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The Morningstar Canada Large-Mid Cap Index fell 0.1% in February. The large-mid index tracks the performance of the top 90% of the Canadian investable universe by market cap, and each month we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
• Northland Power NPI
• TMX Group X
• Great-West Lifeco GWO
• RB Global RBA
Worst-Performing Stocks of February 2025
• TFI International TFII
• NexGen Energy NXE
• Air Canada AC
• HudBay Minerals HBM
• Celestica CLS
Best-Performing Canadian Stocks
Source: Morningstar Direct. Data as of Feb. 28, 2025.
Metrics for the Best-Performing Stocks
Finning International FTT
• Sector: Industrials
• Industry: Industrial Distribution
• Economic Moat: Not Rated
Finning International advanced 18.4% in February, lifting shares 23.3% over the past year. The company’s stock has a quantitative Morningstar Rating of 5 stars.
Northland Power NPI
• Sector: Utilities
• Industry: Utilities – Renewable
• Economic Moat: None
Northland Power rose 17.4%, but was still down 8.5% for the year. Shares are 20.1% below their last high on June 12, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 21% discount to its fair value estimate of C$25.00.
TMX Group X
• Sector: Financial Services
• Industry: Financial Data & Stock Exchanges
• Economic Moat: Not Rated
TMX Group advanced 14.7%, having risen 47.0% from one year ago. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Great-West Lifeco GWO
• Sector: Financial Services
• Industry: Insurance – Life
• Economic Moat: None
Great-West Lifeco climbed 14.4%, having risen 33.4% from one year ago. The company’s stock has a Morningstar Rating of 2 stars and is trading at a 21% premium to its fair value estimate of C$44.50.
RB Global RBA
• Sector: Industrials
• Industry: Specialty Business Services
• Economic Moat: Narrow
RB Global surged 14.2%, leaving the stock up 46.4% for the year. The company’s stock has a Morningstar Rating of 1 star and is trading at a 78% premium to its fair value estimate of C$83.00.
Worst-Performing Canadian Stocks
Source: Morningstar Direct. Data as of Feb. 28, 2025.
Metrics for the Worst-Performing Stocks
TFI International TFII
• Sector: Industrials
• Industry: Trucking
• Economic Moat: Not Rated
TFI International tumbled 31.5% in February, having fallen 33.8% from one year ago. Shares are 40.6% below their last high on April 10, 2024. The company’s stock has a quantitative Morningstar Rating of 5 stars.
NexGen Energy NXE
• Sector: Energy
• Industry: Uranium
• Economic Moat: Not Rated
NexGen Energy slid 19.6% and declined 20.3% over the past year. Shares are 39.0% below their last high on Nov. 22, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Air Canada AC
• Sector: Industrials
• Industry: Airlines
• Economic Moat: None
Air Canada slid 14.6% and declined 7.6% over the past year. Shares are 36.0% below their last high on Dec. 10, 2024. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 3% discount to its fair value estimate of C$17.20.
HudBay Minerals HBM
• Sector: Basic Materials
• Industry: Copper
• Economic Moat: Not Rated
HudBay Minerals slid 14.3%, shares were still up 28.8% for the year. Shares are 28.3% below their last high on May 21, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Celestica CLS
• Sector: Technology
• Industry: Electronic Components
• Economic Moat: Not Rated
Celestica fell 13.9%, but was still up 167.8% from one year ago. Shares are 25.2% below their last high on Feb. 5, 2025. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.
