The composite index closed at 35,933.27 Wednesday, down 402.34 points as base metal shares reversed the same sector gains that drove a 326 point rally Tuesday, while energy names cushioned the decline as oil held near $92.

The volatility index closed near 15 on Wednesday even as the TSX reversed a 326 point Tuesday gain into a 402 point drop, and loss aversion research explains why the quiet headline number is the wrong signal for what clients are feeling.

The TSX Composite closed at 36,228.74 Tuesday, up 0.61 per cent, rebounding sharply from a September 16 low as technology and base metals names offset a sixth straight session of falling oil.

The Federal Reserve raised its policy rate for the first time in over three years on September 16, opening a widening gap with a Bank of Canada that has now held seven consecutive decisions at 2.25 per cent.

The indexation formula behind the annual Tax-Free Savings Account limit has already produced enough built-in inflation to trigger a jump to $7,500 next year, even before the final month of data is confirmed.

The CRA base rate holds at 3 percent for a sixth straight quarter, and the loans set up now lock that rate in for good.

The composite fell 67.61 points Friday to cap a week shaped by the Federal Reserve first rate hike since 2023 and a Hormuz-driven swing in oil. Energy was the sole sector to post a weekly gain among the decliners.

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.

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.

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.

Energy names gained on crude above 100 dollars a barrel, but the broader index still closed lower after the Federal Reserve raised rates for the first time since 2023.

The rate used for income splitting loans has held at 3 percent for six straight quarters, and the Treasury Bill yields that set the next one are already climbing.

The Federal Reserve delivered a quarter-point increase that its own projections had signalled for weeks, yet markets reacted as though it were a surprise.

Energy strength from the Hormuz-driven oil rally is fighting a three-week slide in base metals, financials, and technology, with a near-certain Federal Reserve hike this afternoon adding a fresh cross-current.

The index closed at 35,703.47 on September 14, down from a late-August high of 36,957.63, despite Canadian Natural Resources, Tourmaline and Suncor all posting gains through the same stretch. Technology weakness and a jittery run-up to Wednesday's Fed decision are absorbing more than energy is contributing.