The Canadian Index

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Line chart tracking the Government of Canada 10-year bond yield rising to its highest close since early August 2026.

The Government of Canada 10-year bond yield closed at 3.75% Tuesday, its highest level since early August, as a worldwide sovereign bond selloff pushed yields higher everywhere at once. The US 10-year Treasury climbed to 4.79%, the highest since January 2025, while Japan's 10-year topped 3% for the first time since 1996 and Germany's hit a 15-year high. The move reflects oil-driven inflation anxiety and a widening US fiscal deficit rather than anything specific to Canadian growth, arriving one day before the Bank of Canada's own rate 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.

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Bar chart comparing same-session percentage moves across the TSX, US indexes, the Canadian dollar, gold and WTI crude.

WTI crude settled up 2.6% Tuesday, the outlier in a broad cross-asset selloff tied to a worldwide sovereign bond rout that pushed yields higher everywhere at once.

Oil Rallies While the TSX and Loonie Fall in a Global Bond Selloff

September 1, 2026

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Bar chart comparing same-session percentage moves across six assets following the July PCE inflation surprise.

Wednesday afternoon's hot US July PCE inflation print, which came in above forecast, reversed four sessions of falling Canadian and US bond yields within hours.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

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Bar chart showing three Canadian banks' adjusted net income growth accelerating in Q3 fiscal 2026 earnings.

Scotiabank, BMO, and National Bank each posted accelerating year-over-year adjusted net income growth this week, with each report topping the one before it.

The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon

August 26, 2026

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

Brent was the only one of the three to finish above its starting level, while the index and gold both fell.

Brent, TSX and Gold Rebased to the August 31 Close

September 30, 2026

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Line chart of Government of Canada 2-year, 5-year and 10-year benchmark yields, August 31 to September 29, 2026.

The Bank of Canada held its policy rate at 2.25% for a seventh straight time, yet Canadian yields rose as United States yields surged.

Government of Canada Benchmark Yields, September 2026

September 30, 2026

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Line chart of the S&P/TSX Composite daily close for September 2026, with a shaded slide and a dashed line at the August 25 record.

The index fell for the month even though Brent crude gained and the Strait of Hormuz stayed shut, because rising United States bond yields outweighed oil and gold.

S&P/TSX Composite Daily Close Through September 2026

September 30, 2026

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