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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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Kamala Harris Secures Nomination with Unprecedented Delegate Support


In a remarkable turn of events, Vice President Kamala Harris has garnered enough delegate support to secure the Democratic nomination for president on the very first day of her campaign.

This swift consolidation of support comes after President Joe Biden's endorsement and sets a new record in the political annals of the United States. Harris's campaign, which has been marked by a surge of endorsements from key figures within the party, has also seen a historic fundraising effort, amassing over $81 million in contributions. 

The Vice President's rapid acquisition of delegates reflects a broader trend of unity within the Democratic Party, as major potential rivals have rallied around her candidacy. With the Democratic National Committee preparing for its nominating vote, Harris's campaign is poised to enter the presidential race with a strong start and a clear path forward. Her success signals a significant shift in the political landscape and underscores the importance of delegate support in the nomination process.

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