These stocks are driving TSX returns

or 7.1 per cent including dividends, during the three months ended with Wednesday’s close. As is customary with a market capitalization-weighted index, it is the largest stocks that are determining TSX returns. For instance, a 1 per cent move in Royal Bank has a 10 times larger effect on benchmark performance than TFI International Inc.

a 2-per-cent total return . Canadian Pacific Kansas City rose 12.7 per cent and added 87 upside points. Suncor Energy rose 16.3 per cent which improved three-month benchmark returns by 66 points and Manulife’s 16.5-per-cent return added 59.9 points. Waste Connections rounds out the top five most positive drivers of market returns, providing 55.9 points.

Two communications giants, Rogers Communications and Telus Corp. dropped 13.4 per cent and 8.1 per cent, respectively, removing a total of 41.1 points. Alimentation Couche-Tard is the fifth biggest detractor, falling 4.5 per cent and weakening returns by 18.0 points. returns came from Celestica , Iamgold , Precision Drilling , Torex Gold Resources and Equinox Gold Corp. .

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