Skip to main content

Featured

5 Things to Know Today: Oil Tops $100, Tariffs Take Effect, TSX Slides — Sept 9

  September 9, 2026 Here's what's moving markets and your wallet today — from a fresh oil shock to a stock that just had its worst week in months. 1. Oil Tops $100 a Barrel for the First Time Since July Brent crude broke back above $100 a barrel overnight after Houthi drones and missiles struck Saudi Aramco energy facilities in Jazan, Abha and Najran, wounding more than 70 people and halting operations at several sites. The attacks followed U.S. strikes on Iranian oil tankers over the weekend, deepening a Middle East conflict now in its seventh month. What it means for you: Ottawa's fuel excise tax pause (extended to Jan. 31, 2027) is holding, but it can't offset a rising crude price — CAA's national average sits at 179.9¢/L today, up from 170.5¢/L just five weeks ago. If your tank is low, fill it before this keeps climbing. 2. TSX Slides for a Second Straight Day The S&P/TSX Composite closed Tuesday at 36,123.05, down 390.75 points (-1.07%), its second consecu...
Post a Comment
Read more

article

Labels

Dow’s Remarkable Rally: An 8-Day Streak of Triumphs

 

In an impressive display of resilience, the Dow Jones Industrial Average has secured its eighth consecutive day of gains, a streak not seen since early 2019. This sustained upward movement comes amid growing optimism that the Federal Reserve may introduce a rate cut sooner than anticipated.

Investors have been closely monitoring a series of speeches from Federal Reserve officials, seeking confirmation of the burgeoning belief that a rate reduction is imminent. This sentiment has been bolstered by recent indicators suggesting a cooling labor market, which could prompt a more accommodative monetary policy stance.

The Dow’s latest climb of roughly 0.2% is part of a broader recovery from April’s market slump, with the S&P 500 also advancing towards a record high. The tech-heavy Nasdaq Composite has paralleled this ascent, albeit at a more modest pace.

On the corporate front, standout performances include TSMC, whose shares surged following a 60% sales increase in April, driven by persistent demand for AI and a resurgence in consumer electronics.

As the market heads into the weekend, all eyes are on the upcoming consumer price index report, which will offer further insights into the Federal Reserve’s potential rate cut trajectory. Investors remain hopeful that a dovish turn in policy could sustain the current rally, propelling the Dow and its counterparts to new heights.

Labels:

Comments

Post a Comment