Canada’s benchmark stock index posted a 21.7-per-cent return in 2021, a rally made all the more remarkable given it was accomplished amid the worst global pandemic in a century.
The Canadian index posted 62 new highs over the course of 2021, and surpassed the 20,000-point milestone for the first time in June.
A more than 50-per-cent rally in the price of crude oil sparked a frenzy of buying in the Canadian oil patch, making several energy stocks among the best performers of the year. Long-suffering investors in Bombardier Inc. also found reward for their patience: The stock was one of the year’s best performers in the S&P/TSX Composite Index, which the stock rejoined in September.
On the flip side, cannabis investors exited 2021 with steep losses, as hopes faded of near-term federal legalization in the United States and the speedy generation of profits that would have helped justify their lofty valuations.
Here’s a look at how every stock in the TSX Composite made out during the year. Share prices are dividend adjusted.
S&P/TSX Composite returns, 2021
| Company | Ticker | Industry Class. | 2021 Return (%) | Mkt. Cap. ($ Mil.) | 52W High | 52W Low | Dec. 31 Close ($) |
|---|---|---|---|---|---|---|---|
| Baytex Energy Corp. | BTE-T | Energy | 466.7 | 2,184 | 4.39 | 0.68 | 3.91 |
| Paramount Resources Ltd. | POU-T | Energy | 396.8 | 3,288 | 25.31 | 4.92 | 24.59 |
| Advantage Energy Ltd. | AAV-T | Energy | 333.3 | 1,321 | 8.37 | 1.69 | 7.41 |
| Birchcliff Energy Ltd. | BIR-T | Energy | 266.8 | 1,696 | 7.85 | 1.77 | 6.46 |
| Bombardier Inc. | BBD-B-T | Industrials | 250.0 | 3,939 | 2.27 | 0.46 | 1.68 |
| Enerplus Corp. | ERF-T | Energy | 241.9 | 3,363 | 13.75 | 3.94 | 13.34 |
| Peyto Exploration & Dev't Corp. | PEY-T | Energy | 228.2 | 1,575 | 11.96 | 2.90 | 9.45 |
| Tamarack Valley Energy Ltd. | TVE-T | Energy | 203.1 | 1,556 | 3.95 | 1.25 | 3.85 |
| Vermilion Energy Inc. | VET-T | Energy | 179.9 | 2,602 | 16.72 | 5.52 | 15.90 |
| Hut 8 Mining Corp. | HUT-T | IT | 184.5 | 1,641 | 20.61 | 3.37 | 9.93 |
| MEG Energy Corp. | MEG-T | Energy | 162.9 | 3,572 | 12.34 | 4.21 | 11.70 |
| Tourmaline Oil Corp. | TOU-T | Energy | 147.0 | 13,406 | 48.14 | 17.13 | 40.84 |
| Lithium Americas Corp. | LAC-T | Materials | 130.4 | 4,524 | 53.09 | 14.46 | 36.82 |
| Freehold Royalties Ltd. | FRU-T | Energy | 135.6 | 1,742 | 13.17 | 5.17 | 11.65 |
| Capstone Mining Corp. | CS-T | Materials | 134.5 | 2,265 | 6.64 | 2.37 | 5.58 |
| ATS Automation Tooling Systems Inc. | ATA-T | Industrials | 124.8 | 4,683 | 52.62 | 21.67 | 50.24 |
| Crescent Point Energy Corp. | CPG-T | Energy | 128.7 | 3,872 | 6.88 | 2.96 | 6.75 |
| Converge Technology Solutions Corp. | CTS-T | IT | 118.7 | 2,348 | 13.09 | 4.58 | 10.87 |
