July 2026

Oil has retraced roughly half of its rally from a pre-escalation low to last week's peak, a retreat driven by genuine diplomatic progress rather than fading headlines.

Oil Erases Half Its War Premium as Real Diplomacy Takes Hold

July 28, 2026

Canadian stocks and oil moved in opposite directions Monday, with the broad index gaining even as crude posted its steepest single-session drop since February.

The TSX Gained 0.56% Monday While Oil Fell 8.7%. That Divergence Is the Trade.

July 28, 2026

A claimed strike on Saudi Arabia's East-West Pipeline, the route built specifically to move crude around the Strait of Hormuz, landed the…

The Pipeline Built to Bypass Hormuz Risk Just Became a Target

July 28, 2026

Markets still see a meaningful chance of a US interest rate hike this week, even though oil, a key driver of the recent inflation scare,…

Fed Hike Odds Have Barely Moved Even as Oil Fell 12%. Here Is Why That Gap Matters.

July 28, 2026

Two Canadian borrowing rates are moving on different timelines this summer.

Two Canadian Rate Curves Are Telling Two Different Stories, and Mixing Them Up Will Cost Your Clients

July 28, 2026

Oil and gold moved together again on Tuesday, ending a brief decoupling in which gold had risen even as oil fell 8.7% the day before.

Oil and Gold Fell Together Today. The Disposition Effect Explains Why Clients Are Still Holding Both.

July 28, 2026

US equity futures pointed broadly higher Monday, with S&P 500, Nasdaq, and Dow futures all gaining, as risk appetite improved on the same…

Cross-Asset Moves Diverge as Energy Lags Monday's Broader Rally

July 27, 2026

The Strait of Hormuz normally carries about 20.9 million barrels a day, more than double the roughly 8.6 million moving through the Bab…

World Oil Chokepoints: Hormuz vs. Bab el-Mandeb

July 27, 2026

Odds of a Wednesday Federal Reserve rate hike had climbed toward one in three by late last week, up from roughly 18% on July 2, as…

Canada's Core Inflation Falls to a Five-Year Low

July 27, 2026

The Canada Revenue Agency's prescribed rate has now held at 3% for five consecutive quarters, running through September 30, 2026, keeping…

CRA Prescribed Rate Holds at 3% for a Fifth Straight Quarter

July 27, 2026

Yemen's Houthi rebels claimed the first direct strike on Saudi oil infrastructure in four years over the weekend, briefly sending Brent…

WTI Crude Oil at Key Sessions Through the Five-Month War

July 27, 2026

The TSX opened about 0.2% higher near 35,471 Monday, led by technology and consumer discretionary shares rather than the energy sector that has driven most of this year's gains.

Same-Day Cross-Asset Moves: Oil Leads Monday Selloff

July 27, 2026

WTI fell more than eight per cent Monday, its sharpest single session drop since the Strait of Hormuz disruption began in late February,…

Oil's Worst Session Since February Breaks Its Link to Gold

July 27, 2026

Oil, the Canadian dollar, and the TSX diverged over the week ending July 24, even as crude posted its strongest weekly gain since the war began in February.

Cross-Asset Weekly Moves: Oil Rallies, Loonie Falls Anyway

July 25, 2026

Oil touched a six-week high of $92.19 on Thursday after Houthi forces struck Saudi tankers, then eased on reports of Pakistan-brokered mediation between the parties.

Oil Pulls Back to $89.31 After Six-Week High on Mediation Reports

July 25, 2026

Canadian gold miners and financial stocks were the day's strongest movers, even though oil, the commodity that had driven Thursday's rally,…

Oil Gave Back the Entire Brent-$100 Spike Today. The Bond Market Did Not Follow.

July 24, 2026

The drop came even as a third oil chokepoint disruption opened overnight in Kazakhstan, on reports that Pakistan and China are working to…

Oil Gave Back the Entire Brent-$100 Spike Today. The Bond Market Did Not Follow.

July 24, 2026

The reversal came a day after oil past $100 a barrel lifted energy stocks but weighed on yield-sensitive banks, with Royal Bank, TD and BMO…

Record High, Then a Bank-Led Reversal: Inside Thursday's TSX Split

July 24, 2026

The move followed Houthi strikes on two Saudi oil tankers in the Red Sea, opening a shipping corridor disruption separate from the ongoing Strait of Hormuz standoff.

The Houthis Just Opened a Second Chokepoint. Markets Are Not Pricing It Yet.

July 24, 2026

June's cooler reading was driven by a temporary drop in gasoline prices tied to a ceasefire that has since collapsed, with Brent crude back…

June's Cooler Inflation Print Rested on a Ceasefire That Has Already Broken

July 24, 2026

The new 50 percent tariffs take effect August 19, targeting wine, whisky, cement and a dozen other categories while leaving energy, potash, fish and critical minerals untouched.

The 30-Day Clock on CCPCs Caught in the New Tariffs

July 24, 2026

Gold's drop came even as Brent crude crossed $100 a barrel for the first time since May, after Houthi forces struck two Saudi oil tankers in the Red Sea.

Record High, Sharp Reversal: A Lesson in Loss Aversion

July 24, 2026

Gold fell $97.20 to $4,054.70 an ounce Thursday even as confirmed strikes on Saudi oil tankers pushed WTI crude to $92.23 a barrel, a break…

This Morning's Tail Risk Just Struck a Saudi Tanker, and Gold Refused to Play Along

July 23, 2026

Yemen's Houthi militants claimed missile and drone strikes on two Saudi oil tankers in the Red Sea, a scenario flagged only hours earlier…

This Morning's Tail Risk Just Struck a Saudi Tanker, and Gold Refused to Play Along

July 23, 2026