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Weekly Market Snapshot: Oil Tops $100, Tariffs Bite, and the TSX Whipsaws (Sept 8-11)

  Four trading days, three straight TSX losses, a $27.6-billion tariff package, and oil's first trip above $100/barrel since spring. Markets clawed back some ground Friday, but it was a rough week for Canadian portfolios. Here's what actually happened, and what's coming next. The week in one line: Escalating US-Iran conflict sent oil above $100/bbl, Canada's retaliation tariffs took effect Sept 8, and a four-day Wall Street losing streak snapped Friday on in-line US inflation data. 🇨🇦 Canada: TSX The S&P/TSX Composite fell in three of four sessions this week before a Friday bounce, ending down 2.2% from last Friday's close. Date Close Change Fri, Sept 4 (prior close) 36,513.80 — Tue, Sept 8 36,123.05 -1.07% Wed, Sept 9 35,907.00 -0.60% Thu, Sept 10 35,506.28 -1.11% Fri, Sept 11 35,697.49 +0.54% The Friday relief rally came as oil prices eased on hopes for Gulf diplomacy and August's US inflation print landed close to forecasts, letting Canadian banks (TD...
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Historic Super Bowl LIX: President Trump and Taylor Swift Attend

 

Super Bowl LIX, held at the Caesars Superdome in New Orleans on February 9, 2025, was a star-studded event featuring notable attendees such as President Donald Trump and pop icon Taylor Swift. This marks the first time a sitting U.S. president has attended the Super Bowl. 

President Trump, accompanied by his family and several Republican senators, attended the game between the Kansas City Chiefs and the Philadelphia Eagles. In a pre-game interview, he predicted a victory for the Chiefs, praising quarterback Patrick Mahomes and his wife, Brittany, who has shown support for Trump on social media. 

Taylor Swift attended the game to support her boyfriend, Chiefs tight end Travis Kelce. She was seen wearing an oversized white blazer, denim shorts, and white over-the-knee boots, accessorized with a ruby-encrusted "T" pendant necklace co-designed with Lorraine Schwartz. Swift was accompanied by friends Ashley Avignone and rapper Ice Spice. 

Other celebrities in attendance included Jay-Z with his daughters, Meghan Thee Stallion, Kevin Costner, Adam Sandler, and Lionel Messi. 

The game itself was a thrilling contest, with the Chiefs aiming for a third consecutive Super Bowl title. The Eagles, led by quarterback Jalen Hurts, showcased a strong defense and effective offensive plays. The halftime show featured a performance by Kendrick Lamar, adding to the event's entertainment value. 

Super Bowl LIX not only highlighted exceptional athleticism but also underscored the cultural significance of the event, drawing a diverse array of celebrities and public figures.


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