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TSX Sags to 8-Week Low as Yields Surge and Oil Slides — Sept 30, 2026

  Wall Street, Bay Street and the bond market all spent Tuesday waiting on inflation. The S&P/TSX Composite slipped to about an eight-week low, U.S. Treasury yields pushed to multi-decade highs, and a sharp drop in oil prices weighed on energy stocks while easing some inflation worries. Today brings the Fed's favourite inflation gauge, and it could decide whether October brings another rate hike. The Big Picture U.S. consumer confidence sank to its lowest level since 2014, the loonie sits near a 12-week low, and markets are split on whether the Fed hikes again on Oct. 28. Today's PCE report at 8:30 a.m. ET is the next big test. Canada: TSX Drifts Lower, GDP Stalls Index Close Change Notes S&P/TSX Composite 35,460.27 -0.08% -29.59 pts (unofficial close); about 4.3% below the August record of 37,069.11 TSX Venture 887.30 -0.78% -6.94 pts The TSX gave up another 29.59 points on Tuesday after Monday's 311-point (0.87%) slide, which had already taken it to its lowest cl...
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Market Momentum Continues Post-Fed Meeting

 

The financial markets have maintained their upward trajectory following the recent Federal Reserve meeting. Investors have been encouraged by the Fed’s signals of a potential pivot in monetary policy, leading to a rally in both shares and bonds.

  • Global Gains: The MSCI world share index is on track for its seventh consecutive week of gains, a streak not seen in six years. European and Asian markets have also seen significant rises.
  • Fed’s Dovish Stance: The Fed’s dovish outlook, coupled with Chair Jerome Powell’s remarks on the end of tightening measures, has fueled optimism. Markets are now pricing in substantial rate cuts for the coming year.
  • Bond Market Rally: The 10-year Treasury yield has dipped below 4%, with a notable weekly decline, reflecting the largest drop since the early pandemic days in March 2020.
  • Mixed Economic Signals: Despite positive market movements, preliminary PMI data indicates continued challenges in the euro zone economy, potentially questioning the ECB’s current stance.

This sustained market performance highlights investor confidence in the face of changing central bank policies and varied economic indicators.

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