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Canadian (TSX) Market Analysis & Valuation

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies2223
  • 7D1.6%
  • 3M9.4%
  • 1Y21.8%
  • YTD16.8%

Over the last 7 days, the market has risen 1.6%, driven by gains of 6.6% in the Materials sector. As for the past 12 months, the market is up 22%. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Sep 2025CA$4.6tCA$2.1tCA$208.5b16.3x22x2.1x
Mon, 11 Aug 2025CA$4.3tCA$2.1tCA$201.9b15.7x21.5x2x
Wed, 09 Jul 2025CA$4.3tCA$2.1tCA$191.6b16.1x22.4x2x
Fri, 06 Jun 2025CA$4.2tCA$2.1tCA$191.8b15.5x21.9x2x
Sun, 04 May 2025CA$4.0tCA$2.1tCA$175.8b14.8x22.7x1.9x
Tue, 01 Apr 2025CA$3.9tCA$2.1tCA$174.0b15.2x22.7x1.9x
Thu, 27 Feb 2025CA$4.0tCA$2.1tCA$169.9b14.9x23.5x1.9x
Sat, 25 Jan 2025CA$4.0tCA$2.1tCA$171.2b15x23.1x1.9x
Mon, 23 Dec 2024CA$3.8tCA$2.1tCA$169.2b13.8x22.7x1.8x
Wed, 20 Nov 2024CA$3.9tCA$2.1tCA$167.4b14.6x23.3x1.8x
Fri, 18 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.7x23.3x1.9x
Sun, 15 Sep 2024CA$3.8tCA$2.1tCA$167.4b15.1x22.5x1.8x
Tue, 13 Aug 2024CA$3.6tCA$2.1tCA$170.3b14.4x21x1.7x
Thu, 11 Jul 2024CA$3.5tCA$2.0tCA$166.6b13.9x21.3x1.7x
Sat, 08 Jun 2024CA$3.6tCA$2.1tCA$166.9b14.3x21.5x1.8x
Mon, 06 May 2024CA$3.5tCA$2.0tCA$172.9b14x20.4x1.7x
Wed, 03 Apr 2024CA$3.5tCA$2.0tCA$173.3b13.9x20.5x1.7x
Fri, 01 Mar 2024CA$3.4tCA$2.1tCA$172.2b13.9x19.8x1.7x
Sun, 28 Jan 2024CA$3.4tCA$2.1tCA$173.9b12.8x19.6x1.6x
Tue, 26 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Thu, 23 Nov 2023CA$3.2tCA$2.1tCA$179.5b11.7x18.1x1.6x
Sat, 21 Oct 2023CA$3.1tCA$2.1tCA$185.3b11.4x16.8x1.5x
Mon, 18 Sep 2023CA$3.3tCA$2.1tCA$184.5b11.9x18.1x1.6x
Wed, 16 Aug 2023CA$3.2tCA$2.1tCA$185.5b11.3x17.4x1.5x
Fri, 14 Jul 2023CA$3.3tCA$2.1tCA$199.8b11.4x16.3x1.5x
Sun, 11 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.2x16.1x1.5x
Tue, 09 May 2023CA$3.3tCA$2.1tCA$209.9b11.2x15.8x1.6x
Thu, 06 Apr 2023CA$3.3tCA$2.1tCA$217.6b10.6x15.1x1.6x
Sat, 04 Mar 2023CA$3.4tCA$2.1tCA$222.4b11x15.2x1.6x
Mon, 30 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.9x1.6x
Wed, 28 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Fri, 25 Nov 2022CA$3.3tCA$2.0tCA$238.9b10.6x14x1.6x
Sun, 23 Oct 2022CA$3.2tCA$2.1tCA$240.7b9.7x13.3x1.5x
Tue, 20 Sep 2022CA$3.3tCA$2.1tCA$239.8b10.3x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.3tTotal Earnings: CA$239.8bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.2x202320242025
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 22.0x which is higher than its 3-year average PE of 19.2x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 4.6% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market1.61%
Materials6.62%
Consumer Discretionary2.12%
Energy1.76%
Real Estate1.37%
Financials1.10%
Tech-0.10%
Utilities-0.33%
Consumer Staples-0.66%
Healthcare-0.94%
Telecom-0.99%
Industrials-1.06%
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 19.4%, which is lower than the prior year's growth of 30.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.0% 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
TD Toronto-Dominion BankCA$106.323.1%
+CA$5.4b		25.8%PB1.5xFinancials
TECK.B Teck ResourcesCA$57.9921.9%
+CA$5.1b		-7.9%PE136.3xMaterials
FFH Fairfax Financial HoldingsCA$2.44k2.7%
+CA$4.9b		47.3%PE9.3xFinancials
BN BrookfieldCA$95.083.3%
+CA$4.6b		43.0%PE155.7xFinancials
CLS CelesticaCA$340.1511.1%
+CA$3.9b		450.0%PE52.5xTech
See more

