Consumer Discretionary Index ($TTCD) 3M Daily

The TSX Consumer Discretionary Index ($TTCD) is showing a short-term rebound, but the 3-month picture is still mixed.

• $TTCD: about -7.4% over 3 months, despite a strong +2.1% daily gain on Sept. 25.
• ATZ.TO: weakest performer at roughly -24.8%. The large decline has been the main drag among the names shown.
• CTC.A.TO: about -3.7%, relatively resilient versus the sector.
• DOL.TO: about -4.4%, modest decline after earlier strength.
• LNR.TO: about -3.2%, holding up comparatively well.
• MG.TO: roughly -0.7%, strongest relative performer in the group shown.
• QSR.TO: about -2.5%, also relatively defensive.

Main Reasons

The sector weakness likely reflects:

1. Consumer spending concerns — discretionary businesses are more sensitive to slowing household demand.
2. Higher borrowing costs / rate uncertainty — pressures auto, retail and other rate-sensitive spending.
3. Tariff and trade uncertainty — particularly relevant for auto-related names such as Magna and Linamar.
4. Company-specific weakness — especially Aritzia, which has significantly underperformed the rest of the group.
5. Recent rebound — the upward move at the far right suggests some buying after the sector became heavily sold down.

Bottom line: the chart shows an early rebound, not yet a confirmed 3-month uptrend. Most names remain below their late-June levels, with ATZ the clear laggard.