Skip to main content

Featured

5 Things to Know Today — September 24, 2026

  Thursday, September 24, 2026 5 Things to Know Today Bond yields are hitting levels not seen in decades, Trump and Xi just extended a trade truce, and the Bank of Canada is mired in a near-100-day strike. Here's what Canadians need to know this morning. 1 · Markets TSX Sinks as Bond Yields Hit Multi-Decade Highs The TSX dropped 584 points on Wednesday — a 1.61% slide — closing at 35,751.43 and breaking through its 25-day and 50-day moving averages. It was the worst single-session performance in weeks, reversing three straight days of gains. The selloff was driven by rising energy prices and a global bond market rout that has sent U.S. 10-year Treasury yields toward 5.1%, their highest since 2007, while Canada's 30-year yield hit a level not seen since 2004. Higher yields pull money out of equities and push up borrowing costs across the board. Big bank stocks led the decline — RBC fell 2%, TD dropped 2.4%, BMO shed 2%, and Scotiabank retreated 1.6% — while gold miners added to ...
Post a Comment
Read more

article

Labels

Canadian Dollar Sees Hope as Trudeau Announces Resignation

The Canadian dollar, which has been on a downward trend for months, saw a brief surge following Prime Minister Justin Trudeau's announcement of his resignation. Economists and market strategists are cautiously optimistic about the potential for economic recovery with new leadership on the horizon.

Trudeau's resignation, which came amidst political uncertainty and economic challenges, has sparked a wave of speculation about the future of Canada's economy. The Canadian dollar, often referred to as the "loonie," briefly rose by about one percent against the U.S. dollar in early trading on Monday. This movement reflects a renewed confidence among investors who believe that a change in leadership could lead to more stable and growth-oriented policies.

However, not all experts are convinced that the loonie's rise will be sustained. RSM Canada economist Tu Nguyen warned that Trudeau's resignation could usher in a new wave of uncertainty, potentially delaying economic recovery as businesses adopt a wait-and-see approach. The political upheaval has also led to a surge in Canada's Economic Policy Uncertainty Index, reaching its highest level since the early days of the COVID-19 pandemic.

Despite these concerns, some market strategists believe that a new Conservative government, potentially led by Pierre Poilievre, could improve Canada's economic prospects by fostering better relations with the United States and implementing pro-growth policies.

As Canada navigates this period of transition, the world will be watching closely to see if the loonie's recent gains are a sign of long-term recovery or just a temporary blip in an otherwise challenging economic landscape.



Labels:

Comments

Post a Comment