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Oil Eases as Iran Talks Progress, TSX Rallies 326 Points

  Tuesday, September 22, 2026 (as of market close)  ·  Published September 23, 2026 Canada's main stock index surged more than 300 points Tuesday as materials and technology stocks led a broad rally, while oil prices declined for a fifth straight session on growing optimism that the U.S. and Iran may be nearing a deal to reopen the Strait of Hormuz. Here's everything you need to know. 🍁 Canada — S&P/TSX Composite Index Close Change % Change S&P/TSX Composite 36,335.61 +326.21 +0.91% The TSX closed at 36,335.61 Tuesday, rebounding sharply on broad-based gains in basic materials and technology stocks. The move follows a volatile stretch since the September 15 tariff expansion and continues a partial recovery from the multi-week lows hit earlier this month. Monday's prior close was 36,009.40. Top gainers included Curaleaf Holdings (+11.29%), Trekor Metals (+8.33%), and Hammond Power Solutions (+7.87%). Among the laggards, Rogers Communications (RCI.B) fell 3.02%....
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Russia Open to Ukraine Peace Talks if Trump Initiates Them, Envoy Says

In a recent statement, Russia has expressed its openness to engage in peace talks to end the ongoing conflict in Ukraine, provided that the initiative comes from U.S. President-elect Donald Trump. Gennady Gatilov, Russia's ambassador to the United Nations in Geneva, emphasized that any negotiations would need to be grounded in the current realities of Russian advances.

Trump has been vocal about his criticism of the extensive Western aid provided to Kyiv and has promised to swiftly end the conflict, although he has not detailed his approach. His victory in the November 5 presidential election has raised concerns in Kyiv and other European capitals about the future level of U.S. support for Ukraine.

Gatilov acknowledged that while Russia welcomes the prospect of Trump initiating the political process, he remains realistic about the challenges ahead. He noted that any peace talks must reflect the situation on the ground, where Russian forces have made significant advances.

Ukrainian President Volodymyr Zelenskiy has consistently maintained that peace can only be achieved once all Russian forces are expelled and all territories, including Crimea, are returned to Ukraine. He has warned that any concessions to Russia would be unacceptable for Ukraine and detrimental to European security.

As the world watches closely, the potential for new dialogue between Russia and the United States under Trump's leadership presents a complex and uncertain path forward for the conflict in Ukraine.

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