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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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Israel Expands Evacuation Orders Following Deadly Strike on Gaza School Shelter

 

Increased Evacuations in Gaza: The Israeli military has broadened its evacuation orders in southern Gaza after a deadly airstrike on a school-turned-shelter in the north. The strike resulted in the deaths of at least 80 Palestinians, according to local health authorities.

Targeting Militants: Israel stated that the airstrike targeted a militant command post, killing at least 19 fighters. The military has accused Hamas and other militants of using civilian areas to launch attacks.

Humanitarian Crisis: The ongoing conflict has displaced the vast majority of Gaza’s 2.3 million residents, many of whom have sought refuge in overcrowded shelters and tent camps.

Continued Conflict: The war, which began 10 months ago, has led to significant destruction and a staggering humanitarian crisis in Gaza. The Palestinian death toll is nearing 40,000.

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