August 2026

Scotiabank, BMO, and National Bank each posted accelerating year-over-year adjusted net income growth this week, with each report topping the one before it.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

Wednesday afternoon's hot US July PCE inflation print, which came in above forecast, reversed four sessions of falling Canadian and US bond yields within hours.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

The record close was carried almost entirely by financials and materials as bank earnings season opened strong, with Scotiabank posting a…

The TSX Hit a Record High Tuesday. Only Two Sectors Actually Showed Up.

August 26, 2026

Oil has fallen for three straight sessions despite Washington unveiling its most sweeping Iran sanctions campaign on record, because the…

Oil Fell After the Toughest Iran Sanctions Ever. The Chain That Explains Why Runs Through a Shipping Corridor, Not the Sanctions List.

August 26, 2026

Canada's 10-year yield has eased for four straight sessions since touching its highest level since April 2024 on August 21.

Bond Yields Fell Four Straight Sessions Despite Strong July Data. The Trade War Is Winning the Argument.

August 26, 2026

Ottawa unveiled the package Tuesday alongside confirmation that Canada's own retaliatory tariffs on C$27.6 billion of US goods take effect September 8.

The $7.5 Billion Tariff Package Rewrote Corporate Financing Terms. Most CCPC Clients Have Not Mapped Which Program Fits.

August 26, 2026

The VIX has held a narrow range for most of August even as Ottawa confirmed C$27.6 billion in retaliatory tariffs and Washington unveiled a sweeping new Iran sanctions campaign.

The VIX Has Not Moved in Three Weeks. That Is Not the Same as Markets Judging the Trade War Small.

August 26, 2026

The VIX slipped to 15.46 Tuesday, staying inside the 15.13-to-16.30 range it has held since August 20, even as the US Treasury confirmed…

VIX Holds Below 16.3 Even as China's Iran Exemption Ends

August 25, 2026

WTI crude closed at $85.46 Tuesday, up just 27 cents, after the US Treasury confirmed China would not be exempt from the Iran sanctions campaign unveiled a day earlier.

WTI Barely Moves After China Loses Its Iran Sanctions Exemption

August 25, 2026

The S&P/TSX Composite added 0.26% Monday even though decliners outnumbered advancers, a gap covered almost entirely by three gold miners.

Gold Miners Covered for a Negative TSX Session

August 25, 2026

WTI crude eased to $85.46 Tuesday, below the $87.06 high touched the previous Friday, even after the US Treasury announced the broadest…

Why WTI Eased After Washington's Toughest Iran Sanctions Yet

August 25, 2026

The Bank of Canada has held its overnight rate at 2.25% through six consecutive decisions since October 2025, with swap markets pricing…

Why the BoC's September 2 Hold Is the Least Interesting Rate Decision This Week

August 25, 2026

The CRA prescribed interest rate has held at 3% for six consecutive quarters, the lowest sustained level since late 2022, after a steady decline from double that level in mid-2024.

Six Quarters at 3 Percent, and the Window Is About to Close

August 25, 2026

Iran sanctions and Canada's retaliatory tariffs landed within days of each other this week, yet the VIX barely reacted, staying inside the…

Two Shocks Landed the Same Week and the VIX Shrugged

August 25, 2026

USD/CAD drifted from 1.3941 on August 12 to 1.37635 by Friday, the loonie's best stretch in three months, built on narrowing US-Canada…

The Loonie's Three-Month Rally Unwound in One Trading Day

August 24, 2026

Government of Canada 10-year yields spent two weeks climbing toward the highest level in more than two years, touching 3.77% Friday as a…

Canada's Bond Rally Toward a Two-Year High Ended in a Single Session

August 24, 2026

CAD is charted on the currency side of USD/CAD, so a positive value here means the loonie strengthened against the US dollar over the week.

WTI Led a Weekly Scorecard Split Between Two Unrelated Commodity Stories

August 22, 2026

Gold settled the week at 4,661.60 dollars, up roughly 5.1%, its third straight weekly advance, after an expanded US Treasury bond buyback…

Gold Kept Its Gain After the Treasury Buyback That Triggered It Reversed

August 22, 2026

Friday's TSX gain to 36,620.23 was narrow, led by gold miners and financials while retailers lagged, and futures pointed softer as Iran…

Watch the Loonie, Not the Index, This Week

August 24, 2026

The US Treasury unveils its toughest Iran sanctions yet today, targeting countries still purchasing Iranian oil rather than Iran directly,…

Oil Is Pulling Back Into the Toughest Iran Sanctions Yet, and That's the Signal

August 24, 2026

Canada's second-quarter GDP grew at an annualized 3.4%, well above the Bank of Canada's 2.5% forecast, while unemployment fell to 6.4% in…

Canada's Own Numbers Argue for a Hike. The Bank Will Hold Anyway.

August 24, 2026

Canada's retaliatory tariffs take effect September 8 on steel, dairy, appliances, farm equipment, pulp and paper, and electronics, with…

The September 8 Deadline Is a CCA Question Before It Is a Tariff Question

August 24, 2026

Gold's August rally began when an expanded US Treasury bond buyback pushed yields down on August 19, but the yield move fully reversed within hours the same session.

Gold's Rally Survived the Death of Its Own Trigger

August 24, 2026

The Canadian dollar strengthened to 1.3764 per US dollar Friday, an unusual decoupling from a spike in US long-bond yields that points to a…

Canadian Dollar Strengthens to 1.3764 Per USD, Decoupling From US Yields

August 21, 2026