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5 Things to Know Today — Oil Diplomacy, TSX Rally, Carney at UNGA, Bond Yields, Canada's AI Gap (Sept. 23, 2026)

  Wednesday, September 23, 2026  |  MoneySavings.ca Oil is pulling back. The TSX is rebounding. Carney is talking deals in New York. And two under-the-radar stories — bond yields creeping up and a warning about Canada's AI ambitions — could quietly reshape your finances. Here's what matters today. 01 of 05 Oil Drops Below $92 as US–Iran Talks Begin at the UN WTI crude pulled back toward $90 per barrel Wednesday — its lowest level since early September — as diplomacy replaced missiles at the United Nations General Assembly in New York. US envoys Jared Kushner and Steve Witkoff spent three hours in shuttle talks with Iranian officials on the UNGA sidelines, just hours after President Trump threatened Iran with "annihilation" in his address to the General Assembly. Iran had offered to reopen the Strait of Hormuz within seven days if the US agreed to ease its naval blockade. Brent settled down roughly 3–4%, snapping five days of decline but still elevated from pre-conflic...
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Dollar Slumps as Trump Escalates Trade Tensions with China

The U.S. dollar fell sharply on Friday after President Donald Trump threatened to impose a massive increase in tariffs on Chinese imports, reigniting fears of a renewed trade war between the world’s two largest economies.

Trump’s comments came just a day after Beijing expanded export controls on rare earth minerals, a move that Washington views as a strategic challenge to global supply chains. In a post on his social media platform, Trump also suggested he may cancel a planned meeting with Chinese President Xi Jinping, further rattling markets.

The dollar index dropped 0.4% to 98.99, while the euro and yen strengthened against the greenback. Commodity-linked currencies, including the Australian dollar, also weakened amid concerns over slowing global trade.

Market analysts warned that the escalation could weigh heavily on U.S. growth prospects. “Ultimately, it does create a lot of negativity for the U.S. economy,” said Juan Perez, director of trading at Monex USA.

Global equities also tumbled, with major indexes in North America, Europe, and Asia closing lower as investors braced for heightened geopolitical and economic uncertainty.


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