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5 Things to Know Today: 2 Days to Tariffs, Jobs Data Splits, TSX Slips (Sept 6)

  Sunday, September 6, 2026 — here's what actually moves your money this week. 1. TSX Snapped Its Rally Friday as a Blowout U.S. Jobs Report Reignited Fed Rate-Hike Bets The S&P/TSX Composite closed Friday at 36,513.80, down 119.32 points (-0.33%) , giving back part of Thursday's 542-point surge. The reversal came after U.S. nonfarm payrolls jumped by 162,000 — roughly three times what economists expected — while the unemployment rate held at 4.1%. That strong print pushed traders' odds of a Federal Reserve rate hike this month to around 65%, up from 55% before the data . Bank stocks and gold miners both took the hit: TD Bank fell 1%, Scotiabank slipped 0.9%, and Agnico Eagle, Barrick, and Wheaton Precious Metals all retreated as gold prices cooled. What it means for you: A hotter U.S. economy can pull Canadian bond yields higher even when our own labour market is cooling. If you're locking in a mortgage rate this month, keep an eye on the Fed's September 16 d...
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Anticipation and Reaction to Fed’s Rate Decision

 


As investors braced for the U.S. Federal Reserve’s decision, North American stock markets experienced a mixed close. The Fed maintained its key interest rate at 5.25%-5.50%, leaving the future of rate cuts uncertain. Despite this, the S&P 500 and Nasdaq dipped, while the Dow Jones and S&P/TSX Composite saw modest gains.

Fed Chair Jerome Powell’s press conference offered a glimmer of hope as he dismissed the likelihood of an immediate rate hike, causing a surge in market optimism. He acknowledged the persistent issue of inflation but expressed confidence in the progress towards the 2% target.

The labor market showed signs of normalization, with job openings at a three-year low2. Meanwhile, the earnings season is more than halfway through, with a majority of S&P 500 companies surpassing consensus expectations.

In the corporate landscape, AMD’s AI chip sales forecast led to a 9% drop in its shares, while Amazon’s AI-driven cloud growth pushed its stock up by 2.2%. Johnson & Johnson plans to proceed with a multi-billion-dollar lawsuit settlement, and Starbucks faced a significant sales forecast cut.

The energy sector took a hit due to falling oil prices and a potential Middle East ceasefire, while uranium miners saw a boost from a U.S. ban on Russian imports. Canadian manufacturing activity continued to contract, reflecting ongoing economic challenges.

In summary, the market’s response to the Fed’s decision was a complex interplay of anticipation, relief, and sector-specific movements, highlighting the intricate dynamics of financial markets.

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