On Thursday, the S&P 500 was up 1.4% and Toronto was up 1.3%.
WSP Global; was up 2.8%and BHP Billiton was up 2.2%.
Linamar was up 3.5%.
Thursday marked the end of the first quarter. The S&P 500 was down 1.2% in the quarter while Toronto was down 5.2%.
The index of the largest 60 stocks in Toronto now appears to be attractively priced with, I believe, a lower P/E than we have seen in some years.
The ishares ETF XIC shows the trailing P/E at 14.6 and the price to book ratio at 1.8 and the yield at 2.8%. This all seems quite attractive. If I had a large cash position or was looking for added exposure to Canadian stocks I would likely buy this ETF at this time. This index is heavily weighted to the large Canadian banks and also with a large weighting in energy.
Our Canadian ETF article lists a good selection of sector ETFs as well. Click the links there to get an updated P/E ratio.