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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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Trump and Putin: A High-Stakes Call for Peace

In a pivotal moment for international diplomacy, U.S. President Donald Trump is set to hold a phone call with Russian President Vladimir Putin. The conversation, scheduled for today, aims to address the ongoing conflict in Ukraine and explore the possibility of a 30-day ceasefire. This marks the first direct interaction between the two leaders since Ukraine agreed to a U.S.-backed truce proposal last week.

President Trump has expressed optimism about the call, describing it as a chance to "work a peace agreement, a ceasefire, and peace". However, the stakes are high, with both leaders expected to discuss contentious issues, including territorial concessions and control over critical infrastructure. Ukrainian President Volodymyr Zelenskyy has voiced concerns about potential compromises, emphasizing the importance of maintaining Ukraine's sovereignty.

As the world watches, the outcome of this call could set the tone for future U.S.-Russia relations and the broader geopolitical landscape. Whether this test of deal-making strength will yield tangible results remains to be seen.

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