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Weekly Market Snapshot: TSX Rises as Oil Rebounds and U.S. Markets Cool

  TSX Edges Higher on Energy Strength The TSX posted a modest gain this week, supported by rising energy and financial stocks as oil prices rebounded from recent lows. Investor sentiment improved as commodity demand projections stabilized and geopolitical tensions eased. S&P 500 Cools After Strong Run The S&P 500 paused its recent rally, with tech names seeing mild pullbacks as traders reassessed earnings expectations and upcoming Federal Reserve commentary. Defensive sectors saw renewed interest as investors rotated toward value. Oil Rebounds, Supporting Canadian Markets Oil prices climbed on supply concerns and improving global demand forecasts. The rebound helped lift Canadian energy producers and contributed to the TSX’s relative outperformance. Canadian Dollar Holds Steady The CAD traded in a narrow range, balancing stronger commodity prices against softer domestic economic data. Markets continue to watch for Bank of Canada signals on future rate direction. Wi...
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Russia Unleashes Largest Drone Attack on Ukraine Ahead of War's Third Anniversary

In a dramatic escalation of hostilities, Russia launched its largest drone attack on Ukraine since the onset of the war. Ukrainian President Volodymyr Zelenskiy reported that over 200 drones were deployed in an overnight assault, marking the most significant aerial offensive to date.

The Ukrainian air force successfully intercepted 138 of the drones, while another 119 were neutralized through electronic warfare measures. Despite these efforts, damage was reported across five regions, including Dnipropetrovsk, Odesa, Poltava, Kyiv, and Zaporizhzhia.

President Zelenskiy condemned the attack as "aerial terror" and called for unity among Ukraine's allies to secure a "just and lasting peace". He emphasized the need for international support, highlighting the strength of Europe, America, and all partners committed to peace.

The attack comes on the eve of the third anniversary of Russia's full-scale invasion of Ukraine, underscoring the ongoing intensity of the conflict. As the war continues, the resilience of the Ukrainian people and the solidarity of their allies remain crucial in the face of such unprecedented aggression.



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