TSX INDEXES for Energy, Real Estate, Financial Services, Gold and the Bank of Canada Commodities in $CAD

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​In June 2018 the Canadian commodities index (CCI red plot line) hit resistance with CPI holding at 2.2%. The up-trending USD/CAD since the beginning of February 2018 has increased import costs into Canada. 

Note that the inset Thompson Reuters CRB chart in the chart above shows that global commodities measured in USD has been dropping since 2008.
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The Canadian energy sector excitement at the end of FY 2016 has been muted by a weakening CAD and now from all the trumpeting below the border about energy independence and tariff threats.

JUL 2018 Irish passed legislation that its country will fully divest from fossil fuels BusinessGreen.com
JUN 2018 Green Economy Overtaking Fossil Fuel Industry United Nations Climate Change
MAY 2018 California to be first state to mandate solar panels on new homes The Hill
APR 2018 Battery, electric & hydrogen were 37% of new car sales in March in Norway CleanTechnica
MAR 2018 Global electric car sales: JAN 2018 sales were up 94% Y/Y Seeking Alpha
FEB 2018 Electric cars cost less than half as much as gas-powered University of Michigan via Forbes
JAN 2018 Florida seniors could hold the future of driverless cars CBS-MoneyWatch
DEC 2017 Electric cars already cheaper to own and run than petrol or diesel The Guardian
OCT 2017 GM to launch two new electric vehicles within 18 months, 20 by 2023 GreenCar Reports
SEP 2017 Nissan promises new Leaf can drive ‘over 300 miles’, rivaling US peer’s Financial Times
JUN 2017 EV sales in the US have now risen for 21 consecutive months Inside EVs
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​The relentless energy sector downtrend (black plot line) since the manic high of July 2008 continues to stair step down.

The Gold sector is building a base and appears to have support above the coiling lows begun in 2013 but the strengthening USD is a weight on both energy and gold prices.
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In 2007 financial fears and energy anxieties had real estate appraisers dusting off their calculators and adding the income approach and replacement calculations back onto their comp-heavy arguments. Now a decade later, both the financial and energy sectors are showing signs of exhaustion. If they roll over, the animal spirits in the real estate market will get spooked.​​​

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​Comparative analysis becomes moot in a no-bid-thin-bid market and gives way to fundamental and financial analysis when looking at physical assets.​​​