The Canadian Index

All content, including the full-resolution download, is provided at no charge.

Line chart comparing Canada's headline and ex-gasoline CPI year-over-year from January through July 2026.

Canada's headline CPI rose 3.0% in July, edging above forecasts, almost entirely on a jump in gasoline prices tied to Middle East supply concerns.

Canada CPI Points to a BoC Hold as Bond Yields Climb

August 18, 2026

View chart & download
Bar chart showing Canada's CRA prescribed interest rate holding flat at 3% each quarter from 2022 through late 2026.

Canada's CRA prescribed interest rate has held at 3% for six consecutive quarters, the rate used to price family income-splitting loans without attracting a taxable benefit.

CRA Prescribed Rate Holds at 3% as Tariffs Land

August 18, 2026

View chart & download
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

View chart & download
Bar chart comparing same-session moves across seven assets, with gold rising nearly a percent to lead every other asset by a wide margin.

Gold led every other asset tracked on the session, rising nearly $37 an ounce as Canada's hotter July inflation print and an expiring…

This Morning's CPI Beat Already Contains the Hormuz Toll Nobody Has Priced Yet

August 17, 2026

View chart & download
Line chart showing the TSX Composite closing at 36,772.78, recovering above Friday's close after a five-record streak broke last week.

The TSX composite closed at 36,772.78, recovering above Friday's level after a run of five record closes in six sessions ended last week on soft US retail data.

This Morning's CPI Beat Already Contains the Hormuz Toll Nobody Has Priced Yet

August 17, 2026

View chart & download
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

View chart & download
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

View chart & download
Line chart showing the TSX Composite easing 0.08 percent on Friday after a six-session winning streak that included a new intraday record.

The TSX composite eased 0.08% on Friday, ending a six-session winning streak that had carried the index to an intraday record of 36,844.73 on Thursday.

The TSX Closed Friday Down 0.08%. Monday's Open Shows Oil, Gold and the VIX All Moving the Same Direction.

August 17, 2026

View chart & download
Line chart showing Brent crude trading in a range around 89 dollars a barrel through mid-August 2026 amid an expiring Strait of Hormuz ceasefire.

Brent crude has traded in a range without a sustained break in either direction over the past month, even as two Strait of Hormuz deadlines…

Two Deadlines Expire in the Strait of Hormuz Today. The Market Has Been Pricing Around Both.

August 17, 2026

View chart & download
Step chart showing the Bank of Canada overnight rate holding at 2.25 percent for six consecutive decisions from April 2024 through July 2026.

The Bank of Canada has held its overnight rate at 2.25% for six consecutive decisions, following nine cuts made between June 2024 and October 2025.

The BoC Meets Five Days After Warsh Speaks and Two Weeks Before the Fed Decides

August 17, 2026

View chart & download
Chart showing Old Age Security recovery tax rising with net income, with full clawback reached at $152,062 for the July 2026 to June 2027 benefit year.

Old Age Security benefits are reduced once a retiree's net income passes a set threshold, with the clawback reaching full recovery at…

This Year's Record Run Makes Selling Tempting. Two Tax Clocks Start the Moment You Do.

August 17, 2026

View chart & download
Line chart showing the TSX Composite rising 4.0 percent from mid-July to mid-August 2026 despite four separate pullbacks tied to Strait of Hormuz headlines.

The TSX composite gained 4.0% from mid-July through mid-August 2026, even as four separate pullbacks tied to Strait of Hormuz headlines interrupted the climb along the way.

Four Hormuz Dips Recovered in a Month. Today Tests Whether the Pattern Holds.

August 17, 2026

View chart & download
Bar chart comparing Friday's percentage moves across the TSX, gold, Brent, WTI crude and the Canadian dollar.

Gold, Brent, the Canadian dollar and WTI all rose Friday even as the TSX Composite slipped, with WTI adding 0.40% to settle near $81.68…

The TSX's Record Streak Reversed Itself in a Single Session, and Oil Just Confirmed Why

August 14, 2026

View chart & download
Bar chart showing TSX sector performance Friday, with technology declining while gold, materials and energy advanced.

