What drives Canada's economy?
A resource-heavy economy tied to oil prices, the US dollar, and household debt. Each row traces a chain of real events that moved employment, currency, GDP, and rates in Canada.
What's driving markets right now — the full picture, every 3 days. Fast, free.
Sign upMAY 1 – MAY 31, 2026
MAY 21
🇮🇷 Military Strike
2026-05-20
🌍 Oil Price Rise
2026-05-20
The Iran conflict raises fuel costs, which increases production costs for rice, pushing prices up.
🌍 INFLATION ▲
2026-05-21
Higher oil prices increase production and transport costs, leading to higher overall prices.
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🌍INFLATION ▲
MAY 20
🇮🇷 Military Strike
2026-05-15
🌍 Oil Price Rise
2026-05-15
The Iran war and Trump's remark disrupted oil supply, pushing prices higher.
🌍 Inflation Concern
2026-05-18
Higher oil prices increase production costs, fueling inflation concerns.
🌍 TREASURY YIELD ▲
2026-05-20
Inflation concerns make bonds less attractive, pushing yields up.
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🌍TREASURY YIELD ▲
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MAY 19
🇮🇷 Military Strike
2026-05-18
🌍 Energy Price Rise
2026-05-18
Initial attacks in the Iran war drove oil and gas prices sharply higher.
🌍 Inflation Rise
2026-05-18
Energy price shock from Middle East raises costs, pushing overall inflation higher.
🌍 GDP ▼
2026-05-19
Inflation raises costs, reducing spending and investment, which slows economic growth.
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🌍GDP ▼
🇨🇦 Gasoline Price Rise
2026-05-19
🇨🇦 INFLATION ▲
2026-05-19
Higher gasoline prices increased costs, pushing Canada's inflation rate up.
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🇨🇦INFLATION ▲
🇮🇷 Conflict Escalation
2026-05-11
🌍 Energy Price Rise
2026-05-11
Conflict escalation disrupts oil supply, raising energy prices globally.
🇺🇸 Inflation Rise
2026-05-15
Higher energy costs increase production and transportation expenses, pushing up overall prices.
🇺🇸 Treasury Yield Rise
2026-05-19
Higher inflation expectations lead investors to demand higher yields on bonds.
🇨🇦 TREASURY YIELD ▲
2026-05-19
US bond selloff pushed yields higher, which spread to Canadian bond markets.
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🇨🇦TREASURY YIELD ▲
🇮🇷 Military Strike
2026-05-15
🌍 Oil Price Rise
2026-05-15
The Iran war and Trump's remark disrupted oil supply, pushing prices higher.
🌍 INFLATION ▲
2026-05-19
Soaring oil prices increase production costs, leading to higher inflation.
🌍 Economic Growth Decline
2026-05-19
Inflation raises costs, reducing spending and investment, which slows economic growth.
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🌍INFLATION ▲
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MAY 18
🕌 Energy Export Suspension
2026-05-18
🌍 TREASURY YIELD ▲
2026-05-18
Suspension of energy exports from the Middle East pushes bond yields higher.
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🌍TREASURY YIELD ▲
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🇮🇷 Military Strike
2026-05-18
🌍 GDP ▼
2026-05-18
The Iran war disrupts oil supply, raising costs and dampening global economic growth.
↓
🌍GDP ▼
🇮🇷 Military Strike
2026-05-18
🌍 Energy Price Rise
2026-05-18
Initial attacks in the Iran war drove oil and gas prices sharply higher.
🌍 INFLATION ▲
2026-05-18
Energy price shock from Middle East raises costs, pushing overall inflation higher.
🌍 Monetary Policy Tightening Expectation Rise
2026-05-18
Persistent inflation pressures limit central banks' ability to ease policy, keeping rates high.
↓
🌍INFLATION ▲
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MAY 17
🕌 Energy Price Rise
2026-05-17
🌍 INFLATION ▲
2026-05-17
Middle East energy price shock is feeding into broader inflation pressures.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
🌍 Copper Price Decline
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
↓
🌍INFLATION ▲
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MAY 15
🇮🇷 Military Strike
2026-05-15
🌍 Oil Price Rise
2026-05-15
The Iran war and Trump's remark disrupted oil supply, pushing prices higher.
🇨🇦 TREASURY YIELD ▲
2026-05-15
Rising oil prices raised inflation fears, pushing bond yields higher.
