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5 Things to Know Today — September 28, 2026

  Monday, September 28, 2026  |  MoneySavings.ca Iran rejects Trump's terms for Hormuz, the US alcohol ban on Canadian goods kicks in tomorrow, the loonie posts its 13th straight losing session, Tuesday brings a key GDP print, and Ottawa quietly narrowed the federal deficit. Here's what it all means for your wallet today. 01 OF 05 🛢️ Iran Digs In on Hormuz — Trump Rejected the Deal, and Oil Stays Elevated Iran's Foreign Minister Abbas Araghchi offered over the weekend to reopen the Strait of Hormuz within seven days — the same terms attached to the June Islamabad Memorandum of Understanding that collapsed in early July. The conditions: the US lifts its naval blockade on Iranian ports, waives sanctions on Iranian oil sales, and observes a broader ceasefire. Trump rejected the offer outright on Saturday, calling it a play by a country that is "losing badly," and renaming the strait "Trump Strait" on Truth Social for good measure. As of this morning, Iran ...
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Stock Market Today: Tokyo’s Nikkei Leads Asian Gains Following Wall Street Rally

 


World shares advanced today, with Asian markets tracking Wall Street’s rally. The standout performer was Tokyo’s benchmark Nikkei 225 index, which surged 2.4%. This impressive gain was powered by strong performances from semiconductor makers. Here are the key highlights:

  1. Tokyo’s Nikkei 225: The Japanese stock market index gained more than 900 points, closing at 38,460.08, its highest level in a month. Notably, shares in computer chip companies like Renesas Electronics Corp. (up 10.5%) and Tokyo Electronic (up 7.1%) contributed significantly to this rally.

  2. Greater China: Shares in Greater China also rallied. The Hang Seng in Hong Kong added 2%, while the Hang Seng Tech Index gained 3.1%. Chinese artificial intelligence company Sensetime Group saw its shares surge by 31.2% after releasing the latest version of its SenseNova generative AI model.

  3. South Korea: The Kospi index in South Korea rose by 1.9%, led by a 3.4% gain in heavyweight Samsung Electronics.

  4. Australia: Australia’s S&P/ASX 200 index edged up by 0.1% following the release of a fifth consecutive quarter of decelerating inflation. The consumer price index for the first quarter eased to 3.6% from the previous 4.1%.

  5. U.S. Markets: On Tuesday, the S&P 500 climbed 1.2% to 5,070.55, pulling further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average rose 0.7% to 38,503.69, and the Nasdaq composite jumped 1.6% to 15,696.64. A weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase.

The hope on Wall Street is for the economy to avoid a severe recession but not to stay so hot that it keeps upward pressure on inflation. A preliminary report from S&P Global seemed to hit that sweet spot, and Treasury yields eased in the bond market Earnings reports also played a significant role in trading, with several companies exceeding analysts’ expectations. For instance, GE Aerospace saw an 8.3% increase after raising its profit forecast for the full year and beating first-quarter earnings expectations.

In summary, global shares are riding the momentum of Wall Street’s rally, and Tokyo’s Nikkei 225 stands out as a key driver in today’s market surge.

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