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Weekly Market Snapshot: Stocks Rally Despite Nvidia Shock and 5% Treasury Yields (Nov 9–13, 2026)

Canadian Money Brief | Weekly Market Snapshot Stocks Rally Despite Nvidia Shock and 5% Treasury Yields Week of November 9–13, 2026 | Published Sunday, November 15, 2026 Wall Street had its best week since August, the TSX eked out a gain, and the Canadian dollar took a beating. Here is what moved markets from November 9 to 13, and what it could mean for your mortgage, your savings and your portfolio. The week in four lines TSX: up 0.9% to 36,105.90, a smaller gain than the U.S. as gold and base metals sold off. Wall Street: S&P 500 up 2.5% and Nasdaq up 2.3%, despite a hot inflation print and Nvidia’s CEO resigning. Bonds and the loonie: the U.S. 10-year yield hit about 5.15%, and the Canadian dollar slid to about 70.1¢ US. Commodities: oil fell for a second straight week, while gold dropped 4.6% to below US$4,000. Canada: TSX Edges Higher, Loonie Slides The S&P/TSX Composite finished Friday at 36,105.90 , down 31.29 points on the day but up about 317 points, or 0.9%, from t...
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Trump's Bold Claims on U.S. Independence from Canadian Resources

 

In a recent virtual address at the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump made a series of bold statements regarding the United States' reliance on Canadian resources. Trump asserted that the U.S. does not need imports of oil, gas, vehicles, or lumber from Canada, citing the country's own abundant resources.

Trump's remarks come amid heightened tensions between the two nations over trade tariffs. He characterized the trade relationship as adversarial and unfair, blaming Canada's import policies for the U.S.'s trade deficit. Trump emphasized his administration's protectionist stance, suggesting that the U.S. should manufacture its goods domestically or face tariffs.

The comments have sparked widespread criticism from Canadian political leaders and industry experts. Alberta Premier Danielle Smith called for diplomacy over public threats of retaliation, highlighting the critical role of cross-border trade in the energy sector. Canadian energy analysts have also pushed back, arguing that the U.S. does, in fact, rely on Canadian crude oil for its refineries.

As the debate continues, the future of U.S.-Canada trade relations remains uncertain, with both sides navigating the complexities of economic interdependence and national interests.


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