How are financial markets affecting Canada?

Latest release Daily close, July 10, 2026

The Canadian dollar has weakened over the past month alongside softer oil—USDCAD closed at 1.4146 on July 10, with WTI crude at US$71.51. The S&P/TSX Composite is up 3.4% on the month at 35,305. On the curve, the GoC 2s10s spread has widened to 72 bps over the past month.

Plate 01 WTI oil price

As of July 10, 2026

Oil has held below US$90 for the past month.

2025 2026 60.070.080.090.0100 WTI

WTI crude closed at US$71.51 on July 10, up from US$68.78 a week earlier. Over the past month the contract has traded between US$68.55 and US$84.88.

Source: Yahoo Finance (CL=F) via Sibley Creek.

Plate 02 USDCAD

As of July 10, 2026

USDCAD is trading above the 1.40 line.

2025 2026 1.3601.3801.4001.4201.440 USDCAD

USDCAD closed at 1.4146 on July 10, up from 1.3930 a month earlier. Over the past month the pair has traded between 1.3977 and 1.4234.

Source: Bank of Canada Valet (FXUSDCAD).

Plate 03 S&P/TSX Composite

As of July 10, 2026

The TSX is trading above 35,000.

2025 2026 22.5k25.0k27.5k30.0k32.5k35.0k S&P/TSXComposite

The S&P/TSX Composite closed at 35,305.31 on July 10, up from 35,247.30 a week earlier. Over the past month the index has traded between 34,672 and 35,390.

Source: Yahoo Finance (^GSPTSE) via Sibley Creek.

Plate 04 GoC yield curve

As of July 9, 2026

The GoC curve has steepened over the past month, led by falling short rates.

2025 2026 2.5%2.8%3%3.3%3.5%3.8% 2y GoC 5y GoC 10y GoC

The GoC 2-year closed at 2.80%, the 5-year at 3.12%, and the 10-year at 3.52% on July 9. The 2s10s spread sits at 72 bps.

Source: Bank of Canada Valet (BD.CDN.2YR / 5YR / 10YR).