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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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Rebels Advance on Homs and Damascus as Assad's Forces Struggle to Hold Ground

 

Syrian rebels have intensified their assault on key cities, capturing Hama and advancing towards Homs and Damascus. The rapid rebel advance has caught government forces off guard, leading to a significant repositioning of troops to defend these strategic locations.

In recent days, rebels have seized control of several major cities, including Aleppo in the north and Hama in the center. The capture of Homs, Syria's third-largest city, would be a major blow to President Bashar al-Assad's regime. Thousands of residents have fled the advancing conflict zones, seeking safety in less volatile areas.

The Syrian military has launched airstrikes on rebel positions and sent reinforcements to fortify Homs. However, the rebels remain undeterred, claiming to control most of the south and advancing to within 50 kilometers of Damascus.

The international community watches closely as the situation unfolds, with concerns over regional stability and the potential for further escalation. The conflict, which began in 2011 as an uprising against Assad's rule, has already caused significant humanitarian crises and drawn in various external powers.

As the rebels continue their push, the future of Syria hangs in the balance, with the potential for significant shifts in power and territory.




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