Weekly Market Snapshot: Oil Tops $100, Tariffs Bite, and the TSX Whipsaws (Sept 8-11)
Four trading days, three straight TSX losses, a $27.6-billion tariff package, and oil's first trip above $100/barrel since spring. Markets clawed back some ground Friday, but it was a rough week for Canadian portfolios. Here's what actually happened, and what's coming next. The week in one line: Escalating US-Iran conflict sent oil above $100/bbl, Canada's retaliation tariffs took effect Sept 8, and a four-day Wall Street losing streak snapped Friday on in-line US inflation data. 🇨🇦 Canada: TSX The S&P/TSX Composite fell in three of four sessions this week before a Friday bounce, ending down 2.2% from last Friday's close. Date Close Change Fri, Sept 4 (prior close) 36,513.80 — Tue, Sept 8 36,123.05 -1.07% Wed, Sept 9 35,907.00 -0.60% Thu, Sept 10 35,506.28 -1.11% Fri, Sept 11 35,697.49 +0.54% The Friday relief rally came as oil prices eased on hopes for Gulf diplomacy and August's US inflation print landed close to forecasts, letting Canadian banks (TD...
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