The Canadian Index

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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. It rose from 1.8% in February to 3.2% in May while CPI-trim fell from 2.3% to 2.0%. CPI-trim excludes the components with the most extreme price changes, CPI-median is the middle price change in the basket, and CPI-common tracks movements shared across categories. September CPI on Monday, nine days before the October 28 decision, is the next test.

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 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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Bar chart showing Canada's merchandise trade balance widening to a 3.9 billion dollar surplus in June 2026.

Statistics Canada reported that the country's merchandise trade surplus widened to $3.9 billion in June, the largest monthly surplus in…

Canada's Trade Surplus Widens to a Four-Year High in June

June 1, 2026

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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.

Canada All-Items CPI, October 2025 to September 2026

October 19, 2026

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Bar chart comparing Canada's July jobs gain against consensus with the US jobs loss against its forecast.

Statistics Canada reported Canadian employment rose 75,100 in July against a consensus estimate of roughly 17,800, a beat of more than four times the expected size.

Canada's July Jobs Beat Consensus by 4.2 Times While the US Missed Badly

August 7, 2026

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Bar chart ranking six assets by their same-day reaction to July jobs data, led by the Canadian dollar.

USD/CAD fell further on August 7 than any of five other assets moved in either direction, even as the five-year Government of Canada yield…

The Canadian Dollar Led a Six-Asset Reaction to the Same Jobs Data

August 7, 2026

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Line chart of Canadian total CPI with CPI-trim, CPI-median and CPI-common core measures, July 2025 to August 2026.

Three Bank of Canada core measures, trim, median and common, are shown against total CPI.

Canada CPI Against Bank of Canada Core Measures, July 2025 to August 2026

October 9, 2026

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