BOC VS FED POLICY RATE 2.25% / 3.625% 137 BPS GAP MONTHLY  |  JAN 2025 TO AUG 2026

Source: Bank of Canada rate announcements; Federal Reserve FOMC decisions via Forbes Advisor and Finder.com, 2025-2026.  |  hdq.ca

CANADA: JUNE 2026 TRADE BY CATEGORY $3.9B ▲ SURPLUS MONTHLY  |  JUNE 2026

Source: Statistics Canada, The Daily, June 2026 merchandise trade.  |  hdq.ca

MAY 2026 REAL GDP BY INDUSTRY, MONTH OVER MONTH +0.3% ▲ 13 OF 20 INDUSTRIES MONTHLY  |  RELEASED JULY 31, 2026

Source: Statistics Canada, gross domestic product by industry, May 2026, released July 31, 2026; TD Economics summary.  |  hdq.ca

CANADA: MONTHLY REAL GDP, MoM +0.2% ▲ JUNE (ADVANCE) MONTHLY  |  JUL 2025 TO JUN 2026

Source: Statistics Canada, Gross Domestic Product by Industry, monthly releases through August 4, 2026. June figure is StatCan's advance estimate.  |  hdq.ca

BOC OVERNIGHT RATE VS FED TARGET BAND 2.25% SIXTH HOLD PER MEETING  |  SEP 2025 TO JUL 2026

Source: Bank of Canada policy announcements, US Federal Reserve FOMC statements.  |  hdq.ca

SEPTEMBER FED MEETING, IMPLIED ODDS 67% ▲ +11PP HIKE PROBABILITY  |  JUL 29 TO JUL 30

Source: TradingEconomics, CME Group FedWatch-derived market pricing, July 29 to July 30, 2026.  |  hdq.ca

CME FEDWATCH HIKE ODDS 80% ▲ STEADY DAILY  |  JUL 15 TO JUL 29 2026

Source: CME FedWatch data as reported by TradingEconomics, TechTimes, Prediction Authority and Kiplinger, July 2026.  |  hdq.ca

FED JULY HIKE ODDS vs. WTI CRUDE 36% implied odds for Wednesday CME FedWatch  |  Jul 15 to Jul 28, 2026

Source: CME FedWatch via CBS News, HNGN, TheStreet, TradingKey. Trading Economics, WTI daily data.  |  hdq.ca

CANADA CPI TRIM, CORE INFLATION 1.8% ▼ 5 year low Monthly  |  Jan to Jun 2026

Source: Statistics Canada, Consumer Price Index June 2026 release, table 18-10-0004-01.  |  hdq.ca

CANADA CPI, YEAR OVER YEAR 2.8% ▲ down from May's 3.2% Monthly  |  Jul 2025 to Jun 2026

Source: Statistics Canada, The Daily, Consumer Price Index releases, Jul 2025 to Jul 2026.  |  hdq.ca

FED — JULY 29 HIKE PROBABILITY 16.6% ▼ FROM 46.5% PEAK CME FEDWATCH  |  JUL 2 TO JUL 21, 2026

Source: CME FedWatch, cited via CNBC and Chase, Jul 2 to Jul 21 2026.  |  hdq.ca

BOC OVERNIGHT RATE: DECISION HISTORY 2.25% HELD PER DECISION  |  JAN 2025 TO JUL 2026

Source: Bank of Canada rate decisions, Jan 2025 to Jul 2026.  |  hdq.ca

BOC — OVERNIGHT TARGET RATE 2.25% ▶ UNCHANGED PER DECISION  |  JUN 2024 TO JUL 2026

Source: Bank of Canada, fixed announcement date press releases, June 2024 to July 2026.  |  hdq.ca

WTI CRUDE : BoC ASSUMPTION $83.48 ▲ +2.1% DAILY  |  JUN 22 TO JUL 20

Source: Investing.com, Trading Economics; Bank of Canada Monetary Policy Report, July 15, 2026.  |  hdq.ca

CANADA CPI: 12-MONTH PERCENTAGE CHANGE 3.2% ▲ May 2026, vs 2.8% April Monthly  |  Jun 2025 to May 2026

Source: Statistics Canada, Consumer Price Index, The Daily, monthly releases Jun 2025 to May 2026.  |  hdq.ca

US CPI YEAR OVER YEAR 3.5% ▼ FROM 4.2% PEAK MONTHLY  |  JUN 2025 TO JUN 2026

Source: US Bureau of Labor Statistics Consumer Price Index, June 2026 release.  |  hdq.ca

WTI: CRUDE OIL FRONT MONTH $79.75 ▲ 16.4% SINCE JULY 6 LOW DAILY  |  JUN 15 TO JUL 15 2026

Source: Investing.com daily close data, June 15 to July 15 2026.  |  hdq.ca

US CPI: HEADLINE VS CORE 3.5% ▼ FROM 4.2% MONTHLY  |  DEC 2025 TO JUN 2026

Source: US Bureau of Labor Statistics, Consumer Price Index news releases, December 2025 to June 2026.  |  hdq.ca

FOMC JUNE 2026 | INDIVIDUAL RATE PATH PREFERENCE 9 of 12 ▲ FAVOUR HIKES JUNE 16 TO 17 MEETING  |  FIRST WARSH CHAIRED FOMC

Source: Federal Reserve FOMC June 2026 meeting minutes; Bank of Canada policy rate schedule, July 2026.  |  hdq.ca

BANK OF CANADA OVERNIGHT RATE 2.25% ■ HOLD X5 8X/YR  |  JAN 2025 TO JUL 2026

Source: Bank of Canada, scheduled policy rate announcements, January 2025 to July 2026.  |  hdq.ca