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Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
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Missile Fire from Yemen's Houthi Rebels Triggers Sirens in Central Israel for the Second Night

 


For the second consecutive night, air raid sirens blared across central Israel as a missile launched from Yemen's Houthi rebels was intercepted by Israeli air defenses early Wednesday morning. The missile, aimed at the Tel Aviv area, was successfully intercepted before crossing into Israeli territory, though shrapnel from the interception fell in several towns. 

This marks the fourth time in a week that missile fire from the Houthi rebels has set off sirens in Israel. On Saturday, a missile hit a playground in Tel Aviv, injuring 16 people after Israel's air defense system failed to intercept it. In response, Israeli jets struck Yemen's rebel-held capital and a port city, resulting in nine casualties. 

Israel's foreign minister has requested an emergency meeting of the U.N. Security Council to condemn the Houthi attacks and their alleged Iranian allies for providing the rebels with weapons. The situation remains tense as both sides continue to exchange fire, with the Houthis launching missiles in solidarity 

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