| TFI International Inc. | TFII-T | Industrials | 118.7 | 13,099 | 148.63 | 64.74 | 141.87 |
| ECN Capital Corp. | ECN-T | Financials | 116.1 | 1,294 | 12.24 | 4.60 | 5.34 |
| Trisura Group Ltd. | TSU-T | Financials | 114.2 | 1,947 | 49.43 | 20.46 | 47.69 |
| Secure Energy Services Inc. | SES-T | Energy | 115.3 | 1,599 | 6.58 | 2.40 | 5.26 |
| Denison Mines Corp. | DML-T | Energy | 107.1 | 1,437 | 2.64 | 0.79 | 1.74 |
| Aritzia Inc. | ATZ-T | Cons. Discretionary | 103.0 | 5,769 | 53.46 | 24.39 | 52.35 |
| Cenovus Energy Inc. | CVE-T | Energy | 101.5 | 31,314 | 16.77 | 7.12 | 15.51 |
| ARC Resources Ltd. | ARX-T | Energy | 97.1 | 7,944 | 13.34 | 5.88 | 11.50 |
| Imperial Oil Ltd. | IMO-T | Energy | 94.4 | 31,029 | 45.94 | 24.01 | 45.62 |
| goeasy Ltd. | GSY-T | Financials | 88.6 | 2,913 | 218.35 | 91.20 | 179.27 |
| Westshore Terminals Investment Corp. | WTE-T | Industrials | 83.9 | 1,714 | 28.90 | 15.21 | 26.82 |
| Canadian Natural Resources Ltd. | CNQ-T | Energy | 82.6 | 62,788 | 55.59 | 28.67 | 53.45 |
| Interfor Corp. | IFP-T | Materials | 81.5 | 2,449 | 40.66 | 21.53 | 40.51 |
| Energy Fuels Inc. | EFR-T | Energy | 78.9 | 1,508 | 14.33 | 4.51 | 9.66 |
| Shaw Communications Inc. | SJR-B-T | Comm. Services | 78.4 | 19,146 | 38.62 | 21.85 | 38.39 |
| Summit Industrial Income REIT | SMU-UN-T | Real Estate | 77.6 | 4,110 | 24.01 | 13.08 | 23.50 |
| CI Financial Corp. | CIX-T | Financials | 72.9 | 5,253 | 30.88 | 14.91 | 26.44 |
| Stelco Holdings Inc. | STLC-T | Materials | 84.6 | 3,011 | 51.09 | 19.67 | 41.22 |
| Stantec Inc. | STN-T | Industrials | 74.1 | 7,901 | 73.10 | 40.75 | 71.07 |
| Tricon Residential Inc. | TCN-T | Real Estate | 72.6 | 5,212 | 19.34 | 11.00 | 19.36 |
| Loblaw Companies Ltd. | L-T | Consumer Staples | 67.9 | 34,586 | 105.15 | 60.86 | 103.64 |
| Colliers International Group Inc. | CIGI-T | Real Estate | 66.5 | 8,308 | 190.63 | 106.70 | 188.38 |
| Boardwalk REIT | BEI-UN-T | Real Estate | 66.3 | 2,548 | 57.10 | 33.06 | 54.83 |
| Spin Master Corp. | TOY-T | Cons. Discretionary | 65.3 | 4,915 | 54.18 | 25.54 | 47.94 |
| Cameco Corp. | CCO-T | Energy | 62.2 | 11,051 | 35.47 | 15.45 | 27.58 |
| Nutrien Ltd. | NTR-T | Materials | 59.9 | 54,270 | 99.10 | 59.69 | 95.08 |
| Sprott Inc. | SII-T | Financials | 58.3 | 1,433 | 59.64 | 35.86 | 57.08 |
| Teck Resources Ltd. | TECK-B-T | Materials | 58.7 | 19,333 | 37.11 | 21.86 | 36.43 |
| George Weston Ltd. | WN-T | Consumer Staples | 57.2 | 21,745 | 150.63 | 91.95 | 146.66 |
| Whitecap Resources Inc. | WCP-T | Energy | 59.0 | 4,563 | 8.00 | 4.46 | 7.49 |
| Russel Metals Inc. | RUS-T | Industrials | 55.2 | 2,109 | 37.57 | 22.33 | 33.63 |
| NexGen Energy Ltd. | NXE-T | Energy | 57.8 | 2,581 | 8.09 | 3.25 | 5.54 |
| WSP Global Inc. | WSP-T | Industrials | 53.8 | 21,536 | 187.94 | 109.69 | 183.63 |
