The Canadian Index

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

Bar chart of Tuesday's top TSX movers, led by Celestica's 9.5 percent gain, on the index's record close.

Tuesday's record TSX close was built on technology strength, led by Celestica and Constellation Software, while energy and gold mining…

The TSX's Record Close Was Built Without Energy. Oil's 6% Overnight Jump Just Changed the Math.

July 29, 2026

View chart & download
Weekly line chart showing WTI crude oil climbing 6.4 percent as Saudi Arabia joins strikes in Iraq.

Saudi Arabia joined US strikes against Iran aligned militia sites in Iraq overnight, its most direct combat role since the five month…

Iran's Missiles Were Intercepted. Saudi Arabia Joining the Strikes Was Not Supposed to Happen.

July 29, 2026

View chart & download
Line chart showing CME FedWatch odds for a September Fed rate hike holding near 80 percent.

CME FedWatch odds for Wednesday's Federal Reserve decision swung between 10.7% and 46.5% over the two weeks leading up to the meeting, an unusually wide range for a single rate call.

Today's Fed Decision Is a Coin Flip. September's Already Isn't.

July 29, 2026

View chart & download
Step chart showing the CRA prescribed interest rate holding at 3 percent for a fifth straight quarter.

The Canada Revenue Agency's prescribed rate for family income splitting loans has held at 3.00% for a fifth consecutive quarter, calculated…

The Fed Decides Rates at 2 P.M. Today. Your Prescribed Rate Loan Was Decided in April and Isn't Moving.

July 29, 2026

View chart & download
Line chart showing gold prices holding near $4,020 despite an overnight missile attack on US forces.

Iran's overnight missile attack on US forces sent oil prices sharply higher, yet gold barely moved from its prior close.

Oil Jumped 6% on Overnight Missiles. Gold Moved Half a Percent. The Gap Is the Story.

July 29, 2026

View chart & download
Bar chart showing same-day percentage moves across six financial assets, including oil, gold, and the VIX, on July 28, 2026.

Energy and precious metals fell together Tuesday, but for different reasons rather than a single shared cause.

Energy and Precious Metals Fall Together for Different Reasons on July 28, 2026

July 28, 2026

View chart & download
Line chart of WTI crude oil prices from June 25 to July 28, 2026, marked with key escalation and diplomacy events.

Oil has retraced roughly half of its rally from a pre-escalation low to last week's peak, a retreat driven by genuine diplomatic progress rather than fading headlines.

Oil Erases Half Its War Premium as Real Diplomacy Takes Hold

July 28, 2026

View chart & download
Bar chart comparing the single-day percentage moves of seven financial assets, including WTI crude and the TSX, on July 27, 2026.

Canadian stocks and oil moved in opposite directions Monday, with the broad index gaining even as crude posted its steepest single-session drop since February.

The TSX Gained 0.56% Monday While Oil Fell 8.7%. That Divergence Is the Trade.

July 28, 2026

View chart & download
Line chart of WTI crude oil prices from July 8 to July 28, 2026, marked with Middle East escalation and de-escalation events.

A claimed strike on Saudi Arabia's East-West Pipeline, the route built specifically to move crude around the Strait of Hormuz, landed the…

The Pipeline Built to Bypass Hormuz Risk Just Became a Target

July 28, 2026

View chart & download
Line chart tracking implied odds of a Fed rate hike alongside WTI crude oil prices from July 15 to July 28, 2026.

Markets still see a meaningful chance of a US interest rate hike this week, even though oil, a key driver of the recent inflation scare,…

Fed Hike Odds Have Barely Moved Even as Oil Fell 12%. Here Is Why That Gap Matters.

July 28, 2026

View chart & download
Bar chart comparing six Canadian interest rates, including mortgage and CRA prescribed rates, as of July 28, 2026.

Two Canadian borrowing rates are moving on different timelines this summer.

Two Canadian Rate Curves Are Telling Two Different Stories, and Mixing Them Up Will Cost Your Clients

July 28, 2026

View chart & download
Line chart comparing indexed percentage changes in WTI crude oil and gold prices from July 8 to July 28, 2026.

Oil and gold moved together again on Tuesday, ending a brief decoupling in which gold had risen even as oil fell 8.7% the day before.

