The Canadian Index

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Line chart of the TSX Composite over the week the Fed hiked rates and the Bank of Canada held.

Two G7 central banks moved in opposite directions the week of September 15: the Federal Reserve raised its policy rate a quarter point to…

The Week the Bank of Canada's Own Rate Stopped Setting Canadian Borrowing Costs

September 19, 2026

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Bar chart showing gold and silver rising while the TSX and crude oil fell on September 18.

Six major markets split unevenly on September 18: silver rose 2.32 percent and gold 1.00 percent even as both Canadian and U.S.

Gold and Silver Rise With Yields, Breaking the Usual Pattern

September 18, 2026

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Line chart showing the TSX Composite retreating over 24 sessions as bond yields resumed climbing.

The TSX Composite gave back most of Thursday's post-Fed rebound by Friday, closing at 35,677.84 as bond yields resumed climbing.

TSX Gives Back Post-Fed Rally as Bond Yields Resume Climbing

September 18, 2026

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Bar chart comparing the daily percent gains of the TSX, S&P 500, Dow, and Nasdaq on September 17.

All four major North American indices closed higher on September 17 as Treasury yields pulled back from a 19-year high reached in the…

Wall Street Rallied After the Fed Hike. The TSX Followed, But Lagged the Nasdaq by More Than Half a Point.

September 18, 2026

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Line chart showing WTI crude oil prices spiking after a Saudi pipeline strike in September 2026.

A Houthi strike on a Saudi Arabian east-west pipeline opened a second chokepoint in the region's oil supply chain this month, layering onto…

The Strait of Hormuz Story Just Got a Second Chokepoint, and Canada Has Exposure on Both Sides

September 18, 2026

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Line chart comparing the Bank of Canada and Federal Reserve policy rate paths through 2026.

The Bank of Canada has held its policy rate at 2.25 percent through seven consecutive decisions this year, with its next scheduled announcement not due until October 28.

The Bank of Canada Has Not Moved All Year. The Fed Just Did.

September 18, 2026

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Bar chart showing the TFSA annual contribution limit rising to a projected $7,500 in 2027.

Tax-Free Savings Account contribution room is projected to rise to $7,500 in 2027, a $500 increase and the first jump since 2024.

TFSA Room Is Set to Rise to $7,500 in 2027, the First Jump Since 2024

September 18, 2026

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Line chart showing the TSX Composite falling then recovering around the Federal Reserve's September rate hike.

The Federal Reserve raised its policy rate for the first time since 2023 on September 16, moving to a 3.75 to 4.00 percent range under new Chair Kevin Warsh.

The Fed Just Hiked for the First Time Since 2023, and the TSX Barely Blinked

September 18, 2026

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Bar chart comparing same-session percentage moves across gold, silver, oil, and other major assets on September 17, 2026.

Gold and silver led gains across major assets Thursday even against a seven-week high for the US dollar, a combination strategists linked…

The Fed Called an Oil Shock Elevated the Same Day the BoC Found No Sign It Has Spread

September 17, 2026

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Line chart showing the S&P/TSX Composite index rebounding on a base metals rally on September 17, 2026.

The TSX Composite rebounded to about 35,858 on Thursday, led by base metals, a day after closing at its lowest level since July.

The Fed Called an Oil Shock Elevated the Same Day the BoC Found No Sign It Has Spread

September 17, 2026

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Line chart showing the TSX Composite index falling to its lowest close in weeks despite a rally in oil prices.

The TSX Composite fell to its lowest close since early September, down about 4 percent from its late-August high, even as WTI crude above…

The TSX Fell 91 Points as the Fed Decision Overpowered Rising Oil

September 17, 2026

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Line chart showing WTI crude oil above 100 dollars a barrel as Strait of Hormuz tanker traffic collapses.

WTI crude has climbed above 100 dollars a barrel from about 85 dollars in mid-August, after fighting between US and Iranian forces resumed…

Why Oil Crossed 100 Dollars Without a Full Strait of Hormuz Closure

September 17, 2026

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Line chart showing the policy rate gap between the Bank of Canada and the Federal Reserve widening to 175 basis points.

