This page lists large Canadian stocks by sector with their five-year total return (dividends reinvested), dividend yield and market value, and what drives the sectors. Figures are from Toronto Stock Exchange data (TMX Money) as of September 25, 2026; the five-year returns cover September 24, 2021 to September 25, 2026. Returns depend heavily on the start and end dates chosen and change every day, so treat them as a snapshot. Past leaders are not a guide to future ones, as the last section explains. Every other guide in this section is listed in the Canadian stocks hub.
Large TSX Stocks by Sector: Five-Year Results
Financials
| Stock | Ticker | 5-year total return | Dividend yield | Market value |
|---|---|---|---|---|
| Royal Bank of Canada | RY | 167% | 2.5% | $396 billion |
| Toronto-Dominion Bank | TD | 154% | 2.7% | $281 billion |
| Bank of Montreal | BMO | 135% | 2.8% | $170 billion |
| Brookfield Asset Management | BAM | n/a (listed December 2022) | 4.5% | $103 billion |
| Manulife Financial | MFC | 221% | 3.2% | $103 billion |
Energy
The producers here are compared in more depth, with their costs and risks, in our guide to Canadian oil stocks.
| Stock | Ticker | 5-year total return | Dividend yield | Market value |
|---|---|---|---|---|
| Canadian Natural Resources | CNQ | 286% | 3.7% | $139 billion |
| Suncor Energy | SU | 366% | 2.5% | $114 billion |
| Enbridge | ENB | 79% | 5.8% | $147 billion |
| TC Energy | TRP | 74% | 4.2% | $87 billion |
| Cenovus Energy | CVE | 308% | 2.0% | $81 billion |
Technology
Canadian and US companies building artificial intelligence products are covered in our list of AI stocks.
| Stock | Ticker | 5-year total return | Dividend yield | Market value |
|---|---|---|---|---|
| Shopify | SHOP | 10% | No dividend | $243 billion |
| Constellation Software | CSU | 33% | 0.2% | $61 billion |
| CGI | GIB.A | -17% | 0.7% | $18 billion |
| Descartes Systems | DSG | 2% | No dividend | $10 billion |
| Kinaxis | KXS | -9% | No dividend | $5 billion |
Mining & Materials
| Stock | Ticker | 5-year total return | Dividend yield | Market value |
|---|---|---|---|---|
| Agnico Eagle Mines | AEM | 378% | 0.9% | $139 billion |
| Barrick Mining (formerly Barrick Gold) | ABX | 198% | 1.6% | $100 billion |
| Nutrien | NTR | 47% | 2.9% | $49 billion |
| Franco-Nevada | FNV | 129% | 0.7% | $70 billion |
| Teck Resources | TECK.B | 213% | 0.5% | $45 billion |
Utilities & Pipelines
| Stock | Ticker | 5-year total return | Dividend yield | Market value |
|---|---|---|---|---|
| Fortis | FTS | 59% | 3.4% | $39 billion |
| Emera | EMA | 49% | 4.3% | $21 billion |
| Algonquin Power & Utilities | AQN | -51% | 5.1% | $5 billion |
| Hydro One | H | 91% | 2.8% | $31 billion |
| Canadian Utilities | CU | 85% | 3.6% | $10 billion |
How the sectors and the index compare
These leaders come from an index that is concentrated in financials, energy and materials; the sector weights are on our S&P/TSX Composite Index page. Over the last few years the TSX has kept pace with, and at times beaten, the S&P 500 in Canadian dollars, while over longer windows the US index has generally led. The period-by-period figures for both indexes are on our historical stock market returns page.
What Drives Canadian Stock Performance
| Factor | Typical impact on TSX |
|---|---|
| Oil prices | Energy stocks rise/fall with crude oil |
| Interest rates | Higher rates tend to help bank lending margins and weigh on utilities |
| Gold prices | Mining stocks move with gold spot price |
| US dollar / CAD | Weak CAD boosts exporters; strong CAD hurts |
| Housing market | Banks and REITs sensitive to housing health |
| Commodity cycles | Energy and materials are a large share of the index (16% and 18% of XIC) |
Building a Canadian Stock Portfolio
| Approach | Description | Best For |
|---|---|---|
| TSX index ETF (XIC, ZCN) | Own the whole index in one fund | Simple, diversified |
| Dividend portfolio | A group of dividend stocks across sectors (often 10 to 15) | Income-focused investors |
| Core + satellite | Mostly an index ETF, with a smaller share in individual stocks (for example 80/20) | Blend of passive and active |
| Sector ETFs | Target sectors you believe will outperform | Sector conviction bets |
Why past performance does not predict future returns
The TSX stocks that topped the charts over the last 5 years are not necessarily the best bets for the next 5 years. Several factors explain why:
- Reversion to the mean: Sectors that lead in one period often lag in the next as valuations normalize. Canadian energy stocks, for example, gained 84% in 2021 and 53% in 2022, then 4% in 2023 (iShares XEG, NAV returns)
- Survivorship bias: Lists of “best performers” exclude stocks that declined significantly or were delisted, creating the illusion that stock-picking is easier than it is
- Timing dependency: A stock’s 5-year return depends heavily on the start and end date; the same stock can appear in best-performer or worst-performer lists depending on the measurement window
What the data says: 98.82% of actively managed Canadian equity funds underperformed the S&P/TSX Composite Index over the 10 years to December 31, 2025 (S&P Dow Jones Indices, SPIVA Canada Year-End 2025).
Practical implication: A low-cost broad Canadian equity ETF (VCN, XIC, ZCN) holds the large TSX stocks, including the ones that turn out to be big winners, without anyone having to predict them in advance.
Related Resources
Sources
The figures and rules on this page come from these sources, last checked against them between September 25, 2026 and October 13, 2026. How we check facts.
- BlackRock iShares: iShares Core S&P/TSX Capped Composite Index ETF | XIC
- BlackRock iShares: iShares S&P/TSX Capped Energy Index ETF | XEG
- Internet Archive: Wayback Machine
- TMX Money: TMX Money | TSX Today | Canadian Stock Market