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Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
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U.S. Retaliatory Strikes in Iraq and Syria: Dozens Killed in Escalating Tensions

 

In a significant escalation of tensions, the United States has launched retaliatory airstrikes in both Iraq and Syria. These strikes targeted more than 85 locations linked to Iran’s Revolutionary Guard (IRGC) and the militias it supports. The reported death toll stands at nearly 40 people.

The airstrikes were carried out in response to a deadly attack on U.S. troops by Iran-backed militants. President Joe Biden’s administration swiftly responded with this multi-tiered military action, signaling a firm stance against aggression. The strikes involved the use of long-range B-1 bombers flown from the United States, underscoring the seriousness of the situation.

The conflict has intensified, with implications reaching beyond Iraq and Syria. The strikes come amidst ongoing tensions in the region, including the conflict between Israel and Hamas. Iran, a key supporter of Hamas, has maintained a delicate balance, avoiding direct involvement in the regional turmoil while backing various groups across Lebanon, Yemen, Iraq, and Syria—the so-called “Axis of Resistance” that opposes Israeli and U.S. interests.

Reactions and Condemnations:

Iran: The foreign ministry spokesperson, Nasser Kanaani, labeled the U.S. attacks as “another adventurous and strategic mistake” that would only escalate tension and instability in the region.

Iraq: The Iraqi government condemned the strikes, reporting that they resulted in the deaths of 16 people, including civilians
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Syria: Rami Abdulrahman, director of the Syrian Observatory for Human Rights, confirmed that 23 people guarding the targeted locations lost their lives in Syria.

Despite these retaliatory actions, the Pentagon maintains that it does not seek war with Iran. It believes Tehran shares this sentiment, even as pressure mounts on President Biden to respond decisively. As the situation unfolds, the world watches closely, aware that the stakes are high and the consequences far-reaching.

In this volatile landscape, the question remains: Can diplomacy prevail, or will the cycle of violence continue? Only time will tell, but the recent strikes serve as a stark reminder of the fragility of peace in the Middle East.

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