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Markets Rally as Oil Retreats and Nasdaq Hits a Record High — Daily Markets Update

   September 22, 2026 Stocks surged Monday as a 4.5% drop in oil prices and a powerful AI-chip rally sent the Nasdaq Composite to its 21st record close of 2026. The TSX added more than 200 points, Wall Street posted its best session since early August, and European and Asian markets joined the broad advance — all as diplomats gathered in New York for the UN General Assembly with eyes on a possible US-Iran meeting that could ease the energy shock that has rattled global portfolios all month. 🍁 Canada — TSX & Loonie Index / Asset Close (Mon Sept 21) Change Notes S&P/TSX Composite 36,009.40 +202.75 / +0.57% Tech & mining led; energy lagged Canadian Dollar 71.32¢ US -0.10¢ USD/CAD ~1.4019 Bank of Canada Rate 2.25% HOLD BoC held Sept 17; next decision Oct 28 The TSX shook off the previous week's malaise — the index had shed roughly 2% across the four sessions ending September 18 — and closed Monday at 36,009.40, a gain of 202.75 points or 0.57%. Technology and mining s...
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TSX gains on hopes of rate hike pause

 

The TSX closed slightly higher on Wednesday, as some sectors that benefit from lower interest rates rose amid signs that central banks may not tighten monetary policy further. The Canadian and U.S. economies added fewer jobs than expected in October, easing inflation fears and boosting bond prices. The TSX composite index ended up 3.5 points, or 0.02%, at 20,264.59.

The financials sector, which accounts for about a third of the TSX’s weight, gained 0.6%, as lower bond yields reduce borrowing costs and increase the value of future cash flows. The real estate sector, which is also sensitive to interest rates, climbed 1.2%, while the consumer discretionary sector, which includes retailers and auto parts makers, rose 0.9%

The energy sector, however, fell 1.1%, as oil prices dropped 2.4% to $80.51 a barrel, amid concerns about rising U.S. crude inventories and the impact of the COVID-19 pandemic on global demand. The materials sector, which includes miners and fertilizer producers, also declined 0.7%, as base metal and gold prices retreated.

For the week, the TSX was down 0.4%, as a jump in bond yields earlier in the week weighed on interest-rate sensitive sectors such as technology and utilities. The TSX is still up 18.6% year-to-date, outperforming the S&P 500, which is up 15.8%.

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