A GDP beat erased the recession debate and bank earnings set a record Tuesday. Neither survived contact with Kevin Warsh's first Jackson Hole speech.

Statistics Canada delivered the strongest quarterly growth number in three years this morning. By afternoon the TSX was down anyway, tracking gold and the loonie lower on new Fed Chair Kevin Warsh's first Jackson Hole speech, while Wall Street read the same remarks and rallied.

The TSX fell for a second session Thursday, giving back part of Tuesday's record close as a rebound in oil revived inflation concerns even as most big banks beat estimates.

Constructive Oman-Iran talks pushed oil to a one-month low this week. A new US-Iran exchange over sanctions erased the move within two days.

Statistics Canada releases second quarter GDP this morning, but the Bank of Canada's September 2 decision was already close to locked in before the data arrived.

The federal relief package announced this week interacts directly with the retaliatory tariffs taking effect September 8, and CCPC clients in exposed sectors have decisions to make before then.

Anchoring bias explains why this week's strongest bank earnings produced some of the weakest stock reactions.

A cross-desk read of Thursday’s close shows Canada’s currency reacting to Ottawa’s tariff fight with Washington, not to the easing Strait of Hormuz premium that pulled crude lower.

The TSX pulled back from Tuesday's record close as gold miners sold off, but three more bank beats this morning are keeping the index propped up against a backdrop of tariff retaliation and a hot U.S. inflation print.

WTI peaked near $87 on August 21 and has fallen more than six percent since, even as the U.S. sanctions campaign against Iran grew tougher. The market is pricing military risk and economic risk very differently.

Canada's benchmark yield touched a two-year high, retreated, and climbed back on Wednesday's inflation data. The path says more about the Fed than about the Bank of Canada's own case for holding.

Ottawa's retaliatory tariffs take effect September 8 on roughly 700 U.S. products. For incorporated clients importing affected goods, the planning window is now under two weeks.

Three of Canada's Big Six banks posted double-digit profit growth this week. Only one of them was punished for it, and the pattern says more about investor psychology than about credit quality.

A hot US inflation print undid four sessions of declining Government of Canada yields within hours, while equity volatility barely moved and two unrelated good-news stories pulled the TSX in different directions at once.

Scotiabank's record quarter and BMO's 22% earnings growth carried the TSX composite to 36,957.63. Energy fell the same session as oil dropped for a third straight day, a split that matters more than the headline for concentrated portfolios.

WTI has fallen for three straight sessions since Washington's sweeping new Iran sanctions, because the sanctions spared Iran's trading partners and a parallel Hormuz corridor deal is progressing. Canadian energy and inflation now cut in opposite directions.