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🇨🇦TREASURY YIELD ▲
MAY 14
🇮🇷 Military Standoff
2026-05-14
🌍 INFLATION ▲
2026-05-14
The standoff keeps the Strait of Hormuz closed, raising oil prices and fueling inflation.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
🌍 Copper Price Decline
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
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🌍INFLATION ▲
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MAY 12
🇮🇷 Military Strike
2026-05-12
🌍 Oil Price Rise
2026-05-12
Higher crude oil prices from the Iran war pushed energy costs up, raising inflation.
🌍 INFLATION ▲
2026-05-12
Higher oil prices increase production and transport costs, pushing up overall prices.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
🌍 Copper Price Decline
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
↓
🌍INFLATION ▲
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MAY 11
🇮🇷 Conflict Escalation
2026-05-11
🌍 TREASURY YIELD ▲
2026-05-11
Conflict escalation raises energy prices and bond yields.
🇨🇦 Stock Market Decline
2026-05-15
Higher bond yields reduce the appeal of stocks, especially mining shares, leading to a decline.
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🌍TREASURY YIELD ▲
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MAY 8
🇺🇸 Military Strike
2026-05-05
🌍 Energy Price Rise
2026-05-05
Fresh US-Iran attacks in the Middle East raised uncertainty, keeping energy prices elevated.
🇨🇦 INFLATION ▲
2026-05-08
Higher energy prices increase production and transportation costs, pushing up overall inflation.
↓
🇨🇦INFLATION ▲
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MAY 7
🇺🇸 Military Strike
2026-05-05
🌍 Energy Price Rise
2026-05-05
Fresh US-Iran attacks in the Middle East raised uncertainty, keeping energy prices elevated.
🌍 INFLATION ▲
2026-05-07
Energy price surge from Hormuz closure raises costs, fueling inflation fears.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
🌍 Copper Price Decline
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
↓
🌍INFLATION ▲
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🇺🇸 War De-Escalation
2026-05-06
🌍 Oil Price Decline
2026-05-06
De-escalation reduced supply disruption fears, causing oil prices to ease.
🇨🇦 TREASURY YIELD ▼
2026-05-07
Lower oil prices reduce inflation expectations, leading to lower bond yields.
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🇨🇦TREASURY YIELD ▼
🕌 Conflict
2026-05-07
🌍 INFLATION ▲
2026-05-07
The Middle East conflict raised energy and food prices, increasing inflation globally.
🌍 Inflation Expectation Rise
2026-05-07
Higher inflation fears make central banks more likely to raise interest rates.
🇺🇸 Treasury Yield Rise
2026-05-12
Higher oil prices from conflict increase inflation risks, leading to expectations of higher interest rates.
🌍 Gold Price Decline
2026-05-17
Higher Treasury yields make gold less attractive as an alternative investment, reducing demand.
🇨🇦 Mining Stock Decline
2026-05-19
Falling gold prices reduce mining company revenues, causing their stocks to decline.
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🌍INFLATION ▲
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MAY 5
🕌 War De-Escalation
2026-05-05
🌍 Oil Price Decline
2026-05-05
De-escalation reduces oil supply disruption fears, pushing oil prices lower.
🇨🇦 INFLATION ▼
2026-05-05
Lower oil prices reduce energy costs, easing inflationary pressures.
🇨🇦 Stock Index Rise
2026-05-05
Lower oil prices eased inflation concerns, boosting bank stocks and the broader index.
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🇨🇦INFLATION ▼
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🇺🇸 Peace Proposal Rejection
2026-04-30
🇮🇷 Geopolitical Tension Rise
2026-04-30
US rejection of Iran's peace proposal escalates tensions, raising geopolitical risks.
🇨🇦 EXPORTS ▲
2026-05-05
Uncertainty from Iran conflict boosted demand for Canadian metals and energy, raising exports.
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🇨🇦EXPORTS ▲
🌍 Shipping Disruption
2026-05-05
🌍 INFLATION ▲
2026-05-05
Shipping disruptions raise costs and keep energy prices high, fueling inflation.
🌍 Inflation Expectation Rise
2026-05-07
Higher inflation fears make central banks more likely to raise interest rates.
🇺🇸 Treasury Yield Rise
2026-05-12
Higher oil prices from conflict increase inflation risks, leading to expectations of higher interest rates.
🌍 Gold Price Decline
2026-05-17
Higher Treasury yields make gold less attractive as an alternative investment, reducing demand.
🇨🇦 Mining Stock Decline
2026-05-19
Falling gold prices reduce mining company revenues, causing their stocks to decline.
↓
🌍INFLATION ▲
↓
🇮🇷 Military Strike
2026-05-05
🌍 INFLATION ▲
2026-05-05
Fresh US-Iran attacks raise energy prices, fueling inflation concerns globally.
