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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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Tragedy Strikes as Tropical Storm Trami Devastates the Philippines

 

The Philippines is reeling from the devastating impact of Tropical Storm Trami, which has caused massive flooding and landslides, leaving at least 126 people dead or missing. The storm, which struck the northern regions of the country on Thursday and Friday, has displaced over 500,000 residents and isolated numerous communities.

President Ferdinand Marcos addressed the nation on Saturday, expressing deep sorrow over the loss of life and the ongoing struggles faced by those affected. “Many areas remain isolated, and rescue operations are still underway,” he stated, highlighting the urgent need for aid and support in the hardest-hit regions.

The storm’s relentless rains triggered landslides that buried homes and infrastructure, complicating rescue efforts. Emergency services are working tirelessly to reach those trapped and provide essential supplies to survivors. The government has mobilized all available resources to assist in the rescue and recovery operations.

As the nation mourns, the international community has begun to offer support, with neighboring countries and global organizations pledging aid to help the Philippines recover from this catastrophic event.


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