ClearBridge Canadian Stock Strategy 2026 Q2 Review

ClearBridge Canada ' s equity strategy was strong in the second quarter of 2026, with the S&P/TSX aggregate total return index increasing by 7.0 per cent, the eighth consecutive quarter. The geopolitical uncertainties, particularly the Iranian war and the risks in the Strait of Hormuz, continue to affect the energy market. At the same time, AI-related capital spending, energy infrastructure and the broader “Building Canada” initiative have underpinned strong performance in some cyclical, industrial, financial and infrastructure areas. Although the Canadian economy has temporarily entered a technological recession, with real GDP shrunk in the fourth quarter of 2025 and in the first quarter largely flat, the areas of AI infrastructure, defence and robotics have attracted strong investor interest. Overall, ClearBridge ' s Canadian equity strategy performed well in absolute return in the second quarter, although relative performance lagged behind the benchmark。