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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...
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U.S. Leverages Starlink Access in Critical Minerals Negotiations with Ukraine

In a high-stakes negotiation, U.S. officials have reportedly threatened to cut off Ukraine's access to the Starlink satellite internet system, owned by Elon Musk's SpaceX, if Kyiv does not agree to a deal on critical minerals. Starlink has been a lifeline for Ukraine, providing crucial internet connectivity amid the ongoing conflict with Russia.

The issue was raised during discussions between U.S. and Ukrainian officials after Ukrainian President Volodymyr Zelenskyy rejected an initial proposal from U.S. Treasury Secretary Scott Bessent. The proposal demanded $500 billion in mineral wealth from Ukraine as repayment for wartime aid, without offering specific security guarantees.

During a recent meeting, U.S. Special Envoy to Ukraine Keith Kellogg reiterated the threat of cutting off Starlink access if an agreement on critical minerals was not reached. The potential loss of Starlink would be a significant blow to Ukraine, which relies on the system for military operations and civilian communications.

Despite the pressure, Zelenskyy has remained firm in his stance, rejecting demands that he believes do not adequately protect Ukraine's interests. Negotiations are ongoing, with both sides working towards a potential agreement.




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