Skip to main content

Featured

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...
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