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Market conditions
Market — 2026-11-12
| Region | State | Breadth (%) | Volatility |
|---|
| CA | Uptrend | 49% | Normal |
| US | Uptrend | —not measured | High |
Drivers
| Driver | Label | Measured with |
|---|
| credit | Improving | ZJK.TO / ZAG.TO |
| gold | Falling | CGL.TO |
| inflation | Worsening | XRB.TO / ZFL.TO |
| oil | Rising | HUC.TO |
| rates | Rising | cdn_10y |
| usd_cad | Rising | DLR.TO |
| yield_curve | Normal | cdn_10y minus cdn_2y |
Sectors
| Sector | Region | Label | Representative | 1m return (%) |
|---|
| AI & semiconductors | CA | Lagging | XCHP.TO | -14.14% |
| Communication | CA | Improving | RING.TO | +8.18% |
| Consumer discretionary | CA | Leading | XCD.TO | +6.48% |
| Consumer staples | CA | Leading | XST.TO | +7.28% |
| Energy | CA | Lagging | XEG.TO | -7.66% |
| Energy | US | Lagging | QCLN.TO | -8.73% |
| Financials | CA | Leading | ZEB.TO | +5.39% |
| Financials | US | Improving | ZUB.TO | +5.16% |
| Gold & miners | CA | Lagging | GLDX.TO | -2.29% |
| Health care | CA | Leading | HHL.TO | +9.09% |
| Industrials | CA | Lagging | CIF.TO | -4.16% |
| Industrials | US | Leading | PAVE.TO | +0.99% |
| Materials | CA | Lagging | XMA.TO | -3.52% |
| Real estate | CA | Improving | XRE.TO | +1.54% |
| Technology | CA | Lagging | TEC.TO | -8.33% |
| Technology | US | Lagging | CIBR.TO | -10.77% |
| Utilities | CA | Leading | XUT.TO | +7.45% |