The Canadian Index

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Line chart of Canada's all-items CPI, year over year, from October 2025 to September 2026.

September inflation rose on gasoline while all three Bank of Canada core measures eased, to 2.4% for CPI-common, 1.9% for CPI-median and 1.8% for CPI-trim. Gasoline prices rose 27.8% from a year earlier, while CPI excluding gasoline eased to 2.2% from 2.4%. The Bank targets 2% inflation within a control range of 1% to 3%, and Governor Macklem warned on October 16 that persistent energy prices are harder to look through.

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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Bar chart of Canada's monthly net employment change from September 2025 to August 2026, with the August 2026 bar showing a decline.

Employment fell in four of the twelve months shown and averaged a gain of about 18,000 a month, so the August loss stands out within a mostly positive year.

Canada Monthly Net Employment Change, September 2025 to August 2026

October 6, 2026

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Line chart of Canadian headline CPI with CPI-trim and CPI-median core inflation, year over year, from August 2025 to August 2026.

A year earlier the relationship ran the other way, with headline inflation sitting about a point below the CPI-trim core measure.

Canada Headline CPI Against Bank of Canada Core Measures, August 2026

October 6, 2026

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Line chart of Canada's headline CPI against the CPI-trim, CPI-median and CPI-common core measures from September 2024 to August 2026.

Headline inflation has pulled away from the Bank of Canada's core measures.

Canada CPI: Headline vs. Core Measures, September 2024 to August 2026

October 16, 2026

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Line chart of the S&P/TSX Composite daily close from September 10 to October 16, 2026, with the 35,000 level in view.

Resource shares drove a week in which Canadian rate markets signalled economic slack.

S&P/TSX Composite Daily Close, September 10 to October 16, 2026

October 16, 2026

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Step chart of the Bank of Canada overnight rate target, March 2025 to September 2026, holding at 2.25% for seven decisions.

The Bank has paused because the core measures it prioritizes, which strip out volatile items such as gasoline and travel, sit close to its…

Bank of Canada Holds Its Rate for a Seventh Straight Decision

September 28, 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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