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Oil Jumps, Asian Chip Stocks Crash as Markets Await Today's Fed Decision

  Wednesday, July 29, 2026 It's the biggest day of the week for your money. Oil is spiking again after a fresh round of fighting between the U.S. and Iran, Asian tech stocks are getting hammered for a second straight session, and the Bank of Canada's American counterpart hands down its interest rate decision this afternoon. The TSX, meanwhile, closed at a fresh record high yesterday — before any of this hit. Here's what's moving markets today, and what it means for your wallet. 🇨🇦 TSX: Fresh Record High, But Led By the Wrong Sectors For Today Canada's benchmark index closed up 0.51% on Tuesday at 35,750 , a new closing high, powered by big bank strength and a blowout earnings beat from Celestica. But look under the hood and yesterday's leadership was almost the mirror image of what's driving global markets this morning: gold miners and energy names were both in the red as investors de-risked ahead of the Fed. Stock / Sector Move Celestica +9.5% Constellat...
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Israeli Strikes Claim Lives in Gaza as Ceasefire Talks Resume

 

In a tragic escalation of violence, Israeli military strikes have killed dozens of people in the Gaza Strip, including women and children. The strikes, which took place over the past 24 hours, have brought the death toll to 62, according to Palestinian medics. The attacks targeted various locations, including residential areas and a house in Gaza City, where 12 people were killed.

As the death toll rises, mediators have launched a new push for a ceasefire in Qatar. The talks, brokered by Qatari and Egyptian mediators with the support of the U.S. administration, aim to bring an end to the 15-month-long conflict and secure the release of Israeli hostages.

The situation remains tense, with both sides expressing a commitment to reaching an agreement, though it remains unclear how close they are to a resolution. The international community continues to call for an end to the violence and for humanitarian aid to reach those affected by the conflict.

The ongoing conflict has already displaced most of Gaza's 2.3 million residents and caused widespread destruction. As the talks proceed, the hope is that a ceasefire can be achieved to prevent further loss of life and suffering.




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