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Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
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Ford Pushes for Highway 401 Tunnel in Letter to Carney

 

Ontario Premier Doug Ford has formally requested federal support for a proposed tunnel under Highway 401, a project he describes as nation-building and essential for economic growth. In a letter sent to Prime Minister Mark Carney, Ford outlined several priority projects, including critical mineral access, electric vehicle supply chain development, and bail reforms. However, the most ambitious proposal is the tunnel, which Ford argues would significantly reduce congestion on North America's busiest highway.

The Ford government is currently seeking proposals for a feasibility study to explore various options, including an elevated highway and truck-only lanes. Despite skepticism from opposition leaders, Ford remains committed to the tunnel project, emphasizing its long-term benefits for Ontario's infrastructure and economy.

Critics, including NDP Leader Marit Stiles and Liberal Leader Bonnie Crombie, have dismissed the tunnel as unrealistic and financially burdensome. Stiles called it a "fantasy tunnel," while Crombie warned that its cost could bankrupt the province. Nevertheless, Ford has pledged to move forward with the project, regardless of feasibility study outcomes.

The federal government's response to Ford's request remains uncertain, but the proposal has already sparked significant debate about Ontario's infrastructure priorities and the future of transportation in the province.

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