The Canadian Index

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Bar chart showing how Canada's Big Six bank stocks traded on their third-quarter earnings day.

The TSX Composite held essentially flat this week, pulling back only slightly from Tuesday's record close, as strong bank earnings offset a gold-miner selloff triggered by a hotter-than-expected US inflation print. Royal Bank, CIBC and TD all posted double-digit profit growth and traded higher on the news, while National Bank was the week's lone outlier, falling 5.1% despite beating third-quarter estimates. Agnico Eagle and Wheaton Precious Metals each dropped more than 4% as gold retreated from recent highs.

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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Diverging bar chart comparing profit growth to stock reaction across Canada's Big Six banks after third-quarter earnings.

Three of Canada's Big Six banks posted double-digit profit growth this reporting period, yet investors responded in sharply different ways.

The Beat Isn't the Story: Why National Bank Fell on a 23% Profit Jump

August 27, 2026

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Line chart showing the S&P/TSX composite index closing at a record high on August 25, 2026.

The record close was carried almost entirely by financials and materials as bank earnings season opened strong, with Scotiabank posting a…

The TSX Hit a Record High Tuesday. Only Two Sectors Actually Showed Up.

August 26, 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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Bar chart comparing five Canadian banks' Q3 profit growth against their stock price reaction on earnings day.

Anchoring bias, not disappointment, explains this week's mismatch between Canadian bank earnings and stock reactions.

Why TD's 38% Profit Jump Moved the Stock Less Than Scotiabank's 18%

August 28, 2026

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