🌍 Interest Rate Rise Expectation
2026-05-18
Higher oil prices raise inflation, leading to expectations of interest rate hikes.
🌍 Copper Price Decline
2026-05-18
Higher interest rates are expected to slow economic growth, reducing demand for industrial metals like copper.
↓
🌍INFLATION ▲
↓
🇮🇷 Military Strike
2026-05-05
🌍 DEMAND ▼
2026-05-05
The military strike raises concerns that could reduce manufacturing output and demand for copper.
↓
🌍DEMAND ▼
🇮🇷 Military Strike
2026-05-05
🌍 Oil Price Rise
2026-05-05
Iran's military strikes raised fears of supply disruptions, pushing oil prices higher.
🌍 INFLATION ▲
2026-05-05
Higher oil prices increase production and transportation costs, leading to higher consumer prices.
🌍 Monetary Policy Tightening Expectation Rise
2026-05-18
Persistent inflation pressures limit central banks' ability to ease policy, keeping rates high.
↓
🌍INFLATION ▲
↓
🇺🇸 Military Strike
2026-05-05
🌍 Energy Price Rise
2026-05-05
Fresh US-Iran attacks in the Middle East raised uncertainty, keeping energy prices elevated.
🌍 INFLATION ▲
2026-05-05
Rising energy costs increase production and transportation expenses, pushing overall prices higher.
🌍 Economic Growth Decline
2026-05-19
Inflation raises costs, reducing spending and investment, which slows economic growth.
↓
🌍INFLATION ▲
↓
MAY 4
🇮🇷 Military Strike
2026-05-04
🌍 Energy Price Rise
2026-05-04
Missile strikes in the Middle East disrupt oil supply, pushing energy prices higher.
🇨🇦 INFLATION ▲
2026-05-04
Higher energy prices increase production and transport costs, pushing up consumer prices.
↓
🇨🇦INFLATION ▲
🇮🇷 Military Strike
2026-05-04
🌍 Oil Price Rise
2026-05-04
Military strike threats in Iran disrupt oil supply, pushing prices higher.
🌍 INFLATION ▲
2026-05-04
Higher oil prices increase production and transportation costs, which can lead to higher overall prices.
🌍 Inflation Expectation Rise
2026-05-04
Higher inflation leads to expectations that central banks will raise interest rates to control it.
🌍 Gold Price Decline
2026-05-04
Fear of higher interest rates makes gold less attractive as it pays no yield.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
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🌍INFLATION ▲
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MAY 1
🇮🇷 Military Strike
2026-04-26
🌍 Energy Supply Disruption
2026-04-26
Military strike disrupts oil supply through Strait of Hormuz closure.
🌍 INFLATION ▲
2026-05-01
Energy supply disruption raises costs, leading to higher inflation expectations.
🌍 Inflation Expectation Rise
2026-05-04
Higher inflation leads to expectations that central banks will raise interest rates to control it.
🌍 Gold Price Decline
2026-05-04
Fear of higher interest rates makes gold less attractive as it pays no yield.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
↓
🌍INFLATION ▲
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APR 1 – APR 30, 2026
APR 30
🇮🇷 Military Strike
2026-04-29
🌍 Energy Price Rise
2026-04-29
War with Iran disrupted global shipping, causing energy prices to surge.
🇨🇦 GDP ▼
2026-04-30
High energy prices reduced spending, causing Canada's GDP to stall.
↓
🇨🇦GDP ▼
🇨🇦 Gdp Stagnation
2026-04-30
🇨🇦 TREASURY YIELD ▼
2026-04-30
Subdued GDP data reduced expectations for tight policy, lowering bond yields.
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🇨🇦TREASURY YIELD ▼
🇮🇷 Diplomatic Negotiation Progress
2026-04-27
🌍 Oil Price Decline
2026-04-27
The ceasefire proposal reduced fears of supply disruption, causing oil prices to fall.
🇨🇦 TREASURY YIELD ▼
2026-04-30
Lower oil prices reduce inflation expectations, leading to lower bond yields.
↓
🇨🇦TREASURY YIELD ▼
🇺🇸 Military Strike
2026-04-30
🌍 Oil Price Rise
2026-04-30
Fears of US military strike on Iran raise supply disruption risk, pushing oil prices higher.
🌍 INFLATION ▲
2026-04-30
Oil price rise increases production and transport costs, leading to higher overall prices.
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🌍INFLATION ▲
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🇮🇷 Military Strike
2026-04-26
🌍 Energy Supply Disruption
2026-04-26
Military strike disrupts oil supply through Strait of Hormuz closure.
