadian Natural Resources
7D
2.9%
1Y
50.0%
LMN
CA$25.72
Lumine Group
7D
22.1%
1Y
-33.5%
BN
CA$56.62
Brookfield
7D
-3.7%
1Y
18.1%
SCR
CA$36.98
Strathcona Resources
7D
17.9%
1Y
37.7%
CSU
CA$2,938.78
Constellation Software
7D
9.1%
1Y
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TD
CA$130.25
Toronto-Dominion Bank
7D
-2.5%
1Y
56.6%

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Analysts have lifted their average price target for Toronto-Dominion Bank to about CA$141 from roughly CA$135, reflecting a series of recent target increases across the Street that reference stronger than expected results in several segments and updated earnings estimates. Analyst Commentary Recent research takes on Toronto-Dominion Bank cluster around higher target prices but with different views on how compelling the shares look at those levels.
HG
CA$11.20
HydroGraph Clean Power
7D
34.9%
1Y
3,243.3%
BAM
CA$61.53
Brookfield Asset Management
7D
-3.3%
1Y
-8.7%
BNS
CA$97.20
Bank of Nova Scotia
7D
-3.2%
1Y
41.8%
CNR
CA$144.56
Canadian National Railway
7D
-4.9%
1Y
5.1%
CLS
CA$365.54
Celestica
7D
4.1%
1Y
193.0%
CP
CA$114.03
Canadian Pacific Kansas City
7D
-4.9%
1Y
8.2%
RY
CA$224.61
Royal Bank of Canada
7D
-1.0%
1Y
41.3%
FM
CA$32.49
First Quantum Minerals
7D
-11.4%
1Y
88.3%
QSP.UN
CA$97.14
Restaurant Brands International Limited Partnership
7D
3.3%
1Y
-0.7%
GMIN
CA$58.08
G Mining Ventures
7D
11.8%
1Y
264.6%