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Canadian (TSX) Market Analysis & Valuation

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies2189
  • 7D-1.6%
  • 3M7.3%
  • 1Y29.8%
  • YTD10.4%

Over the last 7 days, the market has dropped 1.6%, driven by a decline of 9.3% in the Materials sector. As for the longer term, the market has actually risen by 30% in the last year. 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
Fri, 12 Jun 2026CA$5.4tCA$2.2tCA$243.8b15.8x22.1x2.4x
Sun, 10 May 2026CA$5.4tCA$2.2tCA$244.2b16.4x22x2.4x
Tue, 07 Apr 2026CA$5.2tCA$2.2tCA$241.3b16.1x21.6x2.4x
Thu, 05 Mar 2026CA$5.3tCA$2.1tCA$238.8b17.3x22.2x2.5x
Sat, 31 Jan 2026CA$5.2tCA$2.1tCA$224.3b16.8x23.1x2.4x
Mon, 29 Dec 2025CA$5.0tCA$2.1tCA$224.3b16.5x22.1x2.3x
Wed, 26 Nov 2025CA$4.8tCA$2.1tCA$224.6b16.1x21.3x2.2x
Fri, 24 Oct 2025CA$4.7tCA$2.2tCA$210.2b16.7x22.2x2.2x
Sun, 21 Sep 2025CA$4.7tCA$2.1tCA$208.7b16.4x22.3x2.2x
Tue, 19 Aug 2025CA$4.4tCA$2.1tCA$201.6b15.7x21.7x2x
Thu, 17 Jul 2025CA$4.3tCA$2.1tCA$191.8b15.9x22.5x2x
Sat, 14 Jun 2025CA$4.3tCA$2.1tCA$191.5b15.4x22.4x2x
Mon, 12 May 2025CA$4.1tCA$2.1tCA$180.0b14.7x22.6x1.9x
Wed, 09 Apr 2025CA$3.7tCA$2.1tCA$173.9b13.7x21x1.7x
Fri, 07 Mar 2025CA$3.9tCA$2.1tCA$173.2b14.8x22.8x1.8x
Sun, 02 Feb 2025CA$3.9tCA$2.1tCA$170.8b14.6x23.1x1.8x
Tue, 31 Dec 2024CA$3.9tCA$2.1tCA$169.1b14x22.9x1.8x
Thu, 28 Nov 2024CA$4.0tCA$2.1tCA$166.3b14.8x23.8x1.9x
Sat, 26 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.3x23.3x1.8x
Mon, 23 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.2x22.7x1.8x
Wed, 21 Aug 2024CA$3.7tCA$2.1tCA$169.9b14.6x21.8x1.8x
Fri, 19 Jul 2024CA$3.7tCA$2.1tCA$167.6b14x21.9x1.8x
Sun, 16 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.8x1.7x
Tue, 14 May 2024CA$3.6tCA$2.0tCA$167.9b14.1x21.5x1.8x
Thu, 11 Apr 2024CA$3.6tCA$2.1tCA$174.4b13.9x20.6x1.8x
Sat, 09 Mar 2024CA$3.5tCA$2.1tCA$173.0b14x20.1x1.7x
Mon, 05 Feb 2024CA$3.4tCA$2.1tCA$170.5b13x19.9x1.6x
Wed, 03 Jan 2024CA$3.4tCA$2.1tCA$173.0b13x19.5x1.6x
Fri, 01 Dec 2023CA$3.2tCA$2.1tCA$176.5b12.3x18.3x1.6x
Sun, 29 Oct 2023CA$3.1tCA$2.1tCA$184.9b11.3x16.6x1.5x
Tue, 26 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.7x17.5x1.5x
Thu, 24 Aug 2023CA$3.2tCA$2.1tCA$185.2b11.4x17.4x1.5x
Sat, 22 Jul 2023CA$3.3tCA$2.1tCA$200.2b11.7x16.5x1.6x
Mon, 19 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.3x16.1x1.5x
Price to Earnings Ratio