Oil and Gold Fell Together Today. The Disposition Effect Explains Why Clients Are Still Holding Both.

July 28, 2026

View chart & download
Chart showing Monday's cross-asset moves, with energy shares lagging even as broader equity futures, bonds, and gold rallied.

US equity futures pointed broadly higher Monday, with S&P 500, Nasdaq, and Dow futures all gaining, as risk appetite improved on the same…

Cross-Asset Moves Diverge as Energy Lags Monday's Broader Rally

July 27, 2026

View chart & download
Bar chart comparing normal daily oil transit volumes through the Strait of Hormuz and the Bab el-Mandeb corridor.

The Strait of Hormuz normally carries about 20.9 million barrels a day, more than double the roughly 8.6 million moving through the Bab…

World Oil Chokepoints: Hormuz vs. Bab el-Mandeb

July 27, 2026

View chart & download
Monthly chart showing Canada's core inflation measure falling to a five-year low of 1.8 percent in June.

Odds of a Wednesday Federal Reserve rate hike had climbed toward one in three by late last week, up from roughly 18% on July 2, as…

Canada's Core Inflation Falls to a Five-Year Low

July 27, 2026

View chart & download
Quarterly chart showing the Canada Revenue Agency's prescribed interest rate holding at three percent for a fifth straight quarter.

The Canada Revenue Agency's prescribed rate has now held at 3% for five consecutive quarters, running through September 30, 2026, keeping…

CRA Prescribed Rate Holds at 3% for a Fifth Straight Quarter

July 27, 2026

View chart & download
Chart plotting WTI crude oil prices at selected key sessions from January through Monday sharp morning decline.

Yemen's Houthi rebels claimed the first direct strike on Saudi oil infrastructure in four years over the weekend, briefly sending Brent…

WTI Crude Oil at Key Sessions Through the Five-Month War

July 27, 2026

View chart & download
Chart comparing Monday's same-day price moves across seven assets, showing oil falling sharply while other assets held steadier.

The TSX opened about 0.2% higher near 35,471 Monday, led by technology and consumer discretionary shares rather than the energy sector that has driven most of this year's gains.

Same-Day Cross-Asset Moves: Oil Leads Monday Selloff

July 27, 2026

View chart & download
Line chart tracking daily WTI crude oil prices from the Strait of Hormuz disruption's start through Monday's steep drop.

WTI fell more than eight per cent Monday, its sharpest single session drop since the Strait of Hormuz disruption began in late February,…

Oil's Worst Session Since February Breaks Its Link to Gold

July 27, 2026

View chart & download
Bar chart comparing weekly percentage moves across seven assets including oil, the Canadian dollar, and the TSX.

Oil, the Canadian dollar, and the TSX diverged over the week ending July 24, even as crude posted its strongest weekly gain since the war began in February.

Cross-Asset Weekly Moves: Oil Rallies, Loonie Falls Anyway

July 25, 2026

View chart & download
Daily WTI crude oil price chart showing a pullback to $89.31 after a six-week high mid-week.

Oil touched a six-week high of $92.19 on Thursday after Houthi forces struck Saudi tankers, then eased on reports of Pakistan-brokered mediation between the parties.

Oil Pulls Back to $89.31 After Six-Week High on Mediation Reports

July 25, 2026

View chart & download
Bar chart comparing same-day percentage moves across seven Canadian and commodity assets on July 24, 2026.

Canadian gold miners and financial stocks were the day's strongest movers, even though oil, the commodity that had driven Thursday's rally,…

Oil Gave Back the Entire Brent-$100 Spike Today. The Bond Market Did Not Follow.

July 24, 2026

View chart & download
Line chart showing WTI crude oil's daily closing price falling sharply on July 24, 2026.

The drop came even as a third oil chokepoint disruption opened overnight in Kazakhstan, on reports that Pakistan and China are working to…

Oil Gave Back the Entire Brent-$100 Spike Today. The Bond Market Did Not Follow.

July 24, 2026

View chart & download
Line chart showing the S&P/TSX Composite index falling after reaching a record high in July 2026.

The reversal came a day after oil past $100 a barrel lifted energy stocks but weighed on yield-sensitive banks, with Royal Bank, TD and BMO…

Record High, Then a Bank-Led Reversal: Inside Thursday's TSX Split

July 24, 2026

View chart & download