The Canadian Index

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September 2026

Line chart showing Canada's 10-year government bond yield climbing to a two-year high after new retaliatory tariffs took effect.

The Government of Canada 10-year yield closed at a two-year high Tuesday, and the move traces to the day's retaliatory tariff order rather…

Canada's Bond Market Shrugged Off a War for Months. A Tariff Order Just Broke It.

September 8, 2026

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Line chart of average annual hours worked per Canadian worker from 1870 to 2023, showing a steady long-term decline.

Labour Day traces back to a failed 1872 strike by Toronto printers demanding a nine-hour workday; the walkout did not succeed, but the…

How Canada Decided Its Workers Deserved a Day

September 7, 2026

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Bar chart comparing premarket percentage moves in WTI crude, Dow futures, gold, and the Canadian dollar ahead of Tuesday's open.

WTI crude climbed for a sixth straight session as Dow futures pointed 0.78% lower and the S&P 500 was set to open down 0.28%, a split between an oil-driven story and a separate U.S.

Dow Futures Fall 0.78% as Oil Climbs Toward $94, and Canadian Energy Is the Beneficiary

September 8, 2026

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Line chart of WTI crude oil prices surging after a tanker attack in the Strait of Hormuz, August to September 2026.

WTI crude has surged since Iran's attack on the Saudi-flagged tanker Sidr in the Strait of Hormuz, which killed two crew members and cut…

The Hormuz Attack That Killed Two Sailors Is Now a Canadian Currency Story

September 8, 2026

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Step chart of the Bank of Canada's overnight rate from September 2024 to September 2026, showing seven consecutive holds at 2.25 percent.

The Bank of Canada held its overnight rate for a seventh straight decision on September 2, the longest stretch without a move since the current cutting cycle began.

The Bank of Canada Has Held for Seven Straight Decisions, and Inflation Just Made the Eighth Harder

September 8, 2026

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Bar chart of the TSX Composite's daily percentage swings from August 10 to September 4, 2026, showing an unusually volatile six-session stretch.

The TSX has broken its own recent volatility average in five of the last six sessions, a stretch triggered by Washington's tariffs on…

Why This Week Feels Worse Than the TSX Actually Performed

September 8, 2026

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Chart comparing same-day moves across six markets, showing a risk-off tilt across equities, currencies and bonds.

Two jobs reports landed minutes apart on the same Friday morning and pointed in opposite directions, with Canada shedding jobs while US hiring beat forecasts by a wide margin.

Six Markets Diverge in the Same Session as Canada and US Jobs Data Split

September 4, 2026

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Line chart showing the Government of Canada 10-year bond yield easing slightly on Friday morning.

The Government of Canada 10-year yield eased from 3.798 percent, its level right after the Bank of Canada's September 2 decision, as bond…

Government of Canada 10-Year Yield Eases to 3.775% After August Jobs Miss

September 4, 2026

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Line chart showing gold prices swinging sharply lower then higher over two weeks in late August.

A blowout US payrolls report showing 162,000 new jobs, far above the roughly 58,000 consensus estimate, reversed a rate-cut narrative built…

US Employers Added 162,000 Jobs in August, Blowing Past Estimates and Undercutting the Week's Gold Rally

September 4, 2026

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Line chart showing Brent crude oil prices climbing sharply over three weeks amid Middle East supply disruption.

Strikes intercepted near Kuwait have widened the conflict zone along a waterway that normally carries about one-fifth of global oil…

Oil Is Up 7% Since Mid-August as Kuwait Enters the Blast Radius, and the Tail Risk Is Becoming the Base Case

September 4, 2026

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Line chart showing Canada's unemployment rate holding at 6.4 percent even as August job losses mounted.

Canada shed 41,700 jobs in August against expectations for a gain of roughly 15,000, one of the sharpest misses of the year and a reversal…

Canada Lost 41,700 Jobs in August, Two Days After the Bank of Canada Signalled It Might Hike

September 4, 2026

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Step chart showing the CRA's prescribed interest rate holding steady at three percent for a sixth consecutive quarter.

