The move followed Houthi strikes on two Saudi oil tankers in the Red Sea, opening a shipping corridor disruption separate from the ongoing Strait of Hormuz standoff.

The Houthis Just Opened a Second Chokepoint. Markets Are Not Pricing It Yet.

July 24, 2026

June's cooler reading was driven by a temporary drop in gasoline prices tied to a ceasefire that has since collapsed, with Brent crude back…

June's Cooler Inflation Print Rested on a Ceasefire That Has Already Broken

July 24, 2026

The new 50 percent tariffs take effect August 19, targeting wine, whisky, cement and a dozen other categories while leaving energy, potash, fish and critical minerals untouched.

The 30-Day Clock on CCPCs Caught in the New Tariffs

July 24, 2026

Gold's drop came even as Brent crude crossed $100 a barrel for the first time since May, after Houthi forces struck two Saudi oil tankers in the Red Sea.

Record High, Sharp Reversal: A Lesson in Loss Aversion

July 24, 2026

Gold fell $97.20 to $4,054.70 an ounce Thursday even as confirmed strikes on Saudi oil tankers pushed WTI crude to $92.23 a barrel, a break…

This Morning's Tail Risk Just Struck a Saudi Tanker, and Gold Refused to Play Along

July 23, 2026

Yemen's Houthi militants claimed missile and drone strikes on two Saudi oil tankers in the Red Sea, a scenario flagged only hours earlier…

This Morning's Tail Risk Just Struck a Saudi Tanker, and Gold Refused to Play Along

July 23, 2026

Canadian and US equities diverged sharply in the same session: the TSX composite closed up 208.96 points on gains in battery metals and…

The Nasdaq Sold Off Before Tesla and Alphabet Even Reported. Then Both Missed.

July 23, 2026

A new Houthi blockade threat near the Bab el-Mandeb Strait is closing the shipping route Saudi Arabia had used to route crude around Strait…

Saudi Arabia's Hormuz Workaround Just Became a Second Chokepoint Risk

July 23, 2026

Market-implied odds of a rate hike at the Federal Reserve's July 29 meeting have fallen from a peak above 46% to under 17% by July 21, per CME FedWatch data.

The Fed Odds Faded. The BoC's September Dilemma Didn't.

July 23, 2026

The Canada Revenue Agency's prescribed interest rate has held at 3% for five consecutive quarters, the lowest sustained level since 2022,…

The Oil Shock Could End the CRA's Cheapest Lending Window in Years

July 23, 2026

The index has climbed toward a record high through eleven straight nights of strikes on Iran, a rally powered narrowly by gold miners and…

The Recency Trap in a War-Driven Rally

July 23, 2026

Every major index gained less Wednesday than it had Tuesday, and the Nasdaq reversed into an outright loss, even though Tuesday's rally and…

Every Major Index Cooled Wednesday Except Gold

July 22, 2026

Commodities led Wednesday's cross-asset moves after President Trump dismissed near-term Iran negotiations and warned of possible strikes on…

Oil and Gold Jump as Iran Tensions Escalate Wednesday

July 22, 2026

Celestica led all TSX movers Tuesday, jumping 11.1% on a broad U.S.

TSX Jumps 1.17% as Gold Miners Lead a Broad Commodity Rally

July 22, 2026

Three new Section 338 proclamations impose a 50% tariff on roughly $20 billion of Canadian goods, targeting dairy, alcohol, and select…

The Tariffs That Missed Energy, Potash, and Critical Minerals

July 22, 2026

The Bank of Canada held its overnight rate at 2.25% for a sixth consecutive decision, even as Canada's inflation cooled to 2.8% in June…

Canada's Inflation Cooled to 2.8%. The Bank of Canada Got More Hawkish Anyway.

July 22, 2026

The best insured five-year fixed mortgage rate climbed to 3.99% this week, up from 3.94% just five days earlier, even as the Bank of Canada…

Why Fixed Mortgage Rates Are Rising While the Bank of Canada Holds

July 22, 2026

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

All five of Canada's largest banks fell in tandem Monday, a rare instance of sector-wide alignment tied to the week's bond yield reaction.

A Kazakhstan Pipeline Strike, Not Hormuz, Just Broke Gold's Monthlong Anchor

July 21, 2026

Every major asset traded higher Tuesday after a strike on the Caspian Pipeline Consortium terminal disrupted exports from Kazakhstan, one of the world's largest crude suppliers.

A Kazakhstan Pipeline Strike, Not Hormuz, Just Broke Gold's Monthlong Anchor

July 21, 2026

The S&P/TSX Composite closed Monday at 34,960, down 0.86%, in a session split sharply along sector lines.

TSX Banks Fell Up to 2.6% Monday. Oil Is Already Giving Back Its Gains Tuesday

July 21, 2026

WTI crude eased slightly Tuesday after Iran's Foreign Ministry signalled that international mediators had proposed easing tensions with…

Saudi Arabia's Hormuz Workaround Now Has a Chokepoint Risk of Its Own

July 21, 2026

The Bank of Canada has held its overnight rate at 2.25% for six consecutive decisions, the endpoint of a cutting cycle that began in June 2024.

Fed Hike Odds Jumped to 80% in a Week. The Bank of Canada's Math Has Not Changed

July 21, 2026

The Canada Revenue Agency's prescribed interest rate has held at 3% for five straight quarters, its longest stable stretch since 2020 and 2021.

The Prescribed Rate Has Not Moved in Five Quarters. That May Not Last Through Budget 2026

July 21, 2026