The Canadian Index

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Bar chart of Canada's monthly employment change, seasonally adjusted, from October 2025 to September 2026.

Two consecutive months of job losses have erased the employment gains of 2026 to date. Employment fell by 41,700 in August and 68,300 in September, leaving a net loss of 41,200 for the year through September. Hourly wage growth for permanent employees was 2.3% in September, below headline inflation expected near 3.0%. The Bank of Canada decides on October 28.

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 from August 17 to October 9, 2026, showing its decline from the August 25 record close.

The decline from the late-August record spans two trade actions: the U.S.

S&P/TSX Composite Index and Its Decline From the August 25 Record

October 9, 2026

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Line chart of the S&P/TSX Composite daily close from August 17 to October 9, 2026, ending below its August 25 level.

The decline from the August 25 close spans the United States tariffs imposed on August 22 and the Canadian counter-tariffs of September 8.

S&P/TSX Composite From August 17 to October 9, Before Thanksgiving

October 12, 2026

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Line chart of Government of Canada 2-year, 5-year and 10-year benchmark yields through August 2026, with a shaded span at the August 21 peak.

Canadian yields drifted higher through August even though the Bank of Canada held its policy rate at 2.25% and had no decision to make during the month.

Government of Canada Benchmark Yields, August 2026

August 31, 2026

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Line chart of gold futures, the S&P/TSX Composite and Brent crude, each rebased to 100 at the July 31 close.

Gold rallied and gold miner shares carried the TSX higher, while Brent ended the month close to where it began.

Gold, TSX and Brent Rebased to the July 31 Close

August 31, 2026

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Line chart of the S&P/TSX Composite daily close through August 2026, with a shaded span marking five straight record closes.

Gold miners did most of the lifting as the index set eight record closes during the month, the last on August 25.

S&P/TSX Composite Daily Close Through August 2026

August 31, 2026

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Line chart tracking the market-implied probability the US Federal Reserve holds rates steady in September 2026.

Market-implied odds that the US Federal Reserve holds its benchmark rate steady in September rose to about 60%, up from roughly one in three a week earlier.

The Fed's Three Dissenters Wanted a Hike. Canada's Data Made Their Case, America's Broke It.

August 10, 2026

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