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SU
CA$57.75
Suncor Energy
7D
4.2%
1Y
16.6%
BN
CA$93.80
Brookfield
7D
1.8%
1Y
39.9%
MDA
CA$30.80
MDA Space
7D
-30.0%
1Y
86.8%

MDA Space Ltd.'s (TSE:MDA) 29% Cheaper Price Remains In Tune With Earnings

Sep 12
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CSU
CA$4,392.79
Constellation Software
7D
-4.5%
1Y
2.5%
TECK.B
CA$57.99
Teck Resources
7D
21.9%
1Y
-7.9%

Rising Copper Production And ESG Focus Will Create Opportunities

The consensus analyst price target for Teck Resources has increased to CA$59.61, primarily reflecting optimism over its transformative merger with Anglo American and improved copper exposure, despite some concerns about operational issues, integration risks, and valuation. Analyst Commentary The merger of equals between Teck Resources and Anglo American is viewed as transformative, creating the world’s fifth-largest copper producer and potentially catalyzing further consolidation across the global mining sector.
LUG
CA$88.14
Lundin Gold
7D
-6.0%
1Y
199.5%

Record Gold And Ecuador Mining Will Yield Mixed Outcomes

Lundin Gold's analyst price target has been modestly raised to CA$70.17, reflecting higher gold price assumptions, improved operational performance, and confidence in long-term project execution, partly tempered by cost inflation and a market rotation toward larger miners. Analyst Commentary Bullish analysts highlight higher gold price assumptions, which improve Lundin Gold's revenue outlook and justify price target increases.
TD
CA$106.32
Toronto-Dominion Bank
7D
3.1%
1Y
25.8%
CP
CA$103.98
Canadian Pacific Kansas City
7D
-2.1%
1Y
-11.4%
FFH
CA$2,440.84
Fairfax Financial Holdings
7D
2.7%
1Y
47.3%
ATD
CA$73.64
Alimentation Couche-Tard
7D
-3.4%
1Y
-1.8%
IMO
CA$125.99
Imperial Oil
7D
4.2%
1Y
40.0%

Kearl, Cold Lake And Strathcona Will Drive Future Operational Gains

Imperial Oil's fair value metrics, including consensus price target and future P/E ratio, remained essentially unchanged this period, with only marginal increases leading to a slight upward revision in the price target to CA$106.88. What's in the News Imperial Oil reported Q2 gross oil-equivalent production of 427,000 barrels per day, up from 404,000 barrels a year ago; net oil-equivalent production rose to 382,000 barrels per day from 340,000 barrels per day.
T
CA$22.10
TELUS
7D
-3.8%
1Y
-4.0%
BAM
CA$78.35
Brookfield Asset Management
7D
-2.9%
1Y
28.6%
CNR
CA$129.39
Canadian National Railway
7D
-3.3%
1Y
-19.9%
MFC
CA$44.14
Manulife Financial
7D
3.9%
1Y
15.7%
ENB
CA$67.98
Enbridge
7D
1.7%
1Y
22.8%