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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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Postal Workers Union Files Unfair Labour Practice Complaint Over Canada Post Layoffs

 

The Canadian Union of Postal Workers (CUPW) has filed an unfair labour practice complaint with the Canada Industrial Relations Board over the recent layoffs of striking employees by Canada Post. The union claims that the layoffs, which have occurred as the strike by over 55,000 workers approaches the two-week mark, are an "intimidation tactic" that violates the Canada Labour Code.

Canada Post has stated that the layoffs are temporary and necessary due to the significant impact of the strike on its operations. However, the union argues that this move is an attempt to undermine the strike and pressure workers into returning to work.

CUPW National Grievance Officer Carl Girouard stated, "These layoffs are a clear violation of the labour code and an attempt to intimidate our members. We are confident that the Canada Industrial Relations Board will see through this tactic and rule in our favour."

Canada Post spokeswoman Lisa Liu responded, "We have received the complaint and are reviewing it. We deny any violation of the labour code and maintain that the layoffs are temporary and necessary."

The strike, which began over wages and working conditions, has now reached a critical point with both sides urging for a resolution. The federal government has also stepped in, urging both parties to return to the negotiating table with a greater sense of urgency.

The outcome of this complaint could have significant implications for the ongoing labour dispute and the future of Canada Post's operations.




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