16.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$200.2bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 21.1x202420252026
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 21.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 6.8% 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-1.56%
Consumer Staples4.06%
Consumer Discretionary2.67%
Financials2.20%
Real Estate1.70%
Telecom1.10%
Utilities0.60%
Healthcare-1.43%
Industrials-2.27%
Tech-2.82%
Energy-3.36%
Materials-9.27%
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 22.5%, which is higher than its past year's earnings growth of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 5.4% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.4% 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
RY Royal Bank of CanadaCA$277.932.6%
+CA$9.7b		58.6%PB3xFinancials
TD Toronto-Dominion BankCA$162.222.7%
+CA$6.9b		68.4%PB2.2xFinancials
DOL DollaramaCA$195.7611.3%
+CA$5.4b		0.9%PE40.5xConsumer Discretionary
CM Canadian Imperial Bank of CommerceCA$156.062.9%
+CA$4.1b		67.9%PB2.2xFinancials
L Loblaw CompaniesCA$66.685.4%
+CA$4.0b		19.3%PE29.3xConsumer Staples
See more

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Latest News

RY
CA$277.93
Royal Bank of Canada
7D
2.6%
1Y
58.6%
SU
CA$86.34
Suncor Energy
7D
-5.1%
1Y
62.4%
FNV
CA$290.17
Franco-Nevada
7D
-11.6%
1Y
27.2%
DOL
CA$195.76
Dollarama
7D
11.3%
1Y
0.9%
CCO
CA$138.04
Cameco
7D
-12.9%
1Y
53.4%
CSU
CA$3,058.09
Constellation Software
7D
5.4%
1Y
-37.9%
L
CA$66.68
Loblaw Companies
7D
5.4%
1Y
19.3%
Narrative Update • Jun 11

L: Capital Returns And Execution Discipline Will Support Steady Forward Return Profile

Analysts have trimmed their fair value estimate for Loblaw Companies, with the implied price target easing by about CA$1 to align with Scotiabank's recent CA$6 reduction and slightly more cautious assumptions on discount rate, revenue growth, and future P/E. What's in the News The board declared a quarterly dividend of CA$0.155183 per common share, payable on July 1, 2026 to shareholders of record on June 15, 2026.
K
CA$34.67
Kinross Gold
7D
-12.8%
1Y
63.8%
CNQ
CA$63.52
Canadian Natural Resources
7D
-4.1%
1Y
40.9%
WPM
CA$157.14
Wheaton Precious Metals
7D
-12.0%
1Y
27.8%
ABX
CA$54.55
Barrick Mining
7D
-8.2%
1Y
91.5%
Narrative Update • Jun 09

ABX: Buybacks And Portfolio Shift Will Support Future Rerating Potential

Analysts have increased their fair value estimate for Barrick Mining from CA$95.63 to CA$96.49, citing updated assumptions for revenue growth, discount rate, profit margin, and future P/E, as reflected in recent Street research. Analyst Commentary Recent Street research on peer companies such as Abacus Global highlights how bullish analysts tend to respond when they see strong execution or a valuation that still looks appealing after a period of gains.
ATD
CA$84.35
Alimentation Couche-Tard
7D
4.4%
1Y
14.5%
MFC
CA$55.47
Manulife Financial
7D
3.7%
1Y
26.8%
TD
CA$162.22
Toronto-Dominion Bank
7D
2.7%
1Y
68.4%
CLS
CA$538.25
Celestica
7D
-8.9%
1Y
202.5%
Narrative Update • Jun 06

CLS: AI Data Center Demand And 2026 Outlook Will Drive Upside Potential

Analysts have raised their price target for Celestica to CA$648.86 from CA$577.12. This change reflects updated assumptions around revenue growth, profit margins and future P/E multiples that collectively indicate a higher estimated fair value for the stock.
CM
CA$156.06
Canadian Imperial Bank of Commerce
7D
2.9%
1Y
67.9%