| Suncor Energy Inc. | SU-T | Energy | 54.0 | 45,828 | 34.35 | 21.06 | 31.65 |
| Gildan Activewear Inc. | GIL-T | Cons. Discretionary | 52.5 | 10,424 | 54.73 | 31.72 | 53.63 |
| AltaGas Ltd. | ALA-T | Utilities | 52.2 | 7,609 | 27.45 | 18.51 | 27.31 |
| Power Corporation of Canada | POW-T | Financials | 49.9 | 28,484 | 44.53 | 28.81 | 41.80 |
| West Fraser Timber Co. Ltd. | WFG-T | Materials | 49.1 | 13,002 | 124.74 | 73.30 | 120.68 |
| Ivanhoe Mines Ltd. | IVN-T | Materials | 50.4 | 12,386 | 10.59 | 6.06 | 10.32 |
| Brookfield Asset Management Inc. | BAM-A-T | Financials | 47.7 | 121,192 | 78.67 | 48.01 | 76.39 |
| Park Lawn Corp. | PLC-T | Cons. Discretionary | 50.3 | 1,390 | 42.04 | 27.15 | 41.50 |
| SmartCentres REIT | SRU-UN-T | Real Estate | 48.6 | 4,644 | 32.50 | 22.76 | 32.19 |
| Cominar REIT | CUF-UN-T | Real Estate | 48.2 | 2,131 | 11.81 | 7.83 | 11.69 |
| Thomson Reuters Corp. | TRI-T | Industrials | 47.5 | 73,694 | 156.62 | 99.11 | 151.27 |
| Fairfax Financial Holdings Ltd. | FFH-T | Financials | 47.3 | 16,536 | 636.08 | 427.49 | 622.24 |
| Bank of Montreal | BMO-T | Financials | 45.9 | 88,541 | 141.37 | 94.90 | 136.19 |
| TransAlta Corp. | TA-T | Utilities | 47.6 | 3,764 | 14.61 | 9.57 | 14.05 |
| Sleep Country Canada Holdings Inc. | ZZZ-T | Cons. Discretionary | 45.3 | 1,383 | 41.97 | 25.15 | 37.53 |
| Altus Group Ltd. | AIF-T | Real Estate | 45.8 | 3,112 | 72.33 | 47.57 | 70.97 |
| FirstService Corp. | FSV-T | Real Estate | 43.3 | 10,990 | 256.01 | 168.02 | 248.60 |
| Constellation Software Inc. | CSU-T | IT | 42.4 | 50,196 | 2,382.84 | 1,530.35 | 2,346.94 |
| BlackBerry Ltd. | BB-T | IT | 40.0 | 6,947 | 36.00 | 8.34 | 11.82 |
| SNC-Lavalin Group Inc. | SNC-T | Industrials | 42.6 | 5,460 | 38.25 | 21.11 | 30.91 |
| RioCan REIT | REI-UN-T | Real Estate | 43.3 | 7,204 | 23.22 | 16.30 | 22.94 |
| First Capital REIT | FCR-UN-T | Real Estate | 42.4 | 4,120 | 19.19 | 13.39 | 18.86 |
| Canadian Imperial Bank of Commerce | CM-T | Financials | 41.5 | 66,503 | 152.87 | 107.44 | 147.45 |
| The Descartes Systems Group Inc | DSG-T | IT | 40.5 | 8,907 | 115.29 | 68.61 | 104.62 |
| Killam Apartment REIT | KMP-UN-T | Real Estate | 42.2 | 2,586 | 23.53 | 16.85 | 23.59 |
| The Toronto-Dominion Bank | TD-T | Financials | 40.1 | 177,174 | 98.21 | 71.65 | 96.98 |
| Canaccord Genuity Group Inc. | CF-T | Financials | 38.0 | 1,441 | 16.62 | 10.88 | 15.08 |
| Granite REIT | GRT-UN-T | Real Estate | 40.2 | 6,914 | 105.79 | 71.66 | 105.40 |
| National Bank of Canada | NA-T | Financials | 39.0 | 32,755 | 106.10 | 70.81 | 96.44 |
| IGM Financial Inc. | IGM-T | Financials | 39.2 | 10,959 | 51.68 | 33.43 | 45.62 |
| The Bank of Nova Scotia | BNS-T | Financials | 38.0 | 110,958 | 91.77 | 67.43 | 89.55 |
