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Oil Crashes 7% as U.S.–Iran Truce Sparks a Global Market Rally: Your July 27 Markets Update

  Monday, July 27, 2026 Markets are waking up to the biggest piece of good news in weeks. Over the weekend, the United States paused its nearly two-week airstrike campaign against Iran, and Tehran said it would halt retaliatory strikes in return. Oil prices — which had spiked above $100 a barrel on Middle East fears — are tumbling, and stocks from Tokyo to Toronto to New York are rallying in relief. Here's what happened, and what it means for your money. 🇨🇦 Toronto Stock Exchange (TSX) The S&P/TSX Composite closed Friday at 35,369.10 , up 0.5% on the day, as gains in financials, mining, and technology offset a pullback in energy stocks after crude eased from its earlier highs. Big movers Friday: Constellation Software +4%, Shopify +1.6%, and Agnico Eagle +0.7% on higher gold, while Celestica tumbled 8.7% tracking a chip-stock selloff, and Cenovus dipped ahead of its July 29 earnings. With oil sinking sharply again this morning, expect energy names (Suncor, Canadian Natural, C...
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TikTok Restores Service in the U.S. Amidst Legal Uncertainty

 


TikTok has begun restoring its services in the United States after a brief shutdown, following assurances from President-elect Donald Trump. The popular video-sharing app was temporarily inaccessible to U.S. users over the weekend due to a court-ordered ban. However, Trump's recent executive order has provided temporary relief, allowing TikTok to come back online.

While the app is now accessible to U.S. users, it remains unavailable for download from Apple's and Google's app stores. The U.S. Supreme Court had upheld a federal law requiring TikTok's Chinese parent company, ByteDance, to sell the app to a non-Chinese buyer by Sunday. Trump's order extends the deadline, giving ByteDance more time to find an approved buyer.

Canadian TikTok users, unaffected by the U.S. ban, continue to enjoy uninterrupted access to the app. TikTok has also filed a legal challenge against Canada's dissolution order, which stopped short of banning the app but ordered the dissolution of its Canadian business.

The future of TikTok in the U.S. remains uncertain as discussions continue over national security concerns and potential ownership changes. Trump has expressed interest in a joint venture where a U.S.-based company would control a significant share of TikTok.



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