Canada Macro Daily(Beta Mode)
TSX Rises as CAD Gains on Energy Strength
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P/TSX | 36,759.30 | +0.27% |
| USD/CAD | 1.39 | -0.42% |
| EUR/CAD | 1.61 | -0.05% |
| WTI Crude | 81.71 | +0.57% |
| Natural Gas | 2.75 | +0.84% |
| Gold | 4,414.50 | +1.17% |
| Brent Crude | 87.24 | +0.20% |
| Bitcoin | 62,796.87 | -0.95% |
| Canada 2Y Govt Yield | 2.27% | +1.00% |
| Canada 10Y Govt Yield | 3.42% | -3.43% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Canada 10Y Govt Yield | Type: macro_line | 10Y Yield %: 3.42 (2026-06-01) | Range: 1.263–4.062 | Trend(6pt): 1.263,3.166,3.346,3.01,3.542,3.42 | Short-term Rate %: 2.267 (2026-06-01) | Range: 0.1604–5.026 | Trend(6pt): 0.187,3.741,5.026,2.841,2.245,2.267
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- TSX rose 0.27% amid firmer energy prices and CAD gains.
- USD/CAD fell 0.42% to 1.39 while Canada 10Y yields dropped sharply.
- BoC policy rate held at 2.25% with CPI at 2.80% YoY.
Yesterday's Recap
Canadian markets posted modest gains on August 13 with the S&P/TSX closing at 36,759.30 after advancing 0.27%. The Canadian dollar strengthened notably as USD/CAD declined 0.42% to 1.39 while EUR/CAD eased 0.05% to 1.61. Energy commodities supported the move with WTI crude rising 0.57% to 81.71 and natural gas adding 0.84% to 2.75.
Gold prices surged 1.17% to 4,414.50 reflecting safe-haven demand. Government bond yields showed divergence as the 2Y yield edged up 1.00% to 2.27% while the 10Y yield fell 3.43% to 3.42%. Bitcoin declined 0.95% to 62,796.87.
No major domestic data releases occurred leaving price action driven by commodity flows and global risk sentiment. Brent crude advanced 0.20% to 87.24, reinforcing the positive terms-of-trade backdrop for Canadian energy exporters.
The Day Ahead
Markets enter a quiet period with no scheduled Canadian economic releases or Bank of Canada events through August 15. Attention will likely remain on energy price momentum and cross-border yield differentials. Traders may monitor incoming U.S.
data for indirect effects on CAD crosses and TSX sectors. Corporate earnings from resource names could provide incremental color on production guidance. Positioning ahead of the weekend may keep volumes contained unless global headlines intensify.
The absence of fresh domestic prints keeps focus on commodity price action and any spillover from U.S. inflation trends.
Other Economic Notes
Canada’s CPI at 2.80% YoY continues to anchor expectations around the 2.25% policy rate. Mixed yield moves suggest markets are pricing limited near-term rate pressure while longer-term inflation expectations remain contained. Energy export revenues benefit from WTI and natural gas advances supporting CAD and fiscal balances.
Equity breadth on the TSX remains narrow with gains concentrated in resource names. Broader domestic demand indicators show resilience but lack fresh confirmation amid the data lull. Poland’s stronger-than-expected Q2 growth and Argentina’s policy shift offer indirect support for Canadian commodity demand.
