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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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Have Trump Prosecutors Made Their Case at Hush-Money Trial

As the final witness testifies, legal experts assess the evidence so far and chances of a conviction.

The trial centers on a reimbursement Mr. Trump made to his former personal lawyer and “fixer,” Michael Cohen. Cohen, 57, claims he was directed to pay Ms. Daniels $130,000 (£104,000) in exchange for her silence about her alleged affair with Mr. Trump. Prosecutors have described this as an attempt to “unlawfully influence” the 2016 election. Though Mr. Trump’s case centers on a reimbursement he made to Cohen, his former fixer, prosecutors spent the first weeks of the trial walking the court through what led up to the $130,000 hush-money payment Cohen made to adult-film star Stormy Daniels.

The trial has garnered significant attention, and the verdict hinges on a single piece of evidence known as People’s Exhibit 35. Legal experts are closely watching to see how this crucial evidence will impact the outcome of the case. Testimony in the hush-money trial of Donald Trump is set to conclude in the coming days, putting the landmark case on track for jury deliberations that will determine whether it ends in a mistrial, an acquittal, or the first-ever felony conviction of a former American president. Stay tuned for further developments as the trial unfolds! 

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