The Government of Canada five-year yield has climbed nearly half a point since late August. August CPI shows why the Bank of Canada cannot simply celebrate a flat headline number.

RRSP room jumped to $33,810 for 2026, but the more time-sensitive number is the CRA prescribed rate, still at 3 percent while the yields that set it keep climbing.

AAII bearish sentiment hit a sixteen-month high the same week the VIX eased back toward its own average. The gap is a live case study in availability bias.

The Fed raised its policy rate for the first time since 2023 while the Bank of Canada held and floated cuts, yet Canadian bond yields kept climbing regardless of which way the Bank leans.

Thursday's Fed relief rally reversed within one session, and the asset that should have fallen alongside rising bond yields did the opposite instead.

All four major North American indices closed higher Thursday as Treasury yields retreated from a 19 year high, but the size of the move split cleanly along a line that matters for Canadian portfolios.

Trump says the Iran war may be nearing an end even as a new front opens between Saudi Arabia and the Houthis, with a damaged pipeline threatening 4 percent of global oil supply. For Canadian portfolios, the mechanism runs in two directions at once.

Seven consecutive holds at 2.25 percent look increasingly conservative next to a Federal Reserve that just raised its policy rate for the first time since 2023, and it is arriving while Canadian inflation is stuck at 3.0 percent.

The annual limit has sat at $7,000 for three straight years. Inflation data through August points to a $500 increase taking effect in January, a change advisors can already build into year end planning conversations.