The Canadian Index

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Line chart of the TSX Composite and the S&P 500, both rebased to 100 on September 4, through October 2, 2026.

The TSX has lagged a roughly flat S&P 500 since September 4, which reflects the Canadian bond market pricing a more hawkish Bank of Canada than bank economists forecast. Canadian two-year yields already match the most hawkish bank forecast for 2027. The data end on October 2 because October 5 closing levels were not confirmed at publication.

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 two-year yield premiums over policy rates for Canada and the US, September 8 to October 2, 2026.

The premium measures how far two-year yields sit above each central bank's policy rate, so a larger premium means the bond market expects tighter policy.

Two-Year Yield Premium Over Policy Rate: Canada and the US, September 8 to October 2, 2026

October 5, 2026

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Line chart showing Brent crude climbing 5.1 percent over the week to 87.84 dollars a barrel as the Iran conflict and naval blockade escalated.

Brent crude rose 5.1% over the week to $87.84 a barrel as an escalating Iran conflict pushed oil back toward its earlier highs.

The TSX and Gold Both Set Records This Week. That Should Not Happen Together.

August 15, 2026

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Bar chart comparing six assets' weekly gains, showing energy markets rising roughly five times faster than equities or the Canadian dollar.

Six major assets all finished the week higher, but energy markets moved roughly five times faster than equities or the Canadian dollar.

The TSX and Gold Both Set Records This Week. That Should Not Happen Together.

August 15, 2026

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Line chart of the S&P/TSX Composite, S&P 500 and Nasdaq rebased to 100 at the August 26 close, through October 6.

United States indexes closed at records on October 6 while the Canadian index remained about 3.5% below its own record, a gap that opened…

TSX, S&P 500 and Nasdaq Rebased to the August 26 Close

October 7, 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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