S&P/TSX Composite
^GSPTSECanadaHeadline benchmark index for the Canadian equity market, tracking ~70% of market capitalization on the TSX.
As of Oct 29, 2026, S&P/TSX Composite (^GSPTSE) closed at 36,249.00 pts, representing a -1.92% drawdown from its all-time high of 36,957.60 pts recorded on Aug 25, 2026 (65 days ago). Returning to all-time high requires a +2.0% gain.
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Drawdowns of Top Holdings
Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, S&P/TSX Composite experienced an average intra-year drawdown of -11.8% lasting an average of 106 days peak-to-trough, with its deepest drawdown reaching -37.4% in 2020.
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -12.79%Correction | Jan 30, 2025 25,808.20 | Apr 8, 2025 22,506.90 | 68 days | +28.25% |
| 2024 | -5.32%Pullback | Jul 31, 2024 23,110.80 | Aug 7, 2024 21,880.90 | 7 days | +17.99% |
| 2023 | -9.77%Pullback | Jan 31, 2023 20,767.40 | Oct 27, 2023 18,737.40 | 269 days | +8.12% |
| 2022 | -17.57%Correction | Mar 29, 2022 22,087.20 | Oct 12, 2022 18,206.30 | 197 days | -8.66% |
| 2021 | -5.99%Pullback | Nov 12, 2021 21,768.50 | Dec 1, 2021 20,464.60 | 19 days | +21.74% |
| 2020 | -37.43%Bear Market | Feb 20, 2020 17,944.10 | Mar 23, 2020 11,228.50 | 32 days | +2.17% |
| 2019 | -3.94%Minor Dip | Apr 23, 2019 16,669.40 | Aug 15, 2019 16,012.50 | 114 days | +19.13% |
| 2018 | -16.82%Correction | Jul 12, 2018 16,567.40 | Dec 24, 2018 13,780.20 | 165 days | -11.64% |
| 2017 | -6.10%Pullback | Feb 21, 2017 15,922.40 | Aug 21, 2017 14,951.90 | 181 days | +6.03% |
| 2016 | -2.77%Minor Dip | Oct 24, 2016 14,923.00 | Nov 4, 2016 14,509.20 | 11 days | +2.44% |
S&P/TSX Composite Historical Maximum Drawdown & Bear Market History
Historical Maximum Drawdowns & Major Crashes
Canada's headline S&P/TSX Composite Index has historically tracked global financial and resource supercycles. During the 2000–2002 post-Nortel tech unwind, the index fell -49.5%. In the 2008–2009 Global Financial Crisis and commodity collapse, the TSX plunged -49.8% from 15,073 down to 7,566. During the March 2020 twin shock of the COVID-19 pandemic and negative crude oil prices, the index dropped -37.4% from 17,944 down to 11,228 in 31 calendar days, followed by a -16.8% correction in 2022.
Typical Pullback Frequency
With heavy sector weightings in major Canadian banks, energy producers, gold and uranium miners, and rail infrastructure, the S&P/TSX Composite often acts as an inflation-resilient counterbalance to tech-heavy U.S. indexes. Typical annual pullbacks range between -5% and -9%, while corrections exceeding -15% align with oil or precious metal cyclical downturns.
Historical Recovery Timelines
The 2008 crisis required 6.2 years (2,272 days) for the price index to establish a new high in June 2014. More recent recoveries have been considerably faster: the March 2020 crash fully recovered in 354 days (under 12 months), and the 2022 rate-hike correction broke out to new all-time highs within 23 months.