The Canadian Index

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Bar chart showing Canadian financial stocks climbing to 37 percent of the TSX index since February.

Canadian financials now make up 37% of the TSX composite, the largest share in eight years and up from 31% in March, as capital has rotated out of sectors most exposed to the Strait of Hormuz war. Since the conflict began in late February, financial stocks have gained 22% while materials stocks, which include most gold miners, have fallen 25% despite a partial rebound this past week. The Big Six banks now trade at roughly 15 times forward earnings, the widest premium over their US peers since 2010.

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 WTI crude oil spiking on a Houthi tanker claim before easing back toward 75 dollars a barrel.

WTI crude jumped to $77.83 a barrel shortly after 5 a.m.

WTI Crude Slips Back to $75 After Thursday's Pre-Dawn Spike

August 6, 2026

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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 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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Scorecard chart comparing six assets' same-day percentage moves Tuesday, with gold the worst performer amid Hormuz tensions.

Gold, oil, the Canadian dollar, the TSX and bond yields posted mixed moves Tuesday afternoon even as tensions in the Strait of Hormuz…

Cross-Asset Scorecard as Hormuz Escalates

August 18, 2026

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Intraday line chart of gold spot price falling to $4,367 an ounce Tuesday as long-term Treasury yields surged.

Gold spot fell to $4,367 an ounce Tuesday, down 1.2% from its intraday high, even as a genuine escalation in the Strait of Hormuz might…

Gold Falls as Treasury Yields Hit a 19-Year High

August 18, 2026

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