The combined federal-Ontario small business tax rate fell from 12.2% to 11.2% today, but the personal dividend credit that offsets it will not adjust until January 2027. What the six-month gap means for incorporated clients, and who needs to prorate.

A single Iran headline pushed oil up and bond yields up at the same time, splitting the index into a clear winner and a clear group of losers underneath a headline decline of just under one percent.

The CRA's July 1 update raises BC withholding to 6.14% for the rest of 2026, catching up a retroactive provincial rate change that only became law in February. Every other province's payroll tables are unchanged.

WTI's jump to $74.35 lifted Methanex, South Bow, and ARC Resources more than 4% while HudBay Minerals and Energy Fuels fell over 6%, a split that says more about currency and sub-sector mechanics than about the price of oil itself.

A new federal benefit tied to net income joined the OAS clawback on the list of thresholds a retiree's RRSP and RRIF decisions now need to clear.

Energy and materials led Monday's pullback in Toronto while AI-driven buying pushed the Dow to a record close in New York. Tuesday's shipping attack in the Strait of Hormuz has barely moved oil, leaving Canadian energy names to open into the same soft price that pressured them Monday.

The CRA confirmed the family loan rate stays at 3 percent through September, the longest stretch of stability since the 1 percent era ended in 2022. With Government of Canada yields still above 3 percent, the income splitting window has not closed.

The TSX closed in on a record high, but the sector leadership behind the move signals a rate story, not an oil story.

May's 3.2% headline print looks like a problem for the July 15 decision. The core data underneath it argues the opposite.

The metal's June capitulation and its July rebound were driven by the same behavioural pattern, just pointed in opposite directions.

The US economy added 57,000 jobs in June against a 110,000 consensus, and Thursday's market reaction split cleanly along risk lines. The TSX edged higher on gold miner strength while the S&P 500 closed mixed. WTI held near $68.56. The week's defining move was not in equities. It was in the Fed probability strip.

Thursday's 57,000 US payrolls print sent gold above $4,100 and cut Fed hike probability for September nearly in half. The Bank of Canada's July 15 decision was already set before the data landed, and it remains set after. Understanding why is the analytical work Canadian advisors need to do this week.

The composite had to price two American sessions in one open after Canada Day. CNQ fell 3.5%, Suncor 3.2%, while utilities and financials rose more than 1% on the U.S. jobs miss.

US-Iran technical talks in Qatar wrapped Tuesday with Qatar reporting progress on the Islamabad MOU. Oil slid to $67, down 43% from its April war peak, as the toll sovereignty dispute remains open.

Crude has rolled all the way back to pre-war levels even with Hormuz still unresolved, and Canadian energy stocks are absorbing the hit while the broader index holds near record territory.

Five-year fixed renewers from 2021 face the largest payment jump of the cycle, and the geopolitical risk premium is the reason the relief many expected has not arrived.