The Canadian Index

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Line chart comparing WTI crude oil, up 24 percent, against a barely moved VIX volatility index over three weeks.

WTI crude has risen 24 per cent over three weeks as the Hormuz conflict widened, while the VIX volatility index gained only about 11 per cent over the same stretch, reversing most of a spike from a Saudi pipeline strike within a single session. Researchers who study decision making call this anchoring, where a reference point set by months of the same conflict causes new escalations to register as smaller adjustments than they actually are. A quiet VIX here reflects a desensitized instrument, not a calm market.

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 indexed gold and Brent crude prices as the two assets diverge then reverse in early August 2026.

Gold rose 7.2% last week to a record close near $4,400 while Brent crude fell 7.3% as traders bet a Hormuz shipping deal was close.

Gold's Record Week Made the Story Feel Settled. Monday Already Disagrees.

August 10, 2026

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Bar chart of WTI crude oil's daily percentage price swings from July 6 to August 4, 2026.

Crude oil's decline reflects a pattern researchers Daniel Kahneman and Amos Tversky called base-rate neglect: investors treating each…

Crude Moved More Than Two Percent in Twelve of the Past Twenty-Two Sessions. That Is a Base-Rate Problem, Not a Supply Problem.

August 5, 2026

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Line chart comparing WTI crude oil and gold spot prices from June 22 to July 20, 2026.

WTI crude has climbed 2.1% to $83.48 as the conflict's confirmed U.S.

Oil Spiked Past $85 as the War's U.S. Death Toll Hit 17. It Gave Back Most of the Move by Noon.

July 20, 2026

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Line chart showing the TSX composite, Brent crude and Canada's 10-year bond yield indexed and diverging in early August 2026.

Canada's 10-year government bond yield, the TSX composite and Brent crude had moved together through early August as Strait of Hormuz risk built, but Tuesday broke that pattern.

TSX, Brent and Canada's 10-Year Yield Diverge

August 11, 2026

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Bar chart showing Cargojet and other top-gaining TSX stocks leading Tuesday's session as energy stocks lagged.

Cargojet led Tuesday's TSX session, up 4.6 percent, as financials and industrials drove the index to a fresh intraday record.

Cargojet Leads Tuesday's TSX as Energy Lags

August 11, 2026

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Line chart showing WTI crude oil rising 10.6 percent from July 7 to August 7, 2026, with a sharp mid-week reversal.

Crude oil fell sharply in early August as reports of a preliminary Iran-Oman agreement on Strait of Hormuz shipping circulated, then…

WTI Swung More Than 10% in a Week on Headlines the Availability Heuristic Explains

August 7, 2026

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