Converting the S&P 500 into Canadian dollars adds the effect of USD/CAD, which has risen since August 26. For a Canadian investor holding US stocks, that currency move has done more to separate returns from the TSX than any move in the TSX itself. The converted series is the S&P 500 daily close multiplied by the USD/CAD close, and both equity series are price returns, which exclude dividends.
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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Equities priced relief after a weak September payrolls report, but Treasury yields closed higher anyway, so the bond market did not treat the miss as a reason to expect lower rates.
US Treasury Par Yields: 2-Year and 10-Year, August 26 to October 2, 2026
October 2, 2026
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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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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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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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Brent crude jumped on September 23, 2026, yet the Canadian dollar weakened for a third session as rising US rate expectations outweighed oil.
Brent Jumps While the Canadian Dollar and TSX Fall in the September 23 Session
September 23, 2026
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The S&P/TSX Composite fell on September 23, 2026, even as crude oil rallied, because losses in gold miners outweighed modest gains in energy stocks.
TSX Composite Falls Despite an Oil Rally as Gold Stocks Slide
September 23, 2026
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