The S&P/TSX Total Return Index expanded by 3.4% in May, the S&P 500 grew a meager 0.7% and the MSCI ACWI ex. USA increased by 3.2%. At May’s end, the 12-month S&P/TSX Total Return Index was 33.8% behind the S&P500 gain of 40.3% and lower than the MSCI ACWI ex. USA which rose by 43.4%.
In May, the NQICAT increased by 1.9% while it climbed by 34.2% on an annualized basis.
The best TSX sector for the month of May was Energy up 10%, followed by Materials up 8%, and Consumer Staples up 4.4%. At the opposite, the worst performing sectors were Health Care down 3.4%, Consumer Discretionary down 1.1% and Info Tech down 1%.
The best performers in May were Kirkland Lake Gold up 13.6%, Power Corporation of Canada up 9.9% and TransForce up 7.8%.
On the other hand, the weakest contributors were Stella-Jones down 9.9%, Dollarama down 8.3% and Winpak down 5.7%.