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Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
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Maldives Bans Israelis from Entering Country Over War in Gaza

 

The Maldives government has taken a significant step by announcing a ban on Israeli citizens from entering the Indian Ocean archipelago. This decision comes amid rising public anger in the predominantly Muslim nation over the ongoing war in Gaza. Here are the key details:

  1. Ban Details:

    • The Cabinet of the Maldives decided to change laws to prevent Israeli passport holders from entering the country.
    • A subcommittee will be established to oversee the ban implementation.
    • President Mohamed Muizu will appoint a special envoy to assess Palestinian needs and launch a fundraising campaign.

  2. Israel’s Response:

    • Israel’s Foreign Ministry spokesperson, Oren Marmorstein, recommended that Israelis avoid any travel to the Maldives, including those with foreign passports.
    • Israelis currently in the Maldives are advised to consider leaving.

  3. Tourism Impact:

    • Nearly 11,000 Israelis visited the Maldives last year, accounting for 0.6% of total tourist arrivals.

The ban reflects the Maldives’ stance on the conflict in Gaza and underscores the nation’s solidarity with the Palestinian cause. As tensions persist, this move adds to the geopolitical dynamics in the region.


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