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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies2196
  • 7D0.6%
  • 3M5.9%
  • 1Y34.2%
  • YTD9.3%

The market has climbed 2.5% in the last 7 days, lead by the Materials sector with a gain of 13%. Meanwhile, the Information Technology sector has underperformed, shrinking 4.9% in that time. As for the past 12 months, the market is up 35%. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026CA$5.5tCA$2.2tCA$246.1b16.9x22.4x2.5x
Sat, 11 Apr 2026CA$5.3tCA$2.2tCA$241.1b16.7x21.9x2.4x
Mon, 09 Mar 2026CA$5.2tCA$2.1tCA$239.7b16.8x21.7x2.4x
Wed, 04 Feb 2026CA$5.1tCA$2.1tCA$223.9b17.3x22.6x2.4x
Fri, 02 Jan 2026CA$4.9tCA$2.1tCA$224.4b16.4x22x2.3x
Sun, 30 Nov 2025CA$4.9tCA$2.1tCA$224.1b16.4x21.7x2.3x
Tue, 28 Oct 2025CA$4.7tCA$2.2tCA$215.4b16.5x21.9x2.2x
Thu, 25 Sep 2025CA$4.7tCA$2.2tCA$209.0b16.4x22.4x2.2x
Sat, 23 Aug 2025CA$4.4tCA$2.1tCA$201.8b16.1x21.9x2.1x
Mon, 21 Jul 2025CA$4.3tCA$2.1tCA$191.2b16.1x22.7x2x
Wed, 18 Jun 2025CA$4.3tCA$2.1tCA$191.7b15.4x22.3x2x
Fri, 16 May 2025CA$4.0tCA$2.1tCA$180.5b14.3x22.4x1.9x
Sun, 13 Apr 2025CA$3.8tCA$2.1tCA$173.2b14.4x21.7x1.8x
Tue, 11 Mar 2025CA$3.9tCA$2.1tCA$175.3b14.7x22.5x1.8x
Thu, 06 Feb 2025CA$3.9tCA$2.1tCA$170.6b14.5x22.9x1.8x
Sat, 04 Jan 2025CA$3.9tCA$2.1tCA$169.2b14.4x23x1.8x
Mon, 02 Dec 2024CA$4.0tCA$2.1tCA$166.3b14.8x24x1.9x
Wed, 30 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.4x23.3x1.8x
Fri, 27 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.7x1.8x
Sun, 25 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.3x1.8x
Tue, 23 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.3x21.7x1.8x
Thu, 20 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.7x1.7x
Sat, 18 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.7x1.8x
Mon, 15 Apr 2024CA$3.5tCA$2.1tCA$174.6b14.1x20.2x1.7x
Wed, 13 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.8x20.1x1.7x
Fri, 09 Feb 2024CA$3.4tCA$2.1tCA$174.6b12.9x19.2x1.6x
Sun, 07 Jan 2024CA$3.4tCA$2.1tCA$173.2b13x19.5x1.6x
Tue, 05 Dec 2023CA$3.3tCA$2.1tCA$172.0b12.2x19x1.6x
Thu, 02 Nov 2023CA$3.1tCA$2.1tCA$184.5b11.5x16.6x1.5x
Sat, 30 Sep 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Mon, 28 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Wed, 26 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Fri, 23 Jun 2023CA$3.2tCA$2.1tCA$200.8b11x15.9x1.5x
Sun, 21 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$3.3tTotal Earnings: CA$206.3bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.9x202420252026
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 20.9x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 6.0% 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 Market0.64%
Materials6.52%
Energy1.74%
Utilities0.34%
Telecom-0.43%
Consumer Staples-0.69%
Financials-0.90%
Consumer Discretionary-2.06%
Real Estate-2.36%
Healthcare-2.89%
Tech-3.45%
Industrials-3.69%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings growth rate of 28% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.5% 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
POW Power Corporation of CanadaCA$79.181.8%
+CA$46.4b		61.0%PE35.2xFinancials
ABX Barrick MiningCA$61.508.4%
+CA$8.0b		149.7%PE12.3xMaterials
WPM Wheaton Precious MetalsCA$194.836.2%
+CA$5.2b		82.3%PE35.9xMaterials
LUN Lundin MiningCA$42.0215.6%
+CA$4.9b		229.6%PE22xMaterials
CNQ Canadian Natural ResourcesCA$64.693.9%
+CA$4.7b		47.4%PE13.9xEnergy
See more

Market Insights

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Latest News

TECK.B
CA$91.63
Teck Resources
7D
8.4%
1Y
76.7%
ABX
CA$61.50
Barrick Mining
7D
8.4%
1Y
149.7%
POW
CA$79.18
Power Corporation of Canada
7D
1.8%
1Y
61.0%
TRI
CA$112.62
Thomson Reuters
7D
-10.5%
1Y
-57.2%
CCO
CA$158.28
Cameco
7D
-6.2%
1Y
112.5%
CNQ
CA$64.69
Canadian Natural Resources
7D
3.9%
1Y
47.4%
Analysis Article • 20h

Industry Analysts Just Upgraded Their Canadian Natural Resources Limited (TSE:CNQ) Revenue Forecasts By 11%

Shareholders in Canadian Natural Resources Limited ( TSE:CNQ ) may be thrilled to learn that the analysts have just...
LUN
CA$42.02
Lundin Mining
7D
15.6%
1Y
229.6%
BN
CA$61.94
Brookfield
7D
-2.3%
1Y
11.8%
PAAS
CA$87.20
Pan American Silver
7D
12.8%
1Y
176.1%
TD
CA$146.16
Toronto-Dominion Bank
7D
-1.3%
1Y
62.8%
Narrative Update • May 11

TD: Future Will Reflect Cost Controls Easing Mortgage Risks And Mixed Execution

Analysts have nudged the Toronto-Dominion Bank fair value estimate higher to about CA$141.64 from roughly CA$140.43, reflecting updated price targets that highlight cost reduction potential and generally stronger than expected recent results across several business segments. Analyst Commentary Recent research points to a mixed but generally constructive view on Toronto-Dominion Bank, with several firms adjusting price targets and ratings as they factor in cost initiatives, earnings quality and updated forecasts.
WPM
CA$194.83
Wheaton Precious Metals
7D
6.2%
1Y
82.3%
ENB
CA$75.72
Enbridge
7D
2.3%
1Y
20.7%
WSP
CA$194.00
WSP Global
7D
-14.1%
1Y
-25.8%
BBD.B
CA$267.00
Bombardier
7D
-10.0%
1Y
195.0%
Narrative Update • May 10

BBD.B: Elevated P/E Will Test Execution Against Cautious Rating Shifts

Analysts have lifted their CA$ fair value estimate for Bombardier by about CA$12 to reflect updated assumptions on revenue growth, profit margins and P/E, with several firms recently raising price targets even as one turned more cautious on the stock. Analyst Commentary Recent Street research shows a cluster of higher price targets on Bombardier, with several firms adjusting their valuations by different amounts in CA$ terms.
BMO
CA$206.00
Bank of Montreal
7D
-2.6%
1Y
43.9%
CLS
CA$510.17
Celestica
7D
-9.6%
1Y
221.6%