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Markets Rally as Oil Retreats and Nasdaq Hits a Record High — Daily Markets Update

   September 22, 2026 Stocks surged Monday as a 4.5% drop in oil prices and a powerful AI-chip rally sent the Nasdaq Composite to its 21st record close of 2026. The TSX added more than 200 points, Wall Street posted its best session since early August, and European and Asian markets joined the broad advance — all as diplomats gathered in New York for the UN General Assembly with eyes on a possible US-Iran meeting that could ease the energy shock that has rattled global portfolios all month. 🍁 Canada — TSX & Loonie Index / Asset Close (Mon Sept 21) Change Notes S&P/TSX Composite 36,009.40 +202.75 / +0.57% Tech & mining led; energy lagged Canadian Dollar 71.32¢ US -0.10¢ USD/CAD ~1.4019 Bank of Canada Rate 2.25% HOLD BoC held Sept 17; next decision Oct 28 The TSX shook off the previous week's malaise — the index had shed roughly 2% across the four sessions ending September 18 — and closed Monday at 36,009.40, a gain of 202.75 points or 0.57%. Technology and mining s...

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Unprecedented Heatwaves Highlight Urgent Climate Crisis

 

In recent months, numerous regions around the globe have been grappling with record-breaking heatwaves, underscoring the escalating impacts of climate change. From North America to Europe, Asia, and beyond, temperatures have soared to unprecedented levels, causing widespread concern among scientists and the public alike.

In the United States, Death Valley experienced temperatures exceeding 125°F (51.7°C) for nine consecutive days in early July, while Las Vegas shattered its all-time heat record at 120°F (48.9°C). Similarly, Europe has faced extreme heat, with countries like Spain and Greece enduring prolonged periods of high temperatures, exacerbating the risk of wildfires.

The situation is equally dire in other parts of the world. In Saudi Arabia, over 1,000 people succumbed to the heat during the Hajj pilgrimage, as temperatures soared to 125°F (51.8°C) at the Grand Mosque in Mecca. Meanwhile, Pakistan’s hospitals have been overwhelmed by heat-related illnesses amid frequent power outages and water shortages.

These extreme heat events are not isolated incidents but part of a broader trend driven by climate change. The global average temperature has been steadily rising, with each of the past 13 months setting new records for that month. The European Union’s Copernicus Climate Change Service reported that the planet experienced its hottest day in at least eight decades on July 21, only to break that record again the following day.

As greenhouse gas emissions continue to warm the Earth’s atmosphere, the frequency and intensity of heatwaves are expected to increase. This alarming trend highlights the urgent need for global action to mitigate climate change and adapt to its inevitable impacts.


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