Washington and Tehran are reportedly within 48 hours of agreeing on a preliminary memorandum of understanding. What it would and would not resolve, and what it means for the oil price in every Canadian portfolio.

The BoC held at 2.25% and said both cuts and hikes remain on the table. That is not a hedge. It is a precise description of the most difficult monetary policy environment in a generation.

Statistics Canada releases April employment data tomorrow. With the BoC holding at 2.25% and a wave of mortgage renewals hitting at rates far above what borrowers locked in, the jobs number matters more than usual.

Oil is dropping 3-4% on Iran peace hopes and equity futures are rising. History says this is the moment investors make their worst moves.

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 Conservative ask is on the table. Federal Conservatives are calling on Ottawa to return some of the excise revenue collected during the Iran oil spike, economists are split on whether a tax cut is

Statistics Canada reported a modest March rebound in the Labour Force Survey released at 8:30 AM this morning, ending a two-month run of job losses to start the year

The surprise ceasefire is now 48 hours old. President Trump announced a two-week ceasefire with Iran on Wednesday, conditional on an immediate and safe reopening of the Strait of Hormuz

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 Bank of Canada holds at 2.25% on April 29 -- near certainty. Markets price the probability of no change at 96.5%. The more consequential question is what the accompanying Monetary Policy Report si

Canada entered the Iran crisis with an already-softening economy. The BoC's March statement noted employment gains from Q4 2025 were largely reversed in the first two months of 2026, with unemployment

A two-week ceasefire is in effect between the US and Iran. It was brokered by Pakistan hours before Trump's threatened deadline, and both sides have claimed victory. Talks begin Saturday in Islamabad,