Skip to main content

Featured

Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...

article

Santorini Shaken: State of Emergency Declared Amid Unprecedented Quake Swarm


Greek authorities have declared a state of emergency on Santorini following a relentless series of undersea earthquakes, the strongest of which—a 5.2 magnitude tremor—struck late Wednesday night. The emergency measure, effective until March 3, aims to streamline the response to the ongoing seismic crisis that has rattled the popular tourist island for nearly a week.

Over 10,000 residents and seasonal workers have already evacuated the island as hundreds of tremors have left local officials on high alert. Schools have been shut, and several cliff-top towns have been cordoned off due to the elevated risk of landslides. Emergency services—including the army, police, fire brigade, and coast guard—have been deployed across Santorini to assist with rescue and relief operations, while additional resources such as social workers and psychologists are en route to help those affected by the crisis.

Local seismologists warn that although the tremors have caused minimal structural damage so far, the seismic activity is unprecedented for the region. Experts caution that while the current swarm appears to be tectonic in nature and not directly related to volcanic activity, the possibility of a more powerful earthquake cannot be ruled out. This uncertainty has prompted officials to advise residents and tourists alike to steer clear of vulnerable coastal zones and indoor gatherings.

The situation remains fluid as the Greek government closely monitors developments. Prime Minister Kyriakos Mitsotakis is expected to visit Santorini shortly to assess the situation and demonstrate solidarity with the affected communities. As the iconic island—renowned for its picturesque vistas and vibrant tourism industry—lies unusually quiet, authorities urge calm and readiness as they navigate this natural emergency.

Comments