The Daily Canuck 10.07.2026

Research evidence excerpt

The Daily Canuck 10.07.2026

Canada | Financials EquityJulyResearch10, 2026

Figure 1 - The CSCE Indicator RemainsThe Daily Canuck 10.07.2026

Subdued

Contributions to the CSCE indicator, average of

Japan is exploring Canadian oil as Middle East disruptions push diversification, indexes

with new pipelines seen as key but refining challenges remain. Meanwhile,

Carney is rebuilding Saudi ties to diversify trade beyond the U.S., arguing

engagement can deliver economic and strategic benefits despite past disputes.

Separately, most Canadian households face negative savings as spending

outpaces income, driven by debt and services costs.

What you need to know: . Source: Bank of Canada; Jefferies.

The Canadian Survey of Consumer Expectations (CSCE)

On Monday, the Bank of Canada published its Q2-26 Canadian Survey of Consumer indicatoropinions aboutis a summarytheir spendingmeasureplans,of Canadianthe labourconsumers'market and• their personal finances. Positive (negative) values indicate

Expectations. The report shows that affordability concerns keep consumer sentiment weak, that consumers' opinions are positive (negative) compared

with tariffs and the Middle East conflict weighing on outlooks. Households expect the conflict with the survey average.

to hurt the economy and potentially raise inflation, prompting slightly reduced spending plans.

However, job security concerns have eased, leading to modest improvement in labour market

sentiment.

Statistics Canada will release June Labor data today.•

Headlines

‘Enormous potential’: Japan looks to new Canadian oil pipeline as Middle East supply crunch

drags on (CTV News) Yesterday, CTV News reported that Japan is seeking to diversify oil imports

away from the Middle East amid supply uncertainty caused by regional conflict.