The Canadian Index

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Line chart showing the Government of Canada 10-year bond yield declining over four sessions in late August 2026.

Canada's 10-year yield has eased for four straight sessions since touching its highest level since April 2024 on August 21. The retreat began the same day Canada confirmed retaliatory tariffs on C$27.6 billion of US goods, overriding a July Labour Force Survey that showed the economy adding 75,000 jobs. Bond yields typically fall when investors expect weaker growth, and the market's read is that trade war risk is currently outweighing strong domestic data ahead of the Bank of Canada's September 2 decision.

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.

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Line chart comparing the Bank of Canada overnight rate against the rising Government of Canada 10-year bond yield.

The Bank of Canada's overnight rate has held at 2.25 percent through six consecutive meetings since April, but the Government of Canada…

Government of Canada 10-Year Yield Climbs 34bps While BoC Rate Stays Put

August 21, 2026

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Line chart comparing Canada's headline and core Consumer Price Index inflation rates through July 2026.

Canadian headline inflation accelerated to 3.0% in July, up from 2.8% in June and above consensus, driven mainly by energy prices as…

Canada's Inflation Print Just Complicated the Bank of Canada's September Calculus, and the Fed Isn't Making It Easier

August 20, 2026

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Line chart tracking Bank of Canada rate decisions from January 2025 to July 2026, showing a sixth consecutive hold at 2.25 percent.

The Bank of Canada held its overnight rate at 2.25% for a sixth consecutive decision, even as Canada's inflation cooled to 2.8% in June…

Canada's Inflation Cooled to 2.8%. The Bank of Canada Got More Hawkish Anyway.

July 22, 2026

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Line chart comparing Canada's headline and ex-gasoline CPI year-over-year from January through July 2026.

Canada's headline CPI rose 3.0% in July, edging above forecasts, almost entirely on a jump in gasoline prices tied to Middle East supply concerns.

Canada CPI Points to a BoC Hold as Bond Yields Climb

August 18, 2026

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Step chart showing the Bank of Canada overnight rate holding at 2.25 percent for six consecutive decisions from April 2024 through July 2026.

The Bank of Canada has held its overnight rate at 2.25% for six consecutive decisions, following nine cuts made between June 2024 and October 2025.

The BoC Meets Five Days After Warsh Speaks and Two Weeks Before the Fed Decides

August 17, 2026

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Step chart showing the Bank of Canada's overnight rate holding at 2.25 percent for a fifth consecutive decision.

The Bank of Canada has held its policy rate steady through five consecutive decisions, its longest pause since the current cutting cycle…

The Last Number Before the Bank of Canada Goes Dark

July 10, 2026

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