Current Economics
Today's Market Brief — July 24, 2026
A plain-language snapshot of Canadian and global markets, reviewed before publishing.
Published 2026-07-24 · Educational information only
Markets Overview
U.S. and Canadian markets were mixed. The S&P 500 and Dow edged higher while the Nasdaq slipped on tech capital-spending concerns; the TSX Composite outperformed with a modest gain.
Canadian Equities (TSX)
The S&P/TSX Composite closed near 35,369, up about 0.5% on the day.
U.S. Equities (S&P 500, Dow, Nasdaq)
The S&P 500 closed near 7,412 (+0.05%) and the Dow near 51,947 (+0.46%), while the Nasdaq slipped to about 24,976 (-0.64%) as investors weighed heavy tech capital-spending plans.
Bond Yields & Interest Rates
The U.S. 10-year Treasury yield has climbed toward its highest level since early 2025, recently trading near 4.67%–4.70%, with trade-policy and tariff concerns cited as a driver over the past several sessions.
Bank of Canada & Central Banks
The Bank of Canada held its policy rate at 2.25% on July 15, 2026 — its sixth consecutive hold — citing improving growth and gradually easing inflation alongside ongoing trade and geopolitical risks. The next scheduled decision is September 2, 2026.
Canadian Dollar (CAD/USD)
The loonie was little changed, trading around 0.7104 versus the U.S. dollar.
Commodities (Oil & Gold)
Gold traded near US$4,063 an ounce (+0.32%), while crude oil eased to around US$89 a barrel, pulling back after recent strength.
Inflation & Economic Data
Canada's June CPI report, released July 20, showed annual inflation cooling to 2.8%, down from 3.2% in May, with core measures also easing. The next CPI release is expected August 17.
Global Markets Snapshot
European and Asian markets have traded mixed to modestly higher in recent sessions, with European benchmarks near multi-month highs and Asian indices swinging on tech and energy-price sentiment.
What This Means
Day-to-day market moves are normal and are not a reason to change a long-term plan on their own. If today's news raises questions about your own portfolio, protection, or goals, that is a good reason to book a 30-minute session rather than react alone.
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Market and economic figures, headlines, and commentary on this page are gathered from third-party news outlets, financial data providers, and other public resources; we do not create or verify this underlying data ourselves. While updates are reviewed before publishing, third-party sources can be delayed, incomplete, corrected after the fact, or simply out of date by the time you read this, and market conditions can change within minutes. We make no warranty as to the accuracy, completeness, timeliness, or reliability of any information sourced from third parties, and we are not liable for any loss or decision made in reliance on it, including losses arising from outdated, inaccurate, or compromised third-party data. This page is for general education only and is not personalized financial, investment, tax, or legal advice — speak with a qualified advisor before acting on anything you read here.
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