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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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Israel Approves Ceasefire Deal with Gaza, Hostages to be Released

 

In a significant move towards peace, Israel’s security cabinet has approved a ceasefire deal with Hamas, paving the way for the release of dozens of hostages held in Gaza. The agreement, which is expected to take effect as early as Sunday, aims to halt the 15-month-long conflict that has caused widespread devastation in Gaza.

Under the terms of the deal, Hamas will release 33 Israeli hostages, including women, children, and elderly men, in exchange for hundreds of Palestinian prisoners held by Israel. The ceasefire is set to begin with a six-week phase, during which Israeli forces will withdraw from several areas, allowing hundreds of thousands of Palestinians to return to their homes.

The approval of the ceasefire deal comes after intense negotiations and last-minute complications. Despite opposition from hardliners within Prime Minister Benjamin Netanyahu’s coalition, the deal was ultimately approved by the security cabinet and is now awaiting final approval from the full cabinet.

The ceasefire and hostage release are seen as a crucial step towards easing hostilities in the region and providing much-needed humanitarian relief to the people of Gaza. The international community has welcomed the agreement, hoping it will lead to a lasting peace in the Middle East.




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