Podcast
RRSPs vs TFSAs vs FHSAs
Will Simpson and Greg Wise
February 20, 2026.
What to know before the March 2, 2026 deadline.
Markets delivered a strong week across the board, with risk assets grinding higher in a broad-based move. In Canada, the TSX rose 2%, led by tech up 9%, with solid contributions from Industrials and Materials as well. South of the border, gains were similarly firm, with the Nasdaq up 1.9%, the S&P 500 up 1.5%. Outside of N.A., Europe was up 2.2%. In short, it was one of those weeks where participation was healthy and broad based.
On the policy front, the U.S. Supreme Court struck down the Administration’s emergency tariffs under IEEPA in a 6-to-3 decision. Markets largely took it in stride, reflecting how much tariff fatigue has set in and how investors have grown accustomed to policy headlines coming and going. Even after the ruling, President Trump floated the idea of a 10% global tariff, so who knows what will happen.
The bigger geopolitical question is Iran, where the Administration has set a 10-day deadline tied to escalating tensions over its nuclear program and regional activity. Whether that translates into military action is far more consequential for energy markets and global risk sentiment than the latest tariff volley.
Back home, Canadian inflation continued to cool, with headline CPI at 2.3% and core median holding at 2.5%. On the earnings front, about halfway through the TSX for the quarter, we have sales growth of roughly 7% and earnings growth north of 25%, with Materials doing much of the heavy lifting so far.
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