Canadian financials now make up 37% of the TSX composite, the largest share in eight years and up from 31% in March, as capital has rotated out of sectors most exposed to the Strait of Hormuz war. Since the conflict began in late February, financial stocks have gained 22% while materials stocks, which include most gold miners, have fallen 25% despite a partial rebound this past week. The Big Six banks now trade at roughly 15 times forward earnings, the widest premium over their US peers since 2010.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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