Skip to main content

Featured

Oil Surges Past $95 as Iran Conflict Escalates: TSX Falls to a 4-Week Low Ahead of Today's BoC Decision

  Canadian Money Brief  •  Daily Markets Update Wednesday, September 2, 2026 Oil jumped above $95 a barrel overnight as the United States launched fresh airstrikes on Iran, sending global bond yields to their highest levels in nearly three years and dragging stocks lower across Asia. The TSX closed Tuesday at a four-week low , and futures point to more selling this morning — all of it landing on the same day the Bank of Canada delivers its rate decision , expected around 9:45 a.m. ET. 🇨🇦 Canadian Markets Index Close Change S&P/TSX Composite 35,825.73 −444.75 (−1.23%) Tuesday's session was broad-based selling, with losses concentrated in materials, information technology, and industrials . Rising bond yields hit gold and silver prices hard, which in turn pressured the TSX's heavyweight mining names — Barrick, NovaGold, and Equinox Gold were all down 2–6.5% as bullion pulled back from last week's highs. Energy was the lone bright spot, with Canadian Natural Resources...
Post a Comment
Read more

article

Labels

"Fragile Ceasefire Shaken: Israeli Airstrike Claims Nine Lives in Gaza

In a tragic escalation of violence, an Israeli airstrike in the northern Gaza town of Beit Lahiya has claimed the lives of at least nine Palestinians, including two local journalists. The strike, which targeted a vehicle, left several others critically injured, according to Gaza's health ministry.

The incident underscores the fragility of the ceasefire agreement established earlier this year. Palestinian health officials report that dozens have been killed despite the truce, raising concerns about its sustainability. The airstrike coincided with ongoing ceasefire negotiations in Cairo, where Hamas leaders are seeking a resolution to the conflict.

The Israeli military has yet to comment on the incident, while Hamas has accused Israel of undermining the ceasefire. This latest development adds to the mounting tension in the region, with both sides facing international pressure to find a lasting solution.

Labels:

Comments

Post a Comment