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TSX Climbs 0.6% as Banks and Tech Lead, Loonie Near a 4-Week High and BoC Hike Odds Hit 80%

  Canadian Money Brief | Thursday, October 22, 2026 | Covers Wednesday’s close, plus an early look at this morning Stocks rose on both sides of the border on Wednesday. Canada’s S&P/TSX Composite Index gained 217.03 points, or 0.60%, to close at 36,324.99, led by the banks and tech. On Wall Street, strong earnings from SpaceX, Super Micro and Capital One powered a rebound in artificial intelligence stocks, and the Nasdaq Composite jumped 1.05%. Behind the rally, rate worries keep building. Traders now give the Bank of Canada roughly an 80% chance of raising its policy rate next Wednesday, and oil is still hovering near US$109 a barrel for Brent. This morning, U.S. futures are pointing lower. Market Snapshot: Wednesday, October 21 Close Index Close Change S&P/TSX Composite (Canada) 36,324.99 +0.60% S&P 500 (U.S.) 7,757.17 +0.58% Dow Jones Industrial Average 52,856.09 +0.69% Nasdaq Composite 26,702.86 +1.05% Russell 2000 2,781.02 +0.27% STOXX Europe 600 644.49 +0.92% Nik...
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Gaza Ceasefire Talks End with No Breakthrough Ahead of Ramadan

 

Ceasefire negotiations between Hamas and mediators concluded in Cairo without any significant progress. With just days remaining before the start of Ramadan, the urgency to halt the fighting in the Gaza Strip remains critical.

During the two-day talks, Hamas presented its proposal for a ceasefire agreement, but the Israeli delegation chose to stay away from this round. Senior Hamas official Bassem Naim expressed frustration, stating, “Prime Minister Benjamin Netanyahu doesn’t want to reach an agreement, and the ball now is in the Americans’ court” to press for a deal.

Israel has not officially commented on the Cairo talks. However, their stance remains firm: they demand that Hamas provide a list of 40 elderly, sick, and female hostages who would be the first to be released as part of an initial six-week truce. Meanwhile, Hamas insists on allowing large-scale humanitarian aid into Gaza and facilitating the return of Palestinians displaced from their homes in the northern part of the coastal strip.

As the Muslim holy month of Ramadan approaches, the situation remains precarious. The informal deadline for a deal looms, and the fate of civilians caught in the conflict hangs in the balance. While the world watches, the hope is that diplomatic efforts will yield results and prevent further suffering.


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