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Yields Surge, TSX Sinks 584 Pts as Oil Rebounds and Iran Diplomacy Stalls

  Thursday, September 24, 2026  Wednesday's session was a rough one coast to coast. The TSX dropped 584 points — its steepest single-day loss in weeks — as surging bond yields, a rebound in oil prices, and a stalemate at the UN General Assembly in US-Iran diplomacy hammered banks, miners, and tech alike. Wall Street also closed in the red, with the 10-year Treasury yield touching 5.11%, its highest level since 2007. For Canadians, the story is a trifecta: higher yields mean costlier mortgages, higher oil means costlier gas (despite the holiday extension), and a weaker loonie near the critical C$1.41 mark means your US spending power is quietly shrinking. 🍁 Canada — TSX Composite Index / Asset Close (Sept 23) Change % Change S&P/TSX Composite 35,751.43 ▼ 584.18 pts ▼ 1.61% TSX — Previous Close 36,335.61 — — 52-Week High 37,069.11 — — 52-Week Low 29,530.92 — — The TSX fell nearly 600 points on Wednesday, its worst session since early August, as a brutal combination of risin...
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Wall Street Closes 12th Winning Week in Last 13 Despite Mixed Finish

 

Wall Street closed its 12th winning week in the last 13 despite a mixed finish on Friday. The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. The Dow Jones Industrial Average rose 0.2% to 36,329.84, while the Nasdaq composite fell 0.5% to 15,965.50. The mixed finish came after a week of strong earnings reports from major companies, including Apple, Microsoft, and Alphabet. The reports helped push the S&P 500 to a new record high earlier in the week. However, concerns about inflation and rising interest rates weighed on the market, leading to a mixed finish on Friday.

Despite the mixed finish, the stock market has been on an upward trend, with Wall Street closing its 12th winning week in the last 13. The strong earnings reports from major companies have helped boost investor confidence, leading to a surge in the S&P 500 index. However, concerns about inflation and rising interest rates have also been on the rise, leading to a mixed finish on Friday.

Overall, the stock market has been performing well, with investors optimistic about the future. While there are concerns about inflation and rising interest rates, the strong earnings reports from major companies have helped boost investor confidence. As we move forward, it will be interesting to see how the stock market performs in the coming weeks and months.

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