🌍 INFLATION ▲
2026-04-30
Energy supply disruption raises costs, leading to higher inflation expectations.
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🌍INFLATION ▲
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APR 29
🇨🇦 Gasoline Price Rise
2026-04-29
🇨🇦 INFLATION ▲
2026-04-29
Higher gasoline prices increase costs, pushing overall inflation up.
↓
🇨🇦INFLATION ▲
🕌 Conflict Escalation
2026-04-29
🌍 INFLATION ▲
2026-04-29
Conflict in the Middle East raises energy prices, which increases costs and pushes inflation higher.
🌍 Gold Price Decline
2026-04-29
Inflation rise leads to expectations of higher interest rates, which makes non-yielding precious metals less attractive.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
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🌍INFLATION ▲
↓
🇮🇷 Energy Shock
2026-04-29
🌍 INFLATION ▲
2026-04-29
Oil price gains from the Iran war energy shock increase costs, leading to higher global inflation.
🌍 Gold Price Decline
2026-04-29
Inflation rise leads to expectations of higher interest rates, which makes non-yielding precious metals less attractive.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
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🌍INFLATION ▲
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🇺🇸 Peace Talks Stall
2026-04-29
🌍 INFLATION ▲
2026-04-29
Stalled peace talks disrupted oil flows, tightening supply and raising inflation.
🌍 Gold Price Decline
2026-04-29
Inflation rise leads to expectations of higher interest rates, which makes non-yielding precious metals less attractive.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
↓
🌍INFLATION ▲
↓
🇺🇸 Military Strike
2026-04-24
🌍 Energy Price Rise
2026-04-24
Military strike threats and blockades disrupt oil supply, pushing energy prices higher.
🇨🇦 INFLATION ▲
2026-04-29
Higher energy prices increased costs, leading to a surge in inflation.
↓
🇨🇦INFLATION ▲
APR 28
🇮🇷 Peace Talks Stall
2026-04-28
🌍 INFLATION ▲
2026-04-28
Stalled peace talks disrupt oil supply, raising energy costs and fueling inflation.
🌍 Inflation Expectation Rise
2026-04-28
Inflation fears raise the prospect of higher interest rates.
🌍 Gold Price Decline
2026-04-28
Expectations of tighter monetary policy reduce demand for non-yielding assets like platinum, causing prices to fall.
🇨🇦 Mining Stock Decline
2026-04-29
Gold prices edged lower, which pressured mining stocks like Agnico Eagle.
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🌍INFLATION ▲
↓
🇺🇸 Vessel Seizure
2026-04-20
🇮🇷 Military Strike
2026-04-20
The US seized an Iranian vessel, so Iran retaliated with drone strikes.
🌍 Shipping Disruption
2026-04-23
Iran's capture of ships in the Strait of Hormuz disrupts shipping, raising concerns.
🌍 INFLATION ▲
2026-04-28
Closure of Strait of Hormuz threatens oil supply, raising energy costs and pushing inflation higher.
🌍 Gold Price Decline
2026-04-29
Inflation rise leads to expectations of higher interest rates, which makes non-yielding precious metals less attractive.
🇨🇦 Mining Stock Decline
2026-05-04
Gold prices fell, which reduced the value of mining companies' assets and profits.
↓
🌍INFLATION ▲
↓
🇮🇷 Military Strike
2026-04-26
🌍 Energy Supply Disruption
2026-04-26
Military strike disrupts oil supply through Strait of Hormuz closure.
🌍 INFLATION ▲
2026-04-28
Disrupted energy supplies raise costs, pushing overall prices higher.
🌍 Inflation Expectation Rise
2026-04-28
Inflation fears raise the prospect of higher interest rates.
🌍 Gold Price Decline
2026-04-28
Expectations of tighter monetary policy reduce demand for non-yielding assets like platinum, causing prices to fall.
🇨🇦 Mining Stock Decline
2026-04-29
Gold prices edged lower, which pressured mining stocks like Agnico Eagle.
↓
🌍INFLATION ▲
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APR 27
🇺🇸 Vessel Seizure
2026-04-20
🇮🇷 Military Strike
2026-04-20
The US seized an Iranian vessel, so Iran retaliated with drone strikes.
🌍 Oil Price Rise
2026-04-23
The Iran war lifted fuel costs, increasing global fuel prices.
🇨🇦 INFLATION ▲
2026-04-27
Rising oil prices increase production and transportation costs, pushing overall prices higher.
↓
🇨🇦INFLATION ▲
🇮🇷 Military Blockade
2026-04-27
🌍 GDP ▼
2026-04-27
The blockade disrupts oil supply, raising costs and inflation, which slows global economic growth.
