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Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
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Temporary GST Breaks: What's Covered and What's Not


Starting December 14, 2024, and lasting until February 15, 2025, the Canadian government has introduced temporary GST/HST breaks on a variety of essential items. This tax relief aims to provide financial relief to Canadians during the holiday season.


What's Included:

  •  Food and Beverages: All groceries, restaurant meals, and drinks will be exempt from GST/HST.
  • Children's Items: Clothing, footwear, diapers, car seats, toys, and jigsaw puzzles for all ages will also benefit from the tax break.
  • Books and Newspapers:  Printed books and newspapers are included in the relief.
  • Holiday Decorations: Christmas trees and similar decorative items are also covered.
  • Video Game Consoles and Games: Physical video game consoles, controllers, and games qualify for the tax break.


What's Not Included:

  • Luxury Items: High-end electronics, jewelry, and luxury clothing are not covered by the GST/HST break.
  • Alcoholic Beverages: While regular beverages are included, alcoholic drinks are excluded from the tax relief.
  • Non-Essential Toys and Games: Items not specifically listed under children's toys or educational games do not qualify.
  • Sports Equipment: Items used exclusively for sports or recreational activities are not included.


This temporary tax break is designed to make essential goods more affordable and provide some financial relief during the holiday season. Make sure to take advantage of these savings while they last!





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