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Canadian (TSX) Market Analysis & Valuation

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies2209
  • 7D0.06%
  • 3M7.6%
  • 1Y17.7%
  • YTD18.2%

The Consumer Staples sector gained 3.2% while the market remained flat over the last week. As for the longer term, the market has risen 18% in the past 12 months. Looking forward, 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
Thu, 06 Nov 2025CA$4.6tCA$2.1tCA$215.6b16.3x21.4x2.2x
Sat, 04 Oct 2025CA$4.7tCA$2.2tCA$209.3b16.7x22.5x2.2x
Mon, 01 Sep 2025CA$4.5tCA$2.1tCA$207.8b16x21.7x2.1x
Wed, 30 Jul 2025CA$4.4tCA$2.1tCA$191.4b16.4x22.8x2x
Fri, 27 Jun 2025CA$4.2tCA$2.1tCA$190.9b15.6x22.1x2x
Sun, 25 May 2025CA$4.1tCA$2.1tCA$193.6b14.7x21.4x2x
Tue, 22 Apr 2025CA$3.9tCA$2.1tCA$173.0b14.7x22.4x1.8x
Thu, 20 Mar 2025CA$3.9tCA$2.1tCA$172.6b15.1x22.8x1.8x
Sat, 15 Feb 2025CA$4.1tCA$2.1tCA$168.6b15x24.1x1.9x
Mon, 13 Jan 2025CA$3.9tCA$2.1tCA$171.3b14.5x22.5x1.8x
Wed, 11 Dec 2024CA$4.0tCA$2.1tCA$169.2b14.6x23.6x1.9x
Fri, 08 Nov 2024CA$3.9tCA$2.1tCA$168.5b14.9x23.2x1.8x
Sun, 06 Oct 2024CA$3.8tCA$2.1tCA$167.4b15.4x23x1.8x
Tue, 03 Sep 2024CA$3.7tCA$2.1tCA$167.6b15.4x22.3x1.8x
Thu, 01 Aug 2024CA$3.7tCA$2.1tCA$167.8b14.2x22.1x1.8x
Sat, 29 Jun 2024CA$3.5tCA$2.1tCA$166.5b14.2x21.2x1.7x
Mon, 27 May 2024CA$3.6tCA$2.0tCA$166.4b14.2x21.8x1.8x
Wed, 24 Apr 2024CA$3.5tCA$2.0tCA$174.5b13.9x20.3x1.7x
Fri, 22 Mar 2024CA$3.5tCA$2.0tCA$173.9b13.6x20.2x1.7x
Sun, 18 Feb 2024CA$3.4tCA$2.1tCA$177.4b13.5x19.2x1.6x
Tue, 16 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.6x1.6x
Thu, 14 Dec 2023CA$3.2tCA$2.1tCA$172.3b12.3x18.8x1.6x
Sat, 11 Nov 2023CA$3.2tCA$2.1tCA$177.6b11.9x17.8x1.5x
Mon, 09 Oct 2023CA$3.1tCA$2.1tCA$185.2b11.2x16.9x1.5x
Wed, 06 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.4x17.8x1.6x
Fri, 04 Aug 2023CA$3.3tCA$2.1tCA$182.3b12x17.9x1.6x
Sun, 02 Jul 2023CA$3.2tCA$2.1tCA$200.0b11x16.2x1.5x
Tue, 30 May 2023CA$3.2tCA$2.1tCA$200.3b11.1x16.1x1.5x
Thu, 27 Apr 2023CA$3.3tCA$2.1tCA$216.4b10.6x15.3x1.6x
Sat, 25 Mar 2023CA$3.1tCA$2.1tCA$214.7b10.5x14.6x1.5x
Mon, 20 Feb 2023CA$3.4tCA$2.1tCA$236.6b11x14.2x1.6x
Wed, 18 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.7x1.6x
Fri, 16 Dec 2022CA$3.2tCA$2.1tCA$244.2b10.5x13.2x1.6x
Sun, 13 Nov 2022CA$3.3tCA$2.0tCA$241.1b10.4x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.3tTotal Earnings: CA$241.1bTotal Revenue: CA$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.6x202320242025
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 19.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.7% 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 Market0.063%
Consumer Staples3.25%
Tech1.82%
Financials0.78%
Consumer Discretionary0.21%
Utilities0.10%
Energy-0.64%
Industrials-0.94%
Materials-0.95%
Real Estate-1.29%
Healthcare-1.84%
Telecom-2.21%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (22.4%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Telecom industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
L Loblaw CompaniesCA$57.735.5%
+CA$3.6b		25.7%PE27.8xConsumer Staples
SU Suncor EnergyCA$58.174.3%
+CA$2.9b		6.4%PE12.5xEnergy
CLS CelesticaCA$497.195.3%
+CA$2.9b		340.3%PE56.6xTech
MFC Manulife FinancialCA$47.023.6%
+CA$2.7b		7.9%PE14.6xFinancials
ABX Barrick MiningCA$46.253.5%
+CA$2.6b		79.8%PE20.2xMaterials
See more

Market Insights

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Richard Bowman
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The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
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CCO
CA$134.45
Cameco
7D
-9.6%
1Y
88.0%
SU
CA$58.17
Suncor Energy
7D
4.3%
1Y
6.4%
K
CA$33.98
Kinross Gold
7D
5.4%
1Y
146.9%
BMO
CA$173.21
Bank of Montreal
7D
-1.4%
1Y
33.4%
IVN
CA$12.91
Ivanhoe Mines
7D
-11.5%
1Y
-30.9%
TRI
CA$203.53
Thomson Reuters
7D
-4.5%
1Y
-12.2%
RCI.B
CA$52.51
Rogers Communications
7D
-5.3%
1Y
3.0%

RCI.B: Margin Improvements And Major League Sports Will Affect Earnings Outlook

Analysts have raised their price targets for Rogers Communications, reflecting an increase from approximately C$59 to as high as C$62. They cite improved margin forecasts, lower costs, and sustained growth expectations.
CP
CA$99.30
Canadian Pacific Kansas City
7D
-2.6%
1Y
-9.3%
CNR
CA$135.50
Canadian National Railway
7D
4.3%
1Y
-13.4%

Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results

Nov 03
Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results
MFC
CA$47.02
Manulife Financial
7D
3.6%
1Y
7.9%
CLS
CA$497.19
Celestica
7D
5.3%
1Y
340.3%
IMO
CA$125.64
Imperial Oil
7D
-2.5%
1Y
24.4%
FM
CA$28.53
First Quantum Minerals
7D
-6.5%
1Y
52.1%
ABX
CA$46.25
Barrick Mining
7D
3.5%
1Y
79.8%

Major Gold Discovery And Leadership Transition Will Drive Future Opportunity

Barrick Mining's analyst price target has been raised from $48.36 to $51.84. This change reflects analysts' increased confidence in the company's improved revenue growth projections and higher expected profit margins.
CSU
CA$3,570.98
Constellation Software
7D
3.4%
1Y
-17.8%
L
CA$57.73
Loblaw Companies
7D
5.5%
1Y
25.7%