↓
🌍GDP ▼
🇺🇸 Military Strike
2026-04-24
🌍 Energy Price Rise
2026-04-24
Military strike threats and blockades disrupt oil supply, pushing energy prices higher.
🌍 INFLATION ▲
2026-04-27
Higher energy prices increase production and transport costs, pushing up overall prices.
🌍 Inflation Expectation Rise
2026-04-27
Higher inflation makes central banks more likely to raise interest rates.
🌍 Gold Price Decline
2026-04-28
Expectations of tighter monetary policy reduce demand for non-yielding assets like platinum, causing prices to fall.
🇨🇦 Mining Stock Decline
2026-04-29
Gold prices edged lower, which pressured mining stocks like Agnico Eagle.
↓
🌍INFLATION ▲
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APR 26
🇮🇷 Military Strike
2026-04-26
🌍 GDP ▼
2026-04-26
The Iran war disrupts oil supply, raising costs and inflation, which hurts global economic growth.
↓
🌍GDP ▼
🇮🇷 Military Strike
2026-04-26
🌍 INFLATION ▲
2026-04-26
The military strike and blockade disrupt oil supply, raising energy costs and causing global inflation.
🌍 Inflation Expectation Rise
2026-04-26
Higher inflation makes central banks more likely to raise rates to control it.
🌍 Gold Price Decline
2026-04-28
Expectations of tighter monetary policy reduce demand for non-yielding assets like platinum, causing prices to fall.
🇨🇦 Mining Stock Decline
2026-04-29
Gold prices edged lower, which pressured mining stocks like Agnico Eagle.
↓
🌍INFLATION ▲
↓
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APR 24
🇺🇸 Military Strike
2026-04-24
🌍 Energy Price Rise
2026-04-24
Military strike threats and blockades disrupt oil supply, pushing energy prices higher.
🌍 GDP ▼
2026-04-24
Higher oil prices increase costs and inflation, slowing economic growth.
↓
🌍GDP ▼
🇺🇸 Military Strike
2026-04-24
🌍 Energy Price Rise
2026-04-24
Military strike threats and blockades disrupt oil supply, pushing energy prices higher.
🌍 TREASURY YIELD ▲
2026-04-24
Higher oil prices raise inflation expectations, which pushes bond yields up.
↓
🌍TREASURY YIELD ▲
APR 23
🇺🇸 Military Strike
2026-04-23
🌍 Energy Price Rise
2026-04-23
Military tensions in the Middle East disrupt oil supply, pushing prices higher.
🇨🇦 TREASURY YIELD ▲
2026-04-23
Higher energy prices raise inflation expectations, prompting the central bank to consider rate hikes, which push bond yields up.
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🇨🇦TREASURY YIELD ▲
APR 21
🇮🇷 Conflict Escalation
2026-04-20
🌍 Energy Supply Disruption
2026-04-20
Renewed military conflict in the Strait of Hormuz has disrupted oil shipments, creating a global shortage.
🌍 INFLATION ▲
2026-04-21
The Middle East conflict has reduced energy supplies, raising costs and pushing up prices globally.
🌍 Inflation Expectation Rise
2026-04-26
Higher inflation makes central banks more likely to raise rates to control it.
🌍 Gold Price Decline
2026-04-28
Expectations of tighter monetary policy reduce demand for non-yielding assets like platinum, causing prices to fall.
🇨🇦 Mining Stock Decline
2026-04-29
Gold prices edged lower, which pressured mining stocks like Agnico Eagle.
↓
🌍INFLATION ▲
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APR 20
🕌 Conflict Escalation
2026-04-20
🇨🇦 Transportation Cost Rise
2026-04-20
Conflict in the Middle East disrupted shipping routes, making it more expensive to move goods.
🇨🇦 INFLATION ▲
2026-04-20
Higher transportation costs from Middle East conflict increased the price of moving goods, raising overall consumer prices.
🇨🇦 Credit Cost Rise
2026-04-20
Higher inflation leads to higher interest rates, which increases the cost of borrowing money.
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🇨🇦INFLATION ▲
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APR 17
🇺🇸 War De-Escalation
2026-04-14
🌍 Oil Price Decline
2026-04-14
Expectations of a ceasefire and possible reopening of the Strait of Hormuz weighed on oil prices.
🌍 TREASURY YIELD ▼
2026-04-17
Lower oil prices reduce inflation fears, making bonds more attractive and pushing yields down.
🇨🇦 Financial Stock Rise
2026-04-17
Lower bond yields make bank stocks more attractive by improving lending margins.
↓
🌍TREASURY YIELD ▼
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