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Weekly Market Snapshot: Yields at Multi-Decade Highs, Oil Eases on Hormuz Hopes — Week of Sept. 22–26, 2026

Week of September 22–26, 2026 It was a week of two forces tugging in opposite directions. Bond yields surged to levels not seen since 2004–2007, driven by resilient US economic data, hawkish Fed signals, and oil-driven inflation fears — putting pressure on equities and the Canadian dollar. Then, late in the week, reports emerged that US and Iranian negotiators were exploring a phased deal to reopen the Strait of Hormuz. Oil pulled back sharply Friday, yields stabilized, and markets found enough relief to post a partial recovery. The TSX finished the week slightly lower but well off its worst levels, while US indices managed a weekly gain. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite entered the week near 35,800 and, after a volatile ride, closed Friday around the same level — giving up roughly 0.3% on the week. Mid-week selling was driven by the same forces pressuring global markets: surging US Treasury yields, a rising oil-inflation premium, and investor nervousness ahea...
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Security Breach: Journalist Accidentally Added to U.S. War Plan Chat

In a startling security lapse, Jeffrey Goldberg, editor-in-chief of *The Atlantic*, was mistakenly included in a Signal group chat discussing classified U.S. military operations. The chat, reportedly created by National Security Advisor Mike Waltz, involved high-ranking officials, including Vice President JD Vance and Secretary of Defense Pete Hegseth. The group was coordinating airstrikes against Houthi targets in Yemen.

Goldberg initially doubted the authenticity of the messages but realized their legitimacy when the strikes occurred as described in the chat. This incident has raised serious concerns about the handling of sensitive information on unsecured platforms. The White House has acknowledged the breach and is reviewing the situation.

This unprecedented mistake highlights the risks of using non-secure communication tools for national security matters, sparking debates about operational security and accountability.

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