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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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U.S. Urges Canada and NATO Allies to Meet 2% Defense Spending Target


The upcoming NATO Summit in Washington is set to address a pressing issue: defense spending commitments among member nations. While most allies have made strides toward meeting the 2% of GDP target, Canada remains an outlier. In this article, we explore the challenges faced by Canada and the potential consequences of failing to step up its defense investment.

Canada’s Lagging Commitment

Canada, one of NATO’s founding members, pledged in 2014 to allocate 2% of its GDP to defense spending. However, it has consistently fallen short of this goal. Unlike many other NATO countries, Canada has not only missed the 2% benchmark but also failed to allocate 20% of that spending to new equipment. This stance has frustrated allies across the board.

Allies’ Frustration

Diplomats from various NATO countries express their frustration with Canada’s lack of urgency. Despite its strong economy and historical alliance with the U.S., Canada has not prioritized defense spending. European allies, who face criticism for their own efforts, feel that Canada escapes similar pressure from Washington.

Potential Consequences

As the NATO Summit approaches, allies are expected to press Ottawa to fulfill its commitment. Failure to do so could have serious implications. Moreover, concerns arise about the potential return of Donald Trump to the White House, which might exacerbate the situation.

Conclusion

Canada’s diplomatic standing and military readiness are at stake. The NATO Summit serves as a crucial moment for Canada to address its defense spending shortfall and demonstrate its commitment to collective security.


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