The Canadian Index

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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 more than four years, as total exports rose to a record $77.5 billion. A 16.5% jump in metal and mineral exports, driven by a surge in gold shipments, offset a 10% drop in energy exports as oil prices eased. The data lands ahead of the Bank of Canada's September 2 rate decision, adding a stronger trade picture to what the Bank weighs after holding its rate at 2.25% since July.

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 Bank of Canada and US Federal Reserve policy rates monthly from January to September 2026.

The Bank of Canada held its policy rate on September 2, 2026, its seventh consecutive hold this year, citing strong second-quarter growth alongside rising inflation risk.

The Bank of Canada Has Held Seven Times This Year. The Fed Just Broke Its Own Pattern.

September 23, 2026

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Line chart showing Canada's annual inflation rate climbing to 3.2 percent in May 2026.

Headline inflation climbed to 3.2% in May, its fastest pace since December 2023, pushing the Bank of Canada to raise its 2026 inflation…

The Bank of Canada Raised Its Inflation Forecast and Cut Its Growth Forecast in the Same Report. Macklem Called It the Best News All Year.

July 17, 2026

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Line chart showing WTI crude oil jumping 16.4 percent since its July 6 low after the Hormuz blockade resumed.

WTI reversed three weeks of decline in just two trading sessions after the US reinstated its naval blockade of Iranian ports on July 13.

Two Central Banks Report to the Public This Morning, and They Are Reading the Same Oil Shock Differently

July 15, 2026

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Line chart showing the TSX Composite retreating over 24 sessions as bond yields resumed climbing.

The TSX Composite gave back most of Thursday's post-Fed rebound by Friday, closing at 35,677.84 as bond yields resumed climbing.

TSX Gives Back Post-Fed Rally as Bond Yields Resume Climbing

September 18, 2026

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Bar chart showing gold and silver rising while the TSX and crude oil fell on September 18.

Six major markets split unevenly on September 18: silver rose 2.32 percent and gold 1.00 percent even as both Canadian and U.S.

Gold and Silver Rise With Yields, Breaking the Usual Pattern

September 18, 2026

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Line chart showing WTI crude oil climbing 21.8 percent over a month as the Hormuz conflict widened.

WTI crude gained in nine of ten trading sessions through mid-September as a tanker war in the Strait of Hormuz widened into direct strikes on Saudi Arabian supply infrastructure.

The Week the Same Barrel of Oil Split the BoC From the Fed and the TSX From Its Own Energy Sector

September 12, 2026

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