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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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Prince Harry’s Legal Battle Over Security Ends in Disappointment

Prince Harry has expressed deep disappointment after losing his legal fight against the UK government over police protection. The Duke of Sussex had sought to overturn a decision that stripped him of automatic taxpayer-funded security when visiting Britain, following his departure from royal duties in 2020.  

The ruling, upheld by the Court of Appeal, confirmed that Harry would not receive the same level of security as working royals, with protection granted only on a case-by-case basis. The prince, who now resides in California with his wife Meghan and their children, has voiced concerns about his safety in the UK, citing past threats and security risks.  

Despite his legal team's arguments that Harry was subjected to unjustified and inferior treatment, the court maintained that the decision was lawful. Buckingham Palace responded by stating that the matter had been thoroughly examined and consistently upheld by the courts.  

Harry, visibly emotional, shared that the ruling makes it difficult for him to bring his family to Britain safely. He also expressed a desire for reconciliation with his father, King Charles III, though he admitted that their relationship remains strained due to the ongoing security dispute.  

While the prince has hinted that he may not pursue further legal action, the outcome of this case underscores the complexities of royal security and the challenges faced by those who step away from official duties.

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