Government of Canada bond yields just touched a 26-month high, and short-term Treasury bill yields tend to follow. The window to lock a prescribed rate loan at 3% narrows as the Q4 rate-setting auctions approach.

Record first half results and gold ounces sold up 23 percent were not enough to offset a miss on a single consensus figure, the same pattern that hit Barrick two sessions earlier.

Deal-hope optimism sent the TSX to a financials-led record while Canada's 10-year yield spiked to a 26-month high on the same day, pricing the same story two different ways.

Strathcona Resources led an 8.74 percent gain on rising Hormuz-driven crude, while Monday's worst performers fell on unrelated company-specific news.

A tanker attack, a Saudi refinery strike and dueling preconditions have Brent near a five-week high, right as the Bank of Canada heads into its September decision.

A blowout Canadian jobs report and a weak US one are colliding in the bond market, with Wednesday's US inflation print next to referee.

A fifth straight quarter at 3 percent keeps the income-splitting loan strategy open, and the math says a sixth is likely.

A two cent earnings miss overshadowed 50 percent earnings growth, a production beat and a deal that clears the path to an IPO.

WTI and Brent jumped roughly 4 percent as Washington and Tehran each pointed to the naval blockade as the actual obstacle, a sharper claim than either side has made in weeks. Gold barely moved and the Canadian dollar stayed flat, leaving the loonie without the lift its own yield advantage and oil's rally would normally provide.

Gold miners carried the index to 36,381.23 while banks lagged on BoC risk. Monday's early tape already shows oil reclaiming the leadership gold held Friday.

Last week's oil selloff assumed a Hormuz deal was close. Iran's weekend preconditions confirm it is not, and the chain runs straight back to the Bank of Canada's inflation math.

Canada's Q2 GDP and jobs beat argue for BoC firmness. The same morning's US payrolls miss cut September Fed hike odds by half. Same week, opposite direction.

A blowout jobs report moved the five-year bond yield within minutes. The CRA's prescribed rate held for a fifth straight quarter. Advisors need to know which conversation applies to which client.

Friday's gold and oil decoupling was real. Assuming it holds without the Hormuz deal actually closing is the availability heuristic at work.

A blowout Canadian jobs report and a shock US payrolls miss sent the TSX and S&P 500 to record highs this week, pushed gold to a two-month high, and knocked Brent crude down more than 7%, even as the Strait of Hormuz shipping deal stayed stalled in Iran's parliament.

USD/CAD broke to its lowest level since June on today's jobs divergence, but the five-year yield that sets mortgage renewal rates gave back most of its spike by midday, leaving two markets pricing two different stories from the same data.