number cruncher

What are we looking for?

Canadian equity funds that have outperformed in an already stellar year

The screen

The Canadian equity market has quietly but meaningfully outpaced the U.S. year-to-date through the end of November, a reversal of the pattern investors have grown used to in recent years. Strength has come from familiar places: financials and materials, two sectors that together make up a substantial portion of the S&P/TSX Composite Index and have contributed the lion’s share of market gains in 2025.

Materials – particularly gold and base-metals producers – have benefited from firm commodity prices, while the large Canadian banks and insurers have rebounded alongside improving credit conditions and stabilizing rate expectations.

In short, 2025’s rally is less ab

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