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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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Starbucks Workers Escalate Strike, Threatening Holiday Operations

 

Starbucks workers across the United States have launched a five-day strike, demanding better pay, staffing, and schedules. The strike, organized by the Starbucks Workers United union, began on December 20th in cities like Los Angeles, Chicago, and Seattle. The union warns that the strike could impact hundreds more stores by Christmas Eve.

Union members cite unresolved issues over wages and labor practices as key reasons for the protest. Despite earning an average of $21 an hour, baristas argue that this wage is inadequate given inflation and the high cost of living, especially since many employees don't receive 40-hour workweeks.

Starbucks has held multiple bargaining sessions with the union since April but claims that the union prematurely ended the latest session. The company has offered a 1.5% wage increase in future years, but the union has rejected this offer, demanding a more substantial raise.

As the holiday season approaches, the strike poses a significant challenge for Starbucks, which relies heavily on holiday sales. The union's actions reflect a broader trend of labor unrest in the service industry, with similar strikes occurring at other major companies.

The outcome of these negotiations remains uncertain, but the strike has already garnered significant attention and support from the public.



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