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Weekly Market Snapshot: Yields at Multi-Decade Highs, Oil Eases on Hormuz Hopes — Week of Sept. 22–26, 2026

Week of September 22–26, 2026 It was a week of two forces tugging in opposite directions. Bond yields surged to levels not seen since 2004–2007, driven by resilient US economic data, hawkish Fed signals, and oil-driven inflation fears — putting pressure on equities and the Canadian dollar. Then, late in the week, reports emerged that US and Iranian negotiators were exploring a phased deal to reopen the Strait of Hormuz. Oil pulled back sharply Friday, yields stabilized, and markets found enough relief to post a partial recovery. The TSX finished the week slightly lower but well off its worst levels, while US indices managed a weekly gain. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite entered the week near 35,800 and, after a volatile ride, closed Friday around the same level — giving up roughly 0.3% on the week. Mid-week selling was driven by the same forces pressuring global markets: surging US Treasury yields, a rising oil-inflation premium, and investor nervousness ahea...
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Israel Strikes Hezbollah Targets in Eastern Lebanon After Drone Incident



Israel has escalated its military response in eastern Lebanon following an incident where Hezbollah shot down an Israeli drone. Tensions between the two sides have been mounting, and this recent exchange of fire adds to the regional instability.

On Sunday, April 7, 2024, Hezbollah, an Iran-backed armed group, downed an Israeli unmanned aerial vehicle (UAV) over Lebanese airspace. The drone in question was identified as the Israeli-made Hermes 900. In retaliation, Israel launched air strikes on Hezbollah infrastructure sites in eastern Lebanon.

The Israeli Defense Forces (IDF) reported that fighter jets targeted a military complex and three other infrastructure sites belonging to Hezbollah in the city of Baalbek. These strikes were a direct response to the UAV incident. Fortunately, there were no reported casualties from the attacks.

Hezbollah and Israel have been engaged in cross-border skirmishes since October 8, 2023. The conflict intensified after Hamas, a Palestinian group, launched an attack on Israel, leading to a war in Gaza. As a result, both sides have continued to trade fire, resulting in casualties and displacement of civilians.

While the U.S. and other countries advocate for a diplomatic resolution, the situation remains volatile. Hezbollah has stated that it will not cease fire until a ceasefire is implemented in Gaza. As the conflict persists, the international community closely monitors developments in the region.

In summary, the recent strikes in eastern Lebanon underscore the ongoing tensions between Israel and Hezbollah. As both sides remain entrenched, efforts to find a peaceful resolution continue amidst the backdrop of regional instability.


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