The TSX Composite pulled back roughly 86 points Friday, a 0.24% decline that reversed Thursday's fourth consecutive record close.

The TSX's Record Streak Reversed Itself in a Single Session, and Oil Just Confirmed Why

August 14, 2026

View chart & download
Line chart tracking the TSX Composite's climb to a fourth consecutive record close over three weeks in August 2026.

The TSX Composite closed at a record 36,759.29 Thursday, its fourth straight record, though breadth stayed tight at 528 advancers against 451 decliners.

The TSX Hit Its Fourth Straight Record. The Advance Wasn't Broad.

August 14, 2026

View chart & download
Line chart showing Brent crude oil prices falling below $87 after five consecutive sessions of gains.

Brent crude fell 2.18% to $87.04 Thursday, snapping a five session winning streak that had carried it from $79.36 on August 4 to a high of $88.98 on August 12.

Oil Fell This Week. The Hormuz Rhetoric Didn't.

August 14, 2026

View chart & download
Line chart tracking the Bank of Canada's overnight rate against Government of Canada 10 year bond yields since 2023.

The Bank of Canada has held its overnight rate at 2.25% for six consecutive meetings through July 2026, after nine cuts since June 2024 brought it down from a 5% peak.

The Bank of Canada Held. The Bond Market Didn't Wait.

August 14, 2026

View chart & download
Chart comparing the CRA's prescribed interest rate against Government of Canada 10 year bond yields since 2024.

The Canada Revenue Agency's prescribed rate has held at 3% for six consecutive quarters, unchanged since the third quarter of 2025.

The Prescribed Rate Held at 3 Percent. Everything Around It Moved.

August 14, 2026

View chart & download
Chart showing wide dispersion among TSX Composite stocks during Thursday's record session, with thirteen names moving more than four percent.

The TSX Composite closed at a fourth consecutive record Thursday, but the headline gain concealed sharp dispersion underneath.

Gold Miners Sold the News on a Record TSX Session

August 14, 2026

View chart & download
Line chart comparing the TSX Composite and gold spot price diverging on August 13, 2026, after Wednesday's TSX record.

The S&P/TSX Composite fell back below Wednesday's record close of 36,662 on Thursday, a session led lower by materials shares, the same day…

TSX Composite and Gold Spot Diverge After Wednesday's Record

August 13, 2026

View chart & download
Line chart of gold spot prices from July 22 to August 13, 2026, showing a fresh record high Thursday.

Gold closed at a fresh high Thursday at 4,491.45 US dollars an ounce, up 0.41% on the day, extending a rally that has added more than 12% since mid-July.

Gold Spot Price Hits a Fresh High on August 13, 2026

August 13, 2026

View chart & download
Candlestick chart of the S&P/TSX Composite from July 13 to August 11, 2026, with a five-day moving average.

Financials and gold miners drove the S&P/TSX Composite's fourth record close in five sessions, a 0.51% gain to 36,662 on Wednesday, even as…

The TSX's Fourth Record Close Was Built on Financials and Gold, Not Energy

August 13, 2026

View chart & download
Bar chart comparing IEA and OPEC 2026 oil demand forecasts amid a pullback in Brent crude prices.

The International Energy Agency now projects a 1.6 million barrel a day decline in 2026 oil demand, its first full-year contraction call…

The IEA and OPEC Are Now Two Million Barrels Apart on Oil Demand

August 13, 2026

View chart & download
Bar chart comparing Canadian and US inflation and growth figures ahead of the Bank of Canada's September rate decision.

Canada's core inflation cooled to 2.10%, a five-year low, even as the economy grew a stronger-than-expected 3.4% annualized in the second…

Canada's Economy Is Outrunning the Bank of Canada's Own Forecast

August 13, 2026

View chart & download