Family income-splitting loans locked in now keep their rate for life, even as Government of Canada yields climb toward levels that could push the prescribed rate higher as soon as January.

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.

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.

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.

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.

Canada's 10-year yield eased to 3.65% from a 26-month high as trade war escalation overrode a 75,000-job July gain in shaping expectations ahead of the Bank of Canada's September 2 decision.

Ottawa's new support package extends the Large Enterprise Tariff Loan facility to 36 months and 15-year terms, lowers BDC eligibility to $1 million in revenue, and adds non-repayable contributions ahead of September 8's retaliatory tariffs.

The TSX closed at a record Tuesday as the VIX held its August range, even through a confirmed tariff escalation and a fresh Iran sanctions round. Anchoring bias, not calm judgment, explains why.

The TSX Composite closed positive Monday even though decliners outnumbered advancers. Three gold miners masked the gap while Linamar, Magna and BRP absorbed the week's clearest trade war losses.

Bond markets price next Wednesday's Bank of Canada decision as a near certainty. The consequential rate event is three days earlier, when Fed Chair Kevin Warsh delivers his first Jackson Hole keynote.

Friday's TSX gain was narrower than the headline number suggested. This morning's currency move is the cleaner signal for how seriously markets are taking the trade dispute.

The Treasury unveils its sanctions package today. The chain that actually matters runs through Beijing, not Tehran, and the market is already pricing that in.

GDP, jobs, and inflation all point toward tightening. Two unresolved events landing within days of the September 2 decision explain why the Bank moves last, not first.

Ottawa has named the sectors and the date for Canada's retaliatory tariffs. For corporate clients in those sectors, the planning window that matters closes first.