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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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Israeli Forces Advance in Southern Gaza, Tanks Active in Rafah

 

Israeli forces have intensified their presence in southern Gaza, particularly in towns on the eastern side of Khan Younis. This development comes after Israeli Prime Minister Benjamin Netanyahu assured U.S. lawmakers of active efforts to bring hostages home. Here are the key points:

  1. Hostage Situation: The recent fighting has centered around the towns of Bani Suaila, Al-Zanna, and Al-Karara. Israeli forces discovered the bodies of five Israelis who were killed in a Hamas attack on Israel in October 2023 and had been held in Gaza since then.

  2. Casualties and Retaliation: The conflict has taken a toll on both sides. More than 250 hostages were taken during the initial raid into southern Israel, resulting in 1,200 deaths. In response, Israel vowed to eradicate Hamas in Gaza, leading to a nine-month war that has claimed over 39,000 Palestinian lives.

  3. Recent Actions: Israeli forces have dismantled around 50 military infrastructures in Khan Younis and continued operations in Rafah. Tanks have been active in Rafah’s town center, near the border with Egypt, causing injuries to Palestinians.

  4. Netanyahu’s Speech: In a speech to the U.S. Congress, Netanyahu expressed confidence in securing the release of remaining hostages. However, Hamas criticized his remarks as “pure lies” and expressed disappointment at the lack of a clear ceasefire announcement.

  5. Humanitarian Crisis: Displaced Palestinians, hoping for an end to the fighting, were left disappointed by Netanyahu’s speech. The overcrowded enclave faces a severe humanitarian crisis.

As the situation unfolds, tensions remain high, and civilians continue to bear the brunt of the conflict.


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