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TSX Falls to 2-Month Low as Gold Sinks and U.S. Yields Hit 19-Year High

  Tuesday, September 29, 2026 · Figures as of early morning ET · Canadian Money Brief Canada's main stock index finished Monday at its lowest level since July 31 as a sharp gold sell-off dragged down miners and U.S. bond yields climbed to fresh multi-year highs. Oil edged up after Washington rejected Iran's latest ceasefire terms, and a U.S. ban on many Canadian alcohol, dairy and motorcycle imports took effect at 12:01 a.m. ET today. Here is your full global recap. Key Takeaways TSX: down 311.03 points (−0.87%) to 35,489.86 , the lowest close since July 31; materials fell 3.7%. Gold: December futures dropped 3.5% to $4,168.40, a seven-week low; silver lost 4.8%. Yields: the U.S. 10-year ended near 5.24%, a 19-year high; Canada's 10-year touched 4.017%, the highest since October 2023. Loonie: USD/CAD near 1.418 (about 70.5 US cents), its weakest in roughly 10 weeks. Today: Canada's July GDP arrives at 8:30 a.m. ET. Canada: TSX Slides to a Two-Month Low The S&P/...
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Canadian Rent Market Cools: Average Asking Rent Hits 18-Month Low

Canada’s rental market is showing signs of relief for tenants as average asking rents fell to $2,100 in January 2025—an 18‐month low that represents a 4.4% year-over-year decline.

This marks the fourth consecutive month of annual decreases following 38 straight months of rising rents, indicating a potential turning point in the market.

The drop was most pronounced in the secondary rental market, with condo apartments decreasing by 6.5% and houses and townhomes by 8.9%, while purpose-built rental apartments experienced a modest decline of just 1.7%.

Urbanation President Shaun Hildebrand attributed the downward trend to heightened economic risks, a slowdown in international population inflows, and multi-decade highs in apartment completions, all of which are contributing to improved affordability for renters.

Regional differences remain notable: Ontario recorded the steepest decline, with apartment rents dropping 5.2% to an average of $2,329, whereas British Columbia—despite a 2.6% decrease—remains the priciest rental market at $2,463.

Despite these declines, current rental prices are still 5.2% higher than they were two years ago and 16.4% above rates from three years ago, underscoring persistent pressures in the market.

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