10 best performing stocks in the S&P/TSX Composite index

It has been a troubled year for Canadian stocks, with only 87 stocks of the 250 in the index in the green

Ruth Saldanha 2 January, 2019 | 6:00PM

The S&P/TSX Composite Index fell over 10% in 2018, almost 13% on a price return basis. Fewer than 15 stocks in the S&P/TSX 60 closed the year in the green. Of the total of 250 stocks in the Composite index, less than 90 were in the green.

2019 is unlikely to be much better, as some portfolio managers expect challenges to continue.

“We’re underweight Canada because of some of the short-term challenges that you alluded to. Some of them have to do with trade, some of them have to do with the dislocation in the energy sector right now and shrinking manufacturing base. So, we just don’t see the growth in Canada that we see in other areas”, says Ian Riach, senior vice president and portfolio manager of multi-asset solutions at Franklin Templeton Investments.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cameco Corp10.36 CAD7.36
Canada Goose Holdings Inc28.60 CAD0.70
Canopy Growth Corp20.24 CAD-0.69
Great Canadian Gaming Corp24.09 CAD-1.99
Kirkland Lake Gold Ltd42.20 CAD-5.34
MEG Energy Corp1.43 CAD17.21
OceanaGold Corp1.29 CAD-11.03
Shopify Inc A605.86 CAD2.69
SSR Mining Inc11.59 USD-5.92

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca