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Weekly Market Snapshot: Nasdaq’s Worst Week Since June, Oil Tops US$100 and the TSX Climbs (Oct 12–16)

  Saturday, October 17, 2026 · Based on Friday’s close · Canadian Money Brief It was a week of split screens. An AI-financing scare hammered chip and cloud stocks on Wall Street, a hot US inflation print pushed bond yields back toward 5%, and crude oil punched through US$100 again. Yet the S&P/TSX Composite finished the holiday-shortened week up about 1.4% at 36,176.55, European stocks posted their best week since late June, and the Dow squeezed out a second straight weekly gain. The Week at a Glance Index Friday close Friday change Week change S&P/TSX Composite 36,176.55 ▲ +0.11% ▲ +1.4% S&P 500 7,659.44 ▼ −1.09% ▼ −2.0% Dow Jones 52,002.41 ▼ −0.34% ▲ +0.7% Nasdaq Composite 26,140.03 ▼ −2.14% ▼ −4.5% STOXX Europe 600 644.74 ▲ +0.72% Best week since late June FTSE 100 10,881.90 ▲ +0.38% ▲ +3.13% Nikkei 225 65,324.29 ▲ +1.39% ▼ −5.37% Note: TSX was closed Monday, Oct 12 for Thanksgiving; US and European markets traded. Weekly changes are rounded. Canada: TSX Rides Metal...
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Qatar Suspends Gaza Ceasefire Mediation Amid Stalemate

 

 Qatar has decided to suspend its mediation efforts in the Gaza ceasefire negotiations, citing a lack of progress and commitment from both Hamas and Israel. This decision marks a significant setback in the ongoing efforts to broker peace in the region.

An official briefed on the matter stated that Qatar will not resume its role until both parties demonstrate a sincere willingness to negotiate in good faith. The official also mentioned that the political office of Hamas in Doha “no longer serves its purpose” under the current circumstances.

Qatar has been a key mediator alongside Egypt and the United States, working tirelessly to facilitate a ceasefire and the release of hostages held by Hamas. However, the latest round of talks in mid-October failed to yield any agreement, with Hamas rejecting a short-term ceasefire proposal.

The suspension of Qatar’s mediation efforts underscores the growing frustration with the stalled negotiations and the ongoing conflict in Gaza. It remains to be seen whether this move will prompt a renewed commitment from both sides to return to the negotiating table.


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