| Canfor Corp. | CFP-T | Materials | 39.5 | 3,964 | 35.53 | 21.92 | 32.06 |
| Equitable Group Inc. | EQB-T | Financials | 37.9 | 2,355 | 84.78 | 49.94 | 68.91 |
| Topaz Energy Corp. | TPZ-T | Energy | 38.4 | 2,470 | 19.01 | 13.42 | 17.85 |
| PrairieSky Royalty Ltd. | PSK-T | Energy | 38.1 | 3,236 | 16.48 | 10.06 | 13.63 |
| Onex Corp. | ONEX-T | Financials | 36.6 | 8,662 | 100.90 | 67.57 | 99.28 |
| Celestica Inc. | CLS-T | IT | 37.3 | 1,757 | 14.87 | 8.94 | 14.10 |
| Dream Industrial REIT | DIR-UN-T | Real Estate | 37.2 | 3,976 | 17.60 | 12.61 | 17.22 |
| Pembina Pipeline Corp. | PPL-T | Energy | 36.1 | 21,084 | 43.00 | 30.08 | 38.37 |
| Crombie REIT | CRR-UN-T | Real Estate | 36.2 | 3,047 | 19.09 | 13.93 | 18.62 |
| iA Financial Corp. Inc. | IAG-T | Financials | 35.0 | 7,792 | 76.87 | 53.95 | 72.38 |
| Laurentian Bank of Canada | LB-T | Financials | 33.9 | 1,761 | 45.13 | 30.85 | 40.17 |
| Keyera Corp. | KEY-T | Energy | 34.7 | 6,268 | 35.75 | 22.41 | 28.53 |
| Labrador Iron Ore Royalty Corp. | LIF-T | Materials | 33.2 | 2,409 | 50.45 | 31.10 | 37.53 |
| Royal Bank of Canada | RY-T | Financials | 33.1 | 191,561 | 135.34 | 103.22 | 134.25 |
| Waste Connections, Inc. | WCN-T | Industrials | 33.8 | 45,167 | 177.50 | 124.05 | 172.45 |
| Home Capital Group Inc. | HCG-T | Financials | 31.5 | 1,719 | 46.92 | 29.11 | 39.07 |
| Richelieu Hardware Ltd. | RCH-T | Industrials | 33.2 | 2,425 | 46.55 | 32.49 | 43.63 |
| Bausch Health Companies Inc. | BHC-T | Health Care | 32.7 | 12,649 | 44.50 | 25.51 | 34.94 |
| First Quantum Minerals Ltd. | FM-T | Materials | 32.5 | 20,748 | 35.07 | 19.21 | 30.27 |
| BRP Inc. | DOO-T | Cons. Discretionary | 32.4 | 9,039 | 129.98 | 80.72 | 110.80 |
| Great-West Lifeco Inc. | GWO-T | Financials | 31.4 | 35,294 | 39.73 | 28.85 | 37.96 |
| Canadian Western Bank | CWB-T | Financials | 31.1 | 3,254 | 41.56 | 28.12 | 36.30 |
| Turquoise Hill Resources Ltd. | TRQ-T | Materials | 31.4 | 4,182 | 26.45 | 12.15 | 20.80 |
| Enbridge Inc. | ENB-T | Energy | 30.0 | 99,819 | 54.00 | 40.63 | 49.41 |
| Dream Office REIT | D.UN-T | Real Estate | 30.1 | 1,181 | 24.48 | 19.12 | 24.63 |
| GFL Environmental Inc. | GFL-T | Industrials | 29.1 | 16,070 | 54.01 | 35.28 | 47.83 |
| Toromont Industries Ltd. | TIH-T | Industrials | 29.9 | 9,334 | 115.23 | 84.61 | 114.36 |
| Sun Life Financial Inc. | SLF-T | Financials | 28.8 | 41,191 | 71.73 | 55.92 | 70.41 |
| InterRent REIT | IIP-UN-T | Real Estate | 29.1 | 2,401 | 18.64 | 12.96 | 17.31 |
| BCE Inc. | BCE-T | Comm. Services | 27.9 | 59,930 | 67.08 | 54.18 | 65.81 |
| Premium Brands Holdings Corp. | PBH-T | Consumer Staples | 28.1 | 5,563 | 137.75 | 99.76 | 126.44 |
| H&R REIT | HR-UN-T | Real Estate | 28.7 | 4,644 | 17.27 | 11.99 | 16.25 |
| Parex Resources Inc. | PXT-T | Energy | 26.2 | 2,610 | 26.00 | 17.28 | 21.61 |
