The Globe and Mail Investing
The all-cap S&P/TSX Composite Index is up 22 per cent year-to-date to Oct. 31.
Canadian equities have enjoyed robust returns in 2025 in spite of the turmoil created by tariffs, actual or threatened. The all-cap S&P/TSX Composite Index is up 22 per cent year-to-date to Oct. 31. This, however, is well below the 32-per-cent return from the TSX Completion Index, which measures the return of those stocks from the composite that are not part of the big cap TSX 60 index. The TSX Small Cap Index return of 37 per cent is even better and all are blown away by the TSX Venture Index return of 60 per cent over the same time period.
Does this recent surge in small cap returns mean that the sector is back in favour after a decade of poor relative performance, or is it just statistical noise? To answe
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