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Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
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Canadian stocks edge higher as oil prices lift energy sector, U.S. markets soar to new highs

 

The S&P/TSX composite index closed up 18.82 points, or 0.09 per cent, at 20,173.35 on Friday, as energy stocks gained 1.6 per cent on higher oil prices. The Canadian dollar traded for 79.69 cents US compared with 79.52 cents US on Thursday.

Meanwhile, U.S. markets rallied to record levels, boosted by strong earnings reports and economic data. The Dow Jones industrial average rose 448.23 points, or 1.3 per cent, to 35,061.55, the S&P 500 index added 48.73 points, or 1.1 per cent, to 4,411.79 and the Nasdaq composite increased 142.13 points, or 0.9 per cent, to 14,836.99.

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