| Brookfield Infrastructure Partners L.P. | BIP-UN-T | Utilities | 27.8 | 23,483 | 78.89 | 61.69 | 76.95 |
| Canadian Utilities Ltd. | CU-T | Utilities | 24.1 | 9,846 | 37.00 | 29.96 | 36.69 |
| Alimentation Couche-Tard Inc. | ATD-T | Consumer Staples | 22.8 | 56,797 | 53.95 | 36.90 | 53.00 |
| Canada Goose Holdings Inc. | GOOS-T | Cons. Discretionary | 23.9 | 5,001 | 67.33 | 35.80 | 46.88 |
| TELUS Corp. | T-T | Comm. Services | 23.6 | 40,551 | 30.04 | 24.93 | 29.79 |
| Shopify Inc. | SHOP-T | IT | 21.7 | 224,551 | 2,254.10 | 1,285.19 | 1,743.07 |
| Brookfield Business Partners L.P. | BBU-UN-T | Industrials | 23.4 | 8,645 | 66.46 | 45.25 | 58.28 |
| Pretium Resources Inc. | PVG-T | Materials | 22.1 | 3,362 | 18.57 | 10.40 | 17.82 |
| Emera Inc. | EMA-T | Utilities | 22.3 | 16,465 | 63.71 | 49.66 | 63.22 |
| Dollarama Inc. | DOL-T | Conss Discretionary | 22.5 | 18,822 | 64.49 | 46.56 | 63.31 |
| Exchange Income Corp. | EIF-T | Industrials | 21.6 | 1,968 | 47.77 | 35.12 | 42.14 |
| Choice Properties REIT | CHP-UN-T | Real Estate | 22.5 | 4,962 | 15.40 | 12.53 | 15.19 |
| Fortis Inc. | FTS-T | Utilities | 21.8 | 28,913 | 61.54 | 48.97 | 61.03 |
| Canadian Apartment Properties REIT | CAR-UN-T | Real Estate | 22.7 | 10,424 | 62.77 | 48.45 | 59.96 |
| ATCO Ltd. | ACO-X-T | Utilities | 22.2 | 4,846 | 46.19 | 35.70 | 42.70 |
| Allied Properties REIT | AP-UN-T | Real Estate | 20.9 | 5,615 | 46.55 | 35.40 | 43.95 |
| Metro Inc. | MRU-T | Consumer Staples | 20.5 | 16,314 | 68.34 | 52.63 | 67.32 |
| Finning International Inc. | FTT-T | Industrials | 21.1 | 5,089 | 40.22 | 26.56 | 31.88 |
| TC Energy Corp. | TRP-T | Energy | 20.3 | 57,649 | 68.20 | 51.10 | 58.83 |
| Artis REIT | AX-UN-T | Real Estate | 20.8 | 1,482 | 12.12 | 10.31 | 11.94 |
| CCL Industries Inc. | CCL-B-T | Materials | 18.8 | 12,224 | 75.19 | 57.43 | 67.83 |
| Capital Power Corp. | CPX-T | Utilities | 18.9 | 4,573 | 45.05 | 33.31 | 39.46 |
| Hydro One Ltd. | H-T | Utilities | 18.9 | 19,574 | 32.88 | 26.38 | 32.91 |
| Magna International Inc. | MG-T | Cons. Discretionary | 15.8 | 30,794 | 126.00 | 87.42 | 102.35 |
| NorthWest Healthcare Properties REIT | NWH-UN-T | Real Estate | 15.9 | 3,012 | 13.90 | 12.32 | 13.81 |
| Corus Entertainment Inc. | CJR-B-T | Comm. Services | 16.1 | 988 | 6.54 | 4.21 | 4.76 |
| Gibson Energy Inc. | GEI-T | Energy | 15.9 | 3,272 | 26.98 | 18.78 | 22.42 |
| CT REIT | CRT-UN-T | Real Estate | 15.7 | 4,019 | 18.42 | 15.11 | 17.32 |
| Primo Water Corp. | PRMW-T | Consumer Staples | 13.4 | 3,594 | 25.31 | 17.94 | 22.32 |
| Empire Company Ltd. | EMP-A-T | Consumer Staples | 12.4 | 10,249 | 42.93 | 34.49 | 38.54 |
| Canadian National Railway Company | CNR-T | Industrials | 12.9 | 109,611 | 168.66 | 125.00 | 155.38 |
