Finally, some cooler temperatures here in Toronto. It’s been a grueling past while of hot and muggy weather, but finally, a day under 25 degrees. In fact, temperatures are actually below average today, and are expected to pop back up above normal this weekend, but then dip down to about normal afterwards.

Something we haven’t seen in a long time from NOAA’s temperature outlooks: a likelihood of temperatures being below normal! At least for the 6-10 day outlook. The likelihood is much weaker in the 8-16 day outlook.

Not much NYMEX volatility today, gas futures settled down a few cents from September 2025 until April 2026, the front month settling at $2.89 US/mm.