Bloomberg
Canadian Stocks Beating US for a Second Year as Banks Surge
Tuesday, June 30, 2026
Canada's S&P/TSX Composite Index is on pace to deliver higher returns than the S&P 500 for a second consecutive year, which would mark its first back-to-back outperformance period in 15 years. Canadian bank stocks have been a primary driver of the index's performance. The TSX Composite gained 8.7% in 2023 and was up approximately 20% through early December 2024, compared to the S&P 500's 2023 gain of 24.2% and 2024 performance of approximately 26% through the same period.