| Jamieson Wellness Inc. | JWEL-T | Consumer Staples | 12.8 | 1,620 | 41.74 | 32.70 | 40.14 |
| Manulife Financial Corp. | MFC-T | Financials | 11.6 | 47,226 | 27.67 | 22.32 | 24.11 |
| Sienna Senior Living Inc. | SIA-T | Health Care | 12.6 | 1,006 | 16.85 | 12.72 | 15.03 |
| Superior Plus Corp. | SPB-T | Utilities | 12.3 | 2,287 | 16.24 | 11.97 | 13.00 |
| Linamar Corp. | LNR-T | Cons. Discretionary | 12.2 | 4,903 | 91.98 | 63.44 | 74.93 |
| Canadian Tire Corp., Ltd. | CTC-A-T | Cons. Discretionary | 11.3 | 11,598 | 213.85 | 159.44 | 181.44 |
| Intertape Polymer Group Inc. | ITP-T | Materials | 12.3 | 1,552 | 32.88 | 22.37 | 26.32 |
| CGI Inc. | GIB-A-T | IT | 10.8 | 27,255 | 116.88 | 93.88 | 111.85 |
| Intact Financial Corp. | IFC-T | Financials | 11.4 | 28,930 | 178.28 | 140.50 | 164.42 |
| Chartwell Retirement Residences | CSH-UN-T | Health Care | 11.1 | 2,753 | 13.76 | 10.45 | 11.82 |
| Mullen Group Ltd. | MTL-T | Industrials | 11.0 | 1,103 | 14.48 | 9.80 | 11.63 |
| The North West Company Inc. | NWC-T | Consumer Staples | 10.1 | 1,656 | 38.20 | 30.24 | 34.24 |
| Franco-Nevada Corp. | FNV-T | Materials | 10.6 | 33,422 | 205.25 | 133.63 | 174.94 |
| Nuvei Corp. | NVEI-T | IT | 5.41 | 12,163 | 180.00 | 54.47 | 82.00 |
| Aecon Group Inc. | ARE-T | Industrials | 7.14 | 1,025 | 22.28 | 15.95 | 16.88 |
| MTY Food Group Inc. | MTY-T | Cons. Discretionary | 9.83 | 1,528 | 72.10 | 47.15 | 63.28 |
| Open Text Corp. | OTEX-T | IT | 6.28 | 16,587 | 70.64 | 55.85 | 60.09 |
| Docebo Inc. | DCBO-T | IT | 2.56 | 2,892 | 117.55 | 47.22 | 84.87 |
| Maple Leaf Foods Inc. | MFI-T | Consumer Staples | 6.5 | 3,650 | 31.77 | 23.56 | 29.26 |
| Wesdome Gold Mines Ltd. | WDO-T | Materials | 8.38 | 1,591 | 13.52 | 7.78 | 11.51 |
| Cogeco Communications Inc. | CCA-T | Comm. Services | 5.41 | 4,690 | 123.07 | 95.71 | 100.73 |
| Rogers Communications Inc. | RCI-B-T | Comm. Services | 5.03 | 30,611 | 67.59 | 54.69 | 60.23 |
| Canadian Pacific Railway Ltd. | CP-T | Industrials | 3.91 | 84,833 | 100.00 | 82.12 | 90.98 |
| Wheaton Precious Metals Corp. | WPM-T | Materials | 3.47 | 24,570 | 59.85 | 44.09 | 54.28 |
| TMX Group Ltd. | X-T | Financials | 3.21 | 7,165 | 145.69 | 120.13 | 128.25 |
| Transcontinental Inc. | TCL-A-T | Materials | 3.26 | 1,769 | 26.45 | 18.25 | 20.31 |
| Hudbay Minerals Inc. | HBM-T | Materials | 3.05 | 2,388 | 11.62 | 6.70 | 9.16 |
| Kirkland Lake Gold Ltd. | KL-T | Materials | 2.74 | 13,960 | 58.43 | 40.07 | 53.01 |
| Osisko Mining Inc. | OSK-T | Materials | 2.97 | 1,323 | 3.97 | 2.33 | 3.81 |
| Restaurant Brands International Inc. | QSR-T | Cons. Discretionary | 2.72 | 24,361 | 90.94 | 69.28 | 76.79 |
| Kinaxis Inc. | KXS-T | IT | (1.67) | 4,955 | 229.98 | 124.05 | 177.33 |
