Trump's rejection of Iran's peace proposal sent WTI back to $98 this afternoon. The morning's Economy Desk established oil as the swing variable in the BoC's June 10 decision. Carney's "fortress North America" offer from Saturday puts Canadian energy on the negotiating table at the exact moment elevated oil is threatening a rate hike. Two frameworks, one sector, opposite implications.

Oil's elevated floor is holding energy names aloft while U.S. equities close at records. The divergence between the two markets tells the story of two very different risk calculations.

Canada shed 18,000 jobs in April, unemployment rose to 6.9%, and oil is caught between a fragile Hormuz ceasefire and UAE supply math. The TSX opened lower.

Canada lost 18,000 jobs and the TSX closed higher. The US added 115,000 jobs and gold hit $4,725. Both things happened today and the tension between them is what advisors need to understand before Monday morning.

Cenovus posted an 83% profit jump. Suncor beat expectations. Both fell roughly 4%. The TSX is opening flat against record highs in the US. The market is not confused. It is pricing a specific future.

The S&P 500 hit a new all-time high today and sold off. Canada’s 5-year bond yield rose on a peace-optimism day when it should have fallen. Held together, these two signals answer the question your mortgage renewal clients will ask tomorrow morning.

S&P 500 +3.6%, Nasdaq +4.7%, Dow +3%. Best weekly gain since November, snapping a five-week losing streak. S&P closed Friday at 6,816.89, Nasdaq at 22,902.89, Dow at 47,916.57.

Five trading days, four narratives. Iran escalation Monday, Tehran's ceasefire rejection Tuesday, the surprise ceasefire Wednesday, oil collapsing below $95, and a Canadian jobs rebound this morning

The TSX closed Thursday at 33,477, down 0.42% on the session as the energy sector unwound while financials caught a bid on the prospect of a more cautious BoC

The TSX closed up 0.5% to roughly 33,500. Financials added another 0.5%, oil fell below $95, and Canadian energy names rallied anyway. CNQ +1%, Suncor +0.6%

The market's biggest single-day surge in months followed a ceasefire that still hasn't actually opened the Strait of Hormuz. The psychology of relief is one of the most well-documented sources of inve

The TSX closed up 383 points at 33,620 on Wednesday -- a broad relief rally driven by the US-Iran ceasefire announcement. The S&P 500 gained 2.52%, the Dow added 1,329 points, and the Nasdaq rose 2.82

The S&P 500 closed up for a seventh straight session, the longest streak since October 2025 -- on a day WTI crude rose roughly 6% back toward $100, software shares sold off inside the rally, and Iran

The ceasefire produced an immediate relief rally: S&P 500 futures up 2.7%, Nasdaq futures up 3.5%, oil down 14-16% overnight after Trump announced the two-week Islamabad Accords late Tuesday

Trump has set an 8 PM ET deadline tonight for Iran to reopen the Strait of Hormuz or face strikes on its power plants and bridges -- the third deadline he has issued and extended since the conflict be

WTI crude is trading near $112 per barrel -- up roughly 66% since the Iran conflict began February 28. Canadian energy producers Suncor, CNQ, and Cenovus have posted historic cash flow generation at t