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Canadian Stocks Surge 30%: Energy Leadership Needed for 2026

12/6/2025

25 6 Full Breakdown

Summary

Story summary

Canadian stocks are on track for their best year since 2009, with S&P/TSX Composite up 30.4% in 2025.
Gold stocks and the Big Six banks drive the rally, though both sectors look stretched.
The energy sector could regain investor interest due to changing attitudes and a new oil pipeline.
Energy funds posted a net outflow of $542 million this year.
Analysts say the rally requires energy leadership in 2026.

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Story summary

Canadian stocks are on track for their best year since 2009, with S&P/TSX Composite up 30.4% in 2025.
Gold stocks and the Big Six banks drive the rally, though both sectors look stretched.
The energy sector could regain investor interest due to changing attitudes and a new oil pipeline.
Energy funds posted a net outflow of $542 million this year.
Analysts say the rally requires energy leadership in 2026.