The Canadian Index

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

Line chart showing Canada's headline inflation climbing to 3.2 percent through May 2026, driven mainly by energy prices.

Canada's headline inflation climbed from 1.8 percent in February to 3.2 percent by May, a run the Bank of Canada has attributed largely to energy prices tied to the Middle East conflict. Core inflation has stayed closer to two percent, letting the Bank hold its overnight rate three times while calling the effect temporary. A fresh US sanctions snapback over the Strait of Hormuz this week tests whether that underlying conflict, and the inflation it has driven, is still temporary heading into the Bank's July 15 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.

Download Hi-Res JPEG (No Watermark)
Line chart showing Canada's year-over-year CPI inflation easing to 2.8 percent in June 2026.

June's cooler reading was driven by a temporary drop in gasoline prices tied to a ceasefire that has since collapsed, with Brent crude back…

June's Cooler Inflation Print Rested on a Ceasefire That Has Already Broken

July 24, 2026

View chart & download
Line chart comparing WTI crude oil prices to the Bank of Canada's 70 to 75 dollar forecast assumption band.

The Bank of Canada's July 15 Monetary Policy Report projected inflation returning to 2% by early 2027, built on oil settling between $70 and $75 a barrel.

The Bank of Canada's Path Back to 2% Assumed Oil at $70 to $75. It's Trading Near $84.

July 20, 2026

View chart & download
Line chart showing Bank of Canada core inflation measures CPI-trim and CPI-median through June 2026.

Canada's core inflation measures broke below the Bank of Canada's 2% target for the first time this cycle in June, with CPI-trim falling to…

Core Inflation Broke Below Target for the First Time This Cycle. Bank Stocks Were the Only Ones That Did Not Believe It.

July 20, 2026

View chart & download
Bar chart showing TSX sector and stock moves Monday, led by declines in CIBC and National Bank.

TSX financials fell more than 1% Monday, led by a 2% decline in CIBC, even as fresh inflation data gave the Bank of Canada exactly the…

Core Inflation Broke Below Target for the First Time This Cycle. Bank Stocks Were the Only Ones That Did Not Believe It.

July 20, 2026

View chart & download
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

View chart & download
Line chart showing Brent crude climbing 5.1 percent over the week to 87.84 dollars a barrel as the Iran conflict and naval blockade escalated.

Brent crude rose 5.1% over the week to $87.84 a barrel as an escalating Iran conflict pushed oil back toward its earlier highs.

The TSX and Gold Both Set Records This Week. That Should Not Happen Together.

August 15, 2026

View chart & download