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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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New Delhi Shuts Down Schools and Construction Amid Severe Air Pollution Crisis

The Indian capital has been enveloped in a thick, toxic smog, prompting authorities to take drastic measures as air pollution levels soared to their worst this season. The city’s air quality index (AQI) reached a hazardous 481, far exceeding the World Health Organization’s recommended safe limit.

In response, the Delhi government has closed schools, halted all construction activities, and banned non-essential trucks from entering the city. Only students in grades 10 and 12 will continue with physical classes, while others will switch to online learning.

The severe pollution is attributed to a combination of factors, including the burning of crop residue by farmers in neighboring states, emissions from vehicles, and industrial activities. The colder temperatures have also contributed by trapping pollutants close to the ground.

Authorities have implemented stage 4 of the Graded Response Action Plan (GRAP), which includes the strictest curbs to mitigate the pollution. Residents, especially children and the elderly, are advised to stay indoors as much as possible.

Despite the hazardous conditions, many residents continue their daily routines, with some expressing frustration over the recurring issue. “Everyone has a sore throat,” said Sanjay Goel, a local shopkeeper. "They should ban crop residue burning … it’s just smoke everywhere".

As the city grapples with this environmental crisis, the need for long-term solutions to combat air pollution becomes increasingly urgent.








The Indian capital has been enveloped in a thick, toxic smog, prompting authorities to take drastic measures as air pollution levels soared to their worst this season. The city’s air quality index (AQI) reached a hazardous 481, far exceeding the World Health Organization’s recommended safe limit12.

In response, the Delhi government has closed schools, halted all construction activities, and banned non-essential trucks from entering the city. Only students in grades 10 and 12 will continue with physical classes, while others will switch to online learning23.

The severe pollution is attributed to a combination of factors, including the burning of crop residue by farmers in neighboring states, emissions from vehicles, and industrial activities. The colder temperatures have also contributed by trapping pollutants close to the ground4.

Authorities have implemented stage 4 of the Graded Response Action Plan (GRAP), which includes the strictest curbs to mitigate the pollution. Residents, especially children and the elderly, are advised to stay indoors as much as possible4.

Despite the hazardous conditions, many residents continue their daily routines, with some expressing frustration over the recurring issue. “Everyone has a sore throat,” said Sanjay Goel, a local shopkeeper. "They should ban crop residue burning … it’s just smoke everywhere"4.

As the city grapples with this environmental crisis, the need for long-term solutions to combat air pollution becomes increasingly urgent.

1: MSN 2: India TV News 3: Yahoo News 4: ABC News

Would you like to know more about the measures being taken to address air pollution in New Delhi?

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