The decline from the late-August record spans two trade actions: the U.S. Section 338 tariffs of August 22 and the Canadian counter-tariffs of September 8. Friday's gain of 519.24 points followed a September labour force survey showing 68,300 jobs lost. The Bank of Canada decides on October 28, with the 10-year Government of Canada yield having reached 3.99% from 3.45% at the start of July.
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The decline from the August 25 close spans the United States tariffs imposed on August 22 and the Canadian counter-tariffs of September 8.
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October 12, 2026
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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.
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Gold rallied and gold miner shares carried the TSX higher, while Brent ended the month close to where it began.
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August 31, 2026
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Gold miners did most of the lifting as the index set eight record closes during the month, the last on August 25.
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The final point is a 2:46 PM Eastern print from October 7 rather than an official close, drawn dashed because the closing level was not available at publication.
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The VIX barely moved on October 7 even as Canadian equities fell on rate fears, because the index is built from United States large-cap…
VIX Daily Close on the Day Rate Fear Hit the TSX
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