The Canadian Index

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Chart comparing Friday's one-day price moves across five assets, showing gold, silver, and the TSX falling as WTI rose.

Five widely tracked assets moved in different directions on July 31. Gold, silver, and the TSX Composite all fell as the US dollar strengthened and the 30-year US Treasury yield jumped past 5.2%, a 19-year high, after the Federal Reserve pulled back its forward guidance. WTI crude moved the other way, rising as Iran's Revolutionary Guard Corps struck two tankers near the Strait of Hormuz. The Canadian dollar held roughly flat against its US counterpart despite the divergence elsewhere in markets.

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 tracking the S&P/TSX Composite through July's ceasefire collapse, near-record rally, and late-month pullback to a 35,226 close.

The S&P/TSX Composite closed July at 35,226, up 1.06% for the month, a modest headline figure that conceals sharp intra-month swings.

S&P/TSX Composite closes July up 1.06% after a volatile month

July 31, 2026

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Line chart comparing Brent and WTI crude oil prices through July's four-leg rally to $85.47.

Brent and WTI crude both surged in July, with WTI ending the month at $85.47, up 23.0%, after round-tripping from a five-month low near $68.74.

WTI and Brent crude surge in July as the Iran ceasefire collapses

July 31, 2026

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Line chart of WTI crude oil's daily closes from mid-June to July 31, rising to $85.47 after Hormuz tanker strikes.

WTI crude closed at $85.47 Friday, up 2.3% on the day, capping a volatile seven-week stretch.

WTI crude closes at $85.47 after tanker strikes near the Strait of Hormuz

August 1, 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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