| Element Fleet Management Corp. | EFN-T | Financials | (1.75) | 5,301 | 15.28 | 11.72 | 12.88 |
| Cascades Inc. | CAS-T | Materials | (1.37) | 1,405 | 18.48 | 12.82 | 13.97 |
| Osisko Gold Royalties Ltd | OR-T | Materials | (2.67) | 2,562 | 18.40 | 12.39 | 15.48 |
| Winpak Ltd. | WPK-T | Materials | (6.22) | 2,419 | 45.59 | 34.74 | 37.17 |
| Ero Copper Corp. | ERO-T | Materials | (5.48) | 1,719 | 29.76 | 17.09 | 19.30 |
| Air Canada | AC-T | Industrials | (7.2) | 7,629 | 31.00 | 19.31 | 21.13 |
| K92 Mining Inc. | KNT-T | Materials | (5.52) | 1,579 | 9.36 | 5.75 | 7.19 |
| Algonquin Power & Utilities Corp. | AQN-T | Utilities | (8.86) | 12,349 | 22.67 | 17.16 | 18.27 |
| Boyd Group Services Inc. | BYD-T | Industrials | (8.85) | 4,290 | 267.00 | 183.00 | 199.62 |
| Dye & Durham Ltd. | DND-T | IT | (11.0) | 3,145 | 53.13 | 35.51 | 44.88 |
| Lundin Mining Corp. | LUN-T | Materials | (9.34) | 7,256 | 16.07 | 8.56 | 9.88 |
| TransAlta Renewables Inc. | RNW-T | Utilities | (9.7) | 4,993 | 24.47 | 18.15 | 18.75 |
| CAE Inc. | CAE-T | Industrials | (9.53) | 9,998 | 42.43 | 27.72 | 31.91 |
| Ritchie Bros. Auctioneers Inc. | RBA-T | Industrials | (10.7) | 8,659 | 97.40 | 64.71 | 77.46 |
| Parkland Corp. | PKI-T | Energy | (11.0) | 5,351 | 45.10 | 32.78 | 34.77 |
| Quebecor Inc. | QBR-B-T | Comm. Services | (8.61) | 6,747 | 36.82 | 27.50 | 28.94 |
| OceanaGold Corp. | OGC-T | Materials | (10.6) | 1,542 | 2.85 | 1.74 | 2.20 |
| Stella-Jones Inc. | SJ-T | Materials | (12.1) | 2,599 | 54.09 | 38.58 | 40.01 |
| SSR Mining Inc. | SSRM-T | Materials | (11.3) | 4,739 | 27.79 | 17.29 | 22.39 |
| Alamos Gold Inc. | AGI-T | Materials | (11.4) | 3,798 | 12.63 | 8.60 | 9.73 |
| Sandstorm Gold Ltd. | SSL-T | Materials | (13.9) | 1,523 | 11.34 | 6.86 | 7.85 |
| Methanex Corp. | MX-T | Materials | (13.7) | 3,837 | 65.22 | 37.85 | 50.04 |
| NFI Group Inc. | NFI-T | Industrials | (12.9) | 1,551 | 32.74 | 18.41 | 20.26 |
| Barrick Gold Corp. | ABX-T | Materials | (13.9) | 42,685 | 31.85 | 22.30 | 24.05 |
| IAMGOLD Corp. | IMG-T | Materials | (15.6) | 1,908 | 5.04 | 2.75 | 3.94 |
| Dundee Precious Metals Inc. | DPM-T | Materials | (12.8) | 1,464 | 9.95 | 6.99 | 7.82 |
| Northland Power Inc. | NPI-T | Utilities | (14.5) | 8,566 | 51.45 | 36.07 | 37.95 |
| LifeWorks Inc. | LWRK-T | Industrials | (15.7) | 1,767 | 37.56 | 24.20 | 25.53 |
| Badger Infrastructure Solutions Ltd. | BDGI-T | Industrials | (15.1) | 1,084 | 46.58 | 28.89 | 31.79 |
| Brookfield Renewable Partners L.P. | BEP-UN-T | Utilities | (15.0) | 21,169 | 63.39 | 41.88 | 45.31 |
| Endeavour Silver Corp. | EDR-T | Materials | (16.8) | 912 | 9.32 | 4.77 | 5.35 |
| First Majestic Silver Corp. | FR-T | Materials | (17.5) | 3,611 | 30.75 | 12.74 | 14.07 |
| Saputo Inc. | SAP-T | Consumer Staples | (18.3) | 11,852 | 42.42 | 27.54 | 28.50 |