The rate that applies when a prescribed rate loan is first set up stays locked in for the life of that loan, regardless of any later change…

The Prescribed Rate Holds at 3% for a Sixth Straight Quarter, and the Window to Lock It In Is Now

September 4, 2026

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Line chart showing the S&P/TSX Composite closing higher after a volatile week driven by war-related headlines.

Kahneman and Tversky's loss aversion research helps explain the sequence: losses recorded during a decline carry roughly twice the…

Why the TSX's Two-Day Rebound Is the Most Dangerous Data Point on the Chart

September 4, 2026

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Bar chart comparing same day moves across TSX sectors, gold, materials, technology and energy after a dovish Fed signal.

West Texas Intermediate traded near $91.74 a barrel Thursday, up modestly on the week as the U.S.-Iran conflict entered a second wave of…

Gold and Tech Led Thursday's TSX Rally While Energy Sat Out the Oil Rally

September 3, 2026

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Line chart showing the Government of Canada 10-year bond yield holding near a two-year high in early September.

Federal Reserve Governor Christopher Waller said Thursday he would be inclined to support holding U.S.

Canada's 10-Year Bond Yield Barely Moved on the Fed's Dovish Signal

September 3, 2026

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Line chart showing the S&P/TSX Composite Index closing higher after a three day losing streak.

The S&P/TSX Composite snapped a three-session losing streak that had erased more than 900 points since its August 25 record close, as…

The TSX Snapped a Three-Day Slide the Same Day the Bank of Canada Held

September 3, 2026

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Chart showing Trans Mountain pipeline reaching full capacity as Asian buyers increase demand for Canadian crude oil.

Asian buyers, led by China, are turning to Canadian crude as the Iran war disrupts Gulf supply through the Strait of Hormuz, with China…

The Iran War Is Rerouting Asian Oil Demand to Canada, But the Pipe Is Already Full

September 3, 2026

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Line chart showing Canadian inflation nearing the Bank of Canada's policy rate as the rate-inflation gap narrows.

The Bank of Canada held its overnight rate at 2.25% on September 2, the seventh consecutive decision at that level since an October 29,…

The Bank of Canada Has Held Seven Times, and Its Inflation Cushion Is Nearly Gone

September 3, 2026

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Bar chart showing 17.5 billion dollars in federal tariff response programs, with about 5 percent of funding deployed so far.

Canada's counter-tariffs on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics take effect September 8, matching U.S.

Federal Tariff Response Programs Reach $17.5 Billion in Commitments

September 3, 2026

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Line chart comparing gold prices falling and Brent crude oil rising during the widening Iran conflict.

Gold fell for a sixth straight session through September 2, even as the United States carried out a second wave of strikes on Iranian…

Gold's War Premium Is Cracking as the Conflict Widens

September 3, 2026

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Bar chart comparing same-day percentage moves in TSX materials, gold, silver, oil and the Canadian dollar.

The Bank of Canada held its policy rate at 2.25% Wednesday while warning that upside inflation risk has increased, yet the two-year…

TSX Materials, Gold and Silver Lead a Broad Same-Day Rally Across Six Assets

September 2, 2026

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Line chart showing WTI crude edging up 0.6% to $90.76 after a second wave of strikes near Iran.

WTI crude settled at $90.76 Wednesday, up 0.60%, after a second wave of U.S.

WTI Crude Adds 0.60% as a Second Wave of Strikes Near Iran Barely Moves the Barrel

September 2, 2026

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Line chart showing the TSX composite falling 0.9% as energy stocks rallied and financials retreated.

The TSX composite closed at 35,950.37 Tuesday, down 0.9%, as rising global bond yields pressured financials and gold miners.

TSX Composite Falls 0.9% as Energy Rallies and Financials Retreat

September 2, 2026

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