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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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Escalation in Middle East: Israeli Strikes in Gaza and Beirut Amid US Aid Deadline

 

In a series of recent escalations, Israeli airstrikes have resulted in significant casualties in Gaza and Beirut. On Monday, two Israeli strikes in Gaza killed at least 14 people, including two children and a woman. The strikes targeted a cafeteria in the Muwasi humanitarian zone west of Khan Younis, resulting in 11 deaths. Another strike hit a house in the Nuseirat refugee camp, killing three more individuals.

Simultaneously, Israeli airstrikes hit the southern suburbs of Beirut, causing extensive damage and raising regional tensions. These actions coincide with the expiration of a U.S.-imposed deadline for Israel to increase humanitarian aid to Gaza. Despite some steps taken by Israel, U.S. officials have indicated that the efforts are insufficient, potentially impacting American military support.

The situation remains volatile, with international aid groups urging for greater humanitarian access to the war-torn regions.


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