| Enghouse Systems Ltd. | ENGH-T | IT | (18.7) | 2,711 | 66.66 | 43.31 | 48.43 |
| Kinross Gold Corp. | K-T | Materials | (19.9) | 9,177 | 10.37 | 6.35 | 7.34 |
| Martinrea International Inc. | MRE-T | Cons. Discretionary | (21.3) | 924 | 16.27 | 9.59 | 11.50 |
| Cargojet Inc. | CJT-T | Industrials | (22.0) | 2,864 | 225.31 | 159.74 | 166.57 |
| Seabridge Gold Inc. | SEA-T | Materials | (22.0) | 1,636 | 29.00 | 18.95 | 20.90 |
| Agnico Eagle Mines Ltd. | AEM-T | Materials | (22.8) | 16,432 | 98.06 | 60.18 | 67.25 |
| MAG Silver Corp. | MAG-T | Materials | (23.9) | 1,929 | 31.21 | 17.88 | 19.83 |
| Yamana Gold Inc. | YRI-T | Materials | (24.8) | 5,137 | 7.85 | 4.78 | 5.32 |
| Boralex Inc. | BLX-T | Utilities | (25.3) | 3,532 | 56.70 | 32.94 | 34.68 |
| Pan American Silver Corp. | PAAS-T | Materials | (27.3) | 6,711 | 50.70 | 27.65 | 31.56 |
| B2Gold Corp. | BTO-T | Materials | (27.3) | 5,236 | 7.67 | 4.21 | 4.98 |
| Eldorado Gold Corp. | ELD-T | Materials | (29.7) | 2,180 | 18.43 | 9.52 | 11.86 |
| SilverCrest Metals Inc. | SIL-T | Materials | (29.5) | 1,451 | 16.37 | 8.30 | 10.00 |
| The Lion Electric Company | LEV-T | Industrials | (29.7) | 2,372 | 35.25 | 11.31 | 12.50 |
| Innergex Renewable Energy Inc. | INE-T | Utilities | (29.6) | 3,565 | 32.48 | 17.57 | 18.60 |
| NovaGold Resources Inc. | NG-T | Materials | (29.6) | 2,847 | 13.33 | 8.21 | 8.67 |
| New Gold Inc. | NGD-T | Materials | (32.5) | 1,321 | 3.05 | 1.29 | 1.89 |
| Torex Gold Resources Inc. | TXG-T | Materials | (31.1) | 1,125 | 20.95 | 11.79 | 13.15 |
| Centerra Gold Inc. | CG-T | Materials | (32.3) | 2,895 | 16.00 | 8.21 | 9.75 |
| Aurora Cannabis Inc. | ACB-T | Health Care | (35.4) | 1,396 | 24.10 | 6.94 | 6.85 |
| Equinox Gold Corp. | EQX-T | Materials | (35.0) | 2,538 | 14.33 | 7.53 | 8.56 |
| WELL Health Technologies Corp. | WELL-T | Health Care | (39.0) | 1,055 | 9.84 | 4.64 | 4.91 |
| Village Farms International, Inc. | VFF-T | Consumer Staples | (37.0) | 709 | 25.78 | 7.25 | 8.12 |
| Lightspeed Commerce Inc. | LSPD-T | IT | (43.1) | 7,945 | 165.87 | 49.00 | 51.08 |
| Cronos Group Inc. | CRON-T | Health Care | (43.7) | 1,908 | 20.08 | 4.86 | 4.98 |
| Silvercorp Metals Inc. | SVM-T | Materials | (44.1) | 844 | 10.93 | 4.31 | 4.73 |
| Ballard Power Systems Inc. | BLDP-T | Industrials | (46.6) | 4,801 | 53.90 | 15.03 | 15.89 |
| Fortuna Silver Mines Inc. | FVI-T | Materials | (52.8) | 1,452 | 12.61 | 3.77 | 4.94 |
| Canopy Growth Corp. | WEED-T | Health Care | (64.8) | 4,484 | 71.60 | 11.04 | 11.04 |
| TELUS International (Cda) Inc. | TIXT-T | IT | n/a | 11,271 | 51.03 | 34.42 | 41.84 |
| Tilray, Inc. | TLRY-T | Health Care | n/a | 4,418 | 29.46 | 8.91 | 8.90 |
| Source: S&P Global Market Intelligence |
David Milstead
Darcy Keith