In evaluating the performance of your Canadian equity mutual fund,the most appropriate comparison would be its performance relative to the

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The TSX index, also known as the S&P/TSX Composite Index, is considered the benchmark index for Canadian equity performance as it tracks the performance of the Canadian stock market. Comparing your Canadian equity mutual fund's performance to the TSX index allows you to assess how well your fund is performing in relation to the broader Canadian equity market. Comparing it to other indices such as the S&P 500 or Dow Jones, which track primarily US stocks, would not be as relevant for evaluating a Canadian equity mutual fund. The cost of living (CPI) index is also not a relevant comparison as it measures changes in the price of goods and services and does not relate to investment performance.

In Evaluating the Performance of Your Canadian Equity Mutual Fund,the