The Canadian Index

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Bar chart of the TSX Composite's daily percentage swings from August 10 to September 4, 2026, showing an unusually volatile six-session stretch.

The TSX has broken its own recent volatility average in five of the last six sessions, a stretch triggered by Washington's tariffs on Canadian goods and Iran's attack on a tanker in the Strait of Hormuz. Two of those five outsized moves were gains, not losses, yet down days tend to stick in memory more than up days, a pattern researchers call loss aversion. The prior three weeks cleared the same volatility threshold only four times in fourteen sessions.

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 comparing University of Michigan consumer sentiment with the S&P/TSX Composite over 13 months to September 2026.

Consumer sentiment and the Canadian equity index have moved in opposite directions in most months of the past year.

Consumer Sentiment Falls While the TSX Rises

September 28, 2026

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Line chart of the Cboe VIX volatility index from late August to September 23, 2026, hovering in the mid-teens.

The VIX estimates how much the options market expects stocks to move over the next thirty days, so it can stay quiet while individual sessions are violent.

VIX Stays Subdued While the TSX Swings

September 24, 2026

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Line chart showing the S&P/TSX Composite closing higher after a volatile week driven by war-related headlines.

Kahneman and Tversky's loss aversion research helps explain the sequence: losses recorded during a decline carry roughly twice the…

Why the TSX's Two-Day Rebound Is the Most Dangerous Data Point on the Chart

September 4, 2026

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Line chart showing the VIX volatility index holding a narrow range through late August 2026 despite trade war headlines.

The VIX has held a narrow range for most of August even as Ottawa confirmed C$27.6 billion in retaliatory tariffs and Washington unveiled a sweeping new Iran sanctions campaign.

The VIX Has Not Moved in Three Weeks. That Is Not the Same as Markets Judging the Trade War Small.

August 26, 2026

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Line chart showing the TSX Composite rebounding 1.17 percent Tuesday after Monday's steepest one-day decline in over a week.

The TSX Composite closed up 1.17% Tuesday, rebounding from Monday's 0.86% drop, the index's first close below 35,000 in eight sessions.

The Monday Sell, the Tuesday Miss

July 22, 2026

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Line chart of the S&P/TSX Composite's closes from late June to mid-August 2026, showing Monday's pullback after six record highs.

The S&P/TSX Composite closed down 0.17% Monday, its first negative session in more than a week after six record highs earlier in August.

TSX Pullback Tests the Disposition Effect

August 18, 2026

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