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Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
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Ramadan Begins: A Month of Reflection and Devotion

 

The Islamic holy month of Ramadan has officially begun, marked by the sighting of the crescent moon. This significant event in the Islamic calendar is observed by Muslims worldwide, who engage in a month-long period of fasting, prayer, and reflection.

Ramadan is the ninth month of the Islamic lunar calendar and is believed to be the time when the Quran was revealed to the Prophet Muhammad. During this month, Muslims fast from dawn to sunset, abstaining from food, drink, smoking, and sinful behavior. The fast is broken each evening with a meal called Iftar, which is often shared with family and friends

The start of Ramadan can vary depending on the sighting of the crescent moon, leading to different start dates in various countries. For instance, in Saudi Arabia, Ramadan began on March 1, while in other regions, it may start a day earlier or later.

Ramadan is a time for Muslims to strengthen their faith, practice self-discipline, and engage in acts of charity. It is also a period for increased prayer and recitation of the Quran. Many mosques offer special nightly prayers called Taraweeh, which are longer than the regular daily prayers.

As Muslims around the world embark on this sacred journey, the spirit of Ramadan fosters a sense of community, compassion, and spiritual growth. The month-long observance culminates in the celebration of Eid al-Fitr, a festive occasion marking the end of fasting and the beginning of a new month in the Islamic calendar.

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