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5 Things to Know Today: 2 Days to Tariffs, Jobs Data Splits, TSX Slips (Sept 6)

  Sunday, September 6, 2026 — here's what actually moves your money this week. 1. TSX Snapped Its Rally Friday as a Blowout U.S. Jobs Report Reignited Fed Rate-Hike Bets The S&P/TSX Composite closed Friday at 36,513.80, down 119.32 points (-0.33%) , giving back part of Thursday's 542-point surge. The reversal came after U.S. nonfarm payrolls jumped by 162,000 — roughly three times what economists expected — while the unemployment rate held at 4.1%. That strong print pushed traders' odds of a Federal Reserve rate hike this month to around 65%, up from 55% before the data . Bank stocks and gold miners both took the hit: TD Bank fell 1%, Scotiabank slipped 0.9%, and Agnico Eagle, Barrick, and Wheaton Precious Metals all retreated as gold prices cooled. What it means for you: A hotter U.S. economy can pull Canadian bond yields higher even when our own labour market is cooling. If you're locking in a mortgage rate this month, keep an eye on the Fed's September 16 d...
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Egypt Proposes Ceasefire Amid Escalating Gaza Conflict

Egypt has stepped forward with a new truce proposal aimed at restoring peace in Gaza, following a surge in violence that has claimed the lives of at least 65 Palestinians in the past 24 hours. The escalation began after Israel resumed air and ground operations against Hamas, effectively ending a two-month period of relative calm.

The Egyptian plan reportedly includes a phased approach, with Hamas releasing five Israeli hostages each week. In return, Israel would implement the second phase of the ceasefire after the first week. The proposal also outlines a timeline for Israel's full withdrawal from Gaza, backed by U.S. guarantees.

While both Hamas and the U.S. have expressed tentative agreement to the proposal, Israel has yet to respond. The situation remains dire, with nearly 700 Palestinians reported killed since the resumption of hostilities, including many women and children. Humanitarian agencies have raised alarms over the worsening conditions in Gaza, where thousands are displaced and essential supplies are running critically low.

This latest effort by Egypt underscores the urgent need for a resolution to the ongoing conflict, as the region faces a mounting humanitarian crisis.

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