The Canadian Index

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August 2026

Bar chart showing the TSX's biggest movers Friday, led by falling gold miners and TELUS's dividend cut.

The S&P/TSX Composite fell 0.79 percent Friday as a drop in gold dragged materials stocks lower and TELUS slid on its dividend cut, even…

The TSX Closed Friday on Falling Gold. It Reopens on Rising Gold.

August 4, 2026

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Chart showing vessel traffic through the Strait of Hormuz only partially recovering in mid-2026.

Vessel traffic through the Strait of Hormuz remains well below its pre-conflict pace even after a partial recovery, a gap that matters…

The Cancelled Iran Strike Reopens a Gasoline-Price Risk for the Bank of Canada

August 4, 2026

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Bar chart showing Canada's monthly real GDP growth from July 2025 through the June 2026 advance estimate.

Canadian economic growth has come in well ahead of the Bank of Canada's own forecast heading into its September 2 rate decision.

Canada's Economy Is Outrunning the Bank of Canada's Own Forecast

August 4, 2026

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Bar chart showing TELUS's quarterly dividend per share falling 55 percent for the October 2026 payment.

TELUS ended twenty consecutive quarterly dividend increases dating back to 2021 with this reset, closing out its dividend growth program entirely.

TELUS's Dividend Cut Ends a Five-Year Run of Increases

August 4, 2026

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Line chart showing WTI crude oil swinging repeatedly on Iran headlines from July 6 to August 4, 2026.

Crude oil has reversed sharply four separate times since July 8, each move triggered by a single headline about US-Iran negotiations rather than any change in physical oil supply.

Why Oil Keeps Pricing In an Iran Deal That Has Not Happened

August 4, 2026

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Chart comparing Friday's one-day price moves across five assets, showing gold, silver, and the TSX falling as WTI rose.

Five widely tracked assets moved in different directions on July 31.

Gold, silver, and the TSX fall as WTI rises in Friday's cross-asset divergence

August 1, 2026

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Line chart of WTI crude oil's daily closes from mid-June to July 31, rising to $85.47 after Hormuz tanker strikes.

WTI crude closed at $85.47 Friday, up 2.3% on the day, capping a volatile seven-week stretch.

WTI crude closes at $85.47 after tanker strikes near the Strait of Hormuz

August 1, 2026

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