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Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
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LCBO Stores Set to Reopen Tuesday After Resolving Last-Minute Dispute

 

The Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) have resolved a last-minute dispute, paving the way for LCBO stores to reopen on Tuesday. This resolution comes after a two-week strike that saw over 9,000 workers walk off the job.

The tentative agreement, reached on Friday, initially hit a snag when the union and the LCBO disagreed over the return-to-work protocol. The LCBO accused the union of introducing new monetary demands, while the union maintained that their demands were standard and had been used in previous strikes.

Despite the initial impasse, both parties confirmed on Saturday morning that the dispute had been resolved. Voting on the tentative deal is set to occur over the weekend, and if ratified, unionized workers will return to work on Monday, with stores reopening to the public on Tuesday.

The agreement includes an eight-percent pay raise over three years, the conversion of 1,000 casual employees to permanent part-time status, and the hiring of 60 additional full-time employees in warehouse operations. Additionally, there will be no store closures for the duration of the deal.

A significant point of contention was the expansion of ready-to-drink beverages into grocery and convenience stores. The Ford government expedited this timeline, allowing licensed Ontario grocery stores to sell these beverages ahead of schedule. A non-binding committee will be formed to determine the best way to implement these plans.

With the resolution of this dispute, Ontarians can look forward to shopping at LCBO stores again, knowing that their purchases support public services.


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