The Canadian Index

All content, including the full-resolution download, is provided at no charge.

Homepage Archive Legal
Step chart of Bank of Canada and US Federal Reserve policy rates, January 2025 to September 2026, showing the two paths diverging.

Both central banks cut through 2025 before separating in September, when the Federal Reserve raised its target range on concerns that energy-driven inflation was broadening. The Bank of Canada kept holding because it reads its inflation pressure as concentrated in gasoline, with core measures near target and tariffs slowing growth. The split matters because a wider rate gap tends to weaken the Canadian dollar and push Canadian bond yields higher.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

Download Hi-Res JPEG (No Watermark)

Related charts

Line chart of the Government of Canada 10-year bond yield from September 8 to 24, 2026, returning to its September high.

The yield climbed back after the Federal Reserve raised rates and the Bank of Canada did not, leaving the gap between the two policy rates…

Canada 10-Year Bond Yield Returns to Its September High

September 25, 2026

View chart & download
Line chart comparing the Bank of Canada and Federal Reserve policy rate paths through 2026.

The Bank of Canada has held its policy rate at 2.25 percent through seven consecutive decisions this year, with its next scheduled announcement not due until October 28.

The Bank of Canada Has Not Moved All Year. The Fed Just Did.

September 18, 2026

View chart & download
Bar chart of percentage moves in crude oil, gold, silver, TSX sectors and the Canadian dollar on September 23, 2026.

Brent crude jumped on September 23, 2026, yet the Canadian dollar weakened for a third session as rising US rate expectations outweighed oil.

Brent Jumps While the Canadian Dollar and TSX Fall in the September 23 Session

September 23, 2026

View chart & download
Line chart of S&P/TSX Composite daily closes from August 20 to September 23, 2026, ending with a sharp drop.

The S&P/TSX Composite fell on September 23, 2026, even as crude oil rallied, because losses in gold miners outweighed modest gains in energy stocks.

TSX Composite Falls Despite an Oil Rally as Gold Stocks Slide

September 23, 2026

View chart & download
Line chart comparing Bank of Canada and US Federal Reserve policy rates at each decision from January 2025 to September 2026.

The US Federal Reserve raised its policy rate on September 16, 2026, its first increase in three years, citing persistent energy and consumer price pressure.

Why the Fed Just Broke Rank With the Bank of Canada

September 22, 2026

View chart & download
Line chart showing the Government of Canada five-year bond yield climbing through August and September.

Canadian headline inflation held at 3.0 percent year over year in August, matching July, but the underlying number worsened: inflation…

The Bond Market Already Moved Before the Bank of Canada Has To

September 21, 2026

View chart & download
Legal Archive Homepage

Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

Charts may be downloaded and shared freely for professional or educational use, including in client presentations, reports, and publications, with no attribution or permission request required. Charts may not be altered, edited, or cropped: each is a specific, time-stamped dataset, and an altered copy no longer accurately represents that record.

© 2026 The Canadian Index. A public reference library of Canadian financial market charts, updated daily from public market data. See the Legal and Usage Terms page for full disclaimers.