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. Over this stretch the Toronto market moved by several hundred points in single days without lifting the gauge much. Behavioural research on loss aversion, in which losses feel stronger than equal gains, helps explain why investor concern can remain high when the headline volatility reading looks calm.
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.
Related charts
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
View chart & download
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
View chart & download
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
View chart & download
A hawkish Federal Reserve decision and a sudden reversal in metals prices hit mining shares, producing the steepest single-session decline in more than three months.
TSX Drops Sharply Midweek Amid Rate Divergence
September 25, 2026
View chart & download
The TSX has broken its own recent volatility average in five of the last six sessions, a stretch triggered by Washington's tariffs on…
Why This Week Feels Worse Than the TSX Actually Performed
September 8, 2026
View chart & download
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
View chart & download