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Market Impact: 0.75

Oil Shock Meets Asset Price Deflation

Economic DataMarket Technicals & FlowsInvestor Sentiment & Positioning

Canada has recorded zero economic growth over the past five months and zero job growth over the past eight months, indicating stagnant macro and labor conditions. The S&P 500 and Canada's TSX are each down more than 7%, pulling the S&P back to July 2025 levels and the TSX back to December 2025 levels, consistent with a broad risk-off move in equities.

Analysis

Canada has recorded zero economic growth over the past five months and zero job growth over the past eight months, indicating stagnant macro and labor conditions. The S&P 500 and Canada's TSX are each down more than 7%, pulling the S&P back to July 2025 levels and the TSX back to December 2025 levels, consistent with a broad risk-off move in equities.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.60