The gap between the Bank of Canada and Federal Reserve policy rates narrowed to 150 basis points by December as the Fed kept cutting after…

The Fed Just Undid Nine Months of BoC Rate-Gap Narrowing

September 17, 2026

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Step chart showing the CRA prescribed rate for income-splitting loans holding at 3 percent through 2026.

The Canada Revenue Agency's prescribed rate, used for income-splitting loans, has held at 3 percent for six straight quarters, its longest stretch since falling from its 2024 peak.

Why the CRA Prescribed Rate Window May Not Survive Q1 2027

September 17, 2026

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Line chart showing the VIX volatility index jumping after the Federal Reserve's September 2026 interest rate increase.

The VIX climbed from a one-month low near 14 in early September to nearly 18 after the Federal Reserve raised its policy rate for the first…

Why an Expected Rate Hike Still Triggered a 631-Point Selloff

September 17, 2026

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Line chart showing the S&P/TSX Composite index easing the same day Canada and the European Union deepened trade ties.

The S&P/TSX Composite eased alongside US markets the same session the Federal Reserve raised its policy rate for the first time since 2023,…

The Fed's Hawkish Hike Broke the Loonie's Oil Shield the Same Day Ottawa Leaned on Europe

September 16, 2026

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Step chart showing the US federal funds rate rising to 4.00 percent after the Federal Reserve's September 2026 hike.

The Federal Reserve raised its policy rate a quarter point to a range of 3.75 to 4.00 percent, its first increase since 2023, and signalled at least one more hike this year.

The Fed's Hawkish Hike Broke the Loonie's Oil Shield the Same Day Ottawa Leaned on Europe

September 16, 2026

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Line chart showing the TSX Composite index drifting lower despite strength in energy stocks in mid-September 2026.

The TSX Composite has drifted roughly 4 percent below its late-August high as base metals, financials, and technology weigh on the index…

The TSX Cannot Decide Between Energy and Everything Else

September 16, 2026

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Line chart showing WTI crude oil climbing above 100 dollars a barrel amid the Strait of Hormuz conflict.

WTI crude has climbed roughly 51 percent since early July as the Strait of Hormuz conflict enters its third month, with commercial shipping…

Why a War in the Strait of Hormuz Is Steering a Federal Reserve Decision

September 16, 2026

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Bar chart breaking down August 2026 Canadian inflation components, showing gasoline far outpacing every other category.

Gasoline prices, driven higher by the Strait of Hormuz conflict, accounted for most of Canada's headline inflation reading in August, while…

Same Inflation Story, Two Opposite Central Bank Conclusions

September 16, 2026

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Line chart showing the Government of Canada five-year bond yield climbing to 3.43 percent in early September 2026.

The Government of Canada five-year yield has risen for two straight weeks as markets price in a near-certain Federal Reserve rate hike,…

Why This Quarter Is the Window to Lock the 3% Prescribed Rate

September 16, 2026

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Line chart showing the VIX volatility index holding in the mid-teens through a prolonged Strait of Hormuz conflict.

The VIX has held in the mid-teens for weeks even as the Strait of Hormuz conflict enters its third month and a Federal Reserve rate…

Why the Fear Gauge Is Sleeping Through a War and a Rate Hike

September 16, 2026

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Line chart showing the S&P/TSX Composite down 3.4 percent from its August peak despite energy stocks leading gains.

The S&P/TSX Composite has fallen 3.4 per cent from its late-August peak even though several of Canada's largest energy producers have…

TSX Composite Down 3.4% From Its August Peak, Even With Energy Stocks Leading the Market Higher

September 15, 2026

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Line chart showing WTI crude oil up 25 percent in three weeks after a Saudi pipeline strike.

WTI crude has climbed 25 per cent in three weeks after drone strikes shut down Saudi Arabia's East-West pipeline, a route that had carried…

Iran Closed the Strait of Hormuz. This Week, Militias Closed the Detour Around It.

September 15, 2026

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