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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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Netanyahu Cancels Israeli Delegation to U.S. After U.N. Ceasefire Vote

Israeli Prime Minister Benjamin Netanyahu has canceled an Israeli delegation’s planned visit to Washington, D.C., scheduled for this week. The decision came after the United States refrained from vetoing a United Nations Security Council resolution calling for an immediate ceasefire between Israel and Hamas in Gaza.

The U.N. Security Council’s resolution marks the first time it has demanded an immediate ceasefire since the war began. Fourteen out of fifteen countries voted in favor of the resolution, which specifically called for a halt to fighting in Gaza during the month of Ramadan. Notably, the resolution did not impose any preconditions, such as the release of hostages.

The United States’ abstention from voting was a significant shift. Just last week, the U.S. submitted a draft resolution calling for an immediate ceasefire without linking it to the release of hostages held by Hamas in Gaza. The change in position reflects a departure from decades of stalwart support for Israel.

U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, emphasized the ongoing diplomatic efforts led by the United States, Qatar, and Egypt to secure an immediate and sustainable ceasefire. She stressed the need to alleviate the suffering of Palestinian civilians in Gaza, who are in dire need of protection and life-saving humanitarian assistance.

Netanyahu’s decision to cancel the delegation’s trip underscores the tension surrounding the UN vote and highlights the delicate balance between international diplomacy and regional conflict. As the situation continues to evolve, the world watches closely for any signs of progress toward peace in the troubled region.

Last October, President Biden met with Netanyahu in Tel Aviv, but recent events have strained the traditionally strong U.S.-Israel relationship.

As the conflict persists, the international community remains hopeful for a resolution that brings an end to the violence and paves the way for lasting peace in the Middle East.

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