Dear Friends,

Tangents:

September 15,1968 : First spacecraft circles the Moon and returns safely
September 15,1971: Birth of Greenpeace during anti-nuclear protest
September 15,1997 : Domain google.com officially registered
2008 Lehman Brothers Holdings Inc. filed for bankruptcy protection – the largest in U.S. history. Go to article

Agatha Christie – legendary mystery writer, b 1890

Oliver Stone – director (Platoon) , b 1946
Tom Hardy – actor (Inception, Venom) , b 1977

Prince Harry – British royal, b 1984

Did ‘all roads lead to Rome’? New study finds other cities in the empire were better connected.

Rome was the Roman Empire’s capital, but other cities in the empire were better connected by road.

Fossils of iconic long-necked dinosaur Diplodocus found in Europe for first time — and it may have traveled there via land bridge

Fossils of the long-necked dinosaur Diplodocus have been discovered in Spain, marking the first time remains of this iconic Jurassic-period dino have been found outside the U.S.

‘Maybe robots can maintain houseplants’: Readers react to letting humanoid robots take over their housework

Would you let a humanoid robot do your chores? Live Science readers shared their thoughts in a recent poll.

A slow eater’s guide to surviving Hong Kong’s light-speed dining culture

Hong Kong — My father’s very first memory of dining out was as a penniless child in rural China. A few older boys in his village took him to the only eatery in town for a “free meal” — which, unbeknownst to him, was a euphemism for the classic dine-and-dash.

For the first time, Japan has more than 100,000 centenarians

Tokyo, Japan — Japan has been gripped by a declining population for decades, but one age group is adding new members and there are more of them than ever.

PHOTOS FOR THE DAY
The lion, the witch and the warblers: behind the scenes of Handel’s Alcina at the RBO
The colourful and larger-than-life staging of the opera about an enchantress who transforms her lovers into beasts returns to the Royal Opera stage this week.Photograph: Tristram Kenton/The Guardian

Melbourne, Australia

‘A young male gang-gang cockatoo drops a hawthorn berry as it feasts on them in Plenty Gorge Park.’
Photograph: Stephen Harnett

Bow Lake, Alberta, Canada

‘Reflections of the Canadian Rockies.’
Photograph: Paul Lukes

Market Closes for September 15th, 2026

International Markets

Bonds

Commodities

Market Commentary:

On this day in 1997, the web domain google.com was registered. The Stanford University coders behind the search engine, Larry Page and Sergey Brin, had initially called their project Backrub before renaming it Google—a play on googol, meaning one followed by 100 zeros.
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite fell 0.3% at 35,582.07in Toronto.
The move follows the previous session’s little change.
Today, information technology stocks led the market lower, as 10 of 11 sectors lost; 146 of 215 shares fell, while 67 rose.
Shopify Inc. contributed the most to the index decline, decreasing 2.9%.
Ivanhoe Mines Ltd. had the largest drop, falling 4.5%.
Insights
* This year, the index rose 12%, heading for the best year since 2025
* This quarter, the index rose 2.1%
* The index advanced 21% in the past 52 weeks. The MSCI AC Americas Index gained 15% in the same period
* The S&P/TSX Composite is 4% below its 52-week high on Aug. 26, 2026 and 21.8% above its low on Sept. 17, 2025
* The S&P/TSX Composite is down 1.5% in the past 5 days and fell 3.1% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 20.7 on a trailing basis and 17.3 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.1% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$5.61t
* 30-day price volatility fell to 10.72% compared with 11.74% in the previous session and the average of 10.95% over the past month
Index Points
Information Technology | -60.3436| -2.2| 2/7
Financials | -34.9152| -0.3| 6/16
Consumer Discretionary | -26.5481| -2.6| 0/8
Consumer Staples | -24.0374| -2.2| 0/9
Industrials | -21.4640| -0.6| 12/18
Utilities | -14.1228| -1.2| 1/12
Materials | -13.6555| -0.2| 16/43
Real Estate | -8.3040| -1.9| 0/17
Communication Services | -7.7515| -1.4|
Health Care | -1.3974| -1.3|
Energy | 92.0889| 1.6| 28/8
Shopify | -46.1300| -2.9| -36.0| -18.2
Constellation Software | -12.5500| -3.0| -31.1| -13.1
Couche-Tard | -11.7100| -2.7| 0.2| 6.3
Nutrien | 9.0910| 2.5| 42.9| 29.5
Canadian Natural Resources | 25.8100| 2.5| 15.5| 54.2
Suncor | 36.6000| 4.6| -51.5| 64.1
(MT Newswires)
The S&P/TSX Composite Index closed lower on Tuesday as losses in information technology, health care and utilities outweighed gains in energy.
The index closed down 120.46 points, or 0.3%, at 35,582.07 with most sectors in red.
Information technology led decliners, down 1.6%, followed by healthcare and utilities that closed down 1.4% and 1.2%, respectively.
The Energy sector closed up 3.1%.
In commodities, West Texas Intermediate (WTI) and Brent crude surged on Tuesday as disruptions to Saudi oil exports deepened concerns over global supplies.
Crude loadings at Saudi Arabia’s Red Sea port of Yanbu were suspended and some shipments to European customers were cancelled following damage to the country’s East-West pipeline.
The October WTI crude oil contract settled up $4.44, or 4.4%, at $105.83 per barrel, while November Brent oil was last seen up $3.07, or 2.9%, at $108.75 per barrel.
Meanwhile, December Comex gold futures dropped 0.4%, or $15.60, to $4,336.30 per ounce at last look.
In currencies, the US dollar edged higher 0.1% against the Canadian dollar, with USD/CAD at 1.3918 at last look.
Nearly CA$500 billion in new investment commitments are set to flow into Canada following the country’s first investment summit, Prime Minister Mark Carney’s office said on Tuesday, underscoring strong investor confidence in the economy.
Canada aims to attract CA$1 trillion in total investment over the next five years.
Of this target, Canada aims for around half to be private investments, said Carney at a press conference at the two-day Canada Investment Summit in Toronto that ends Tuesday.
In economics news, Canadian wholesale trade, excluding oil, oil products, hydrocarbons, oilseeds and grains, increased 0.3% month over month to CA$93.1 billion in July as sales rose in three of seven subsectors, representing about half of total wholesale trade, the country’s statistical agency said Tuesday.
The biggest increases occurred in the building material and supplies subsector, rising 3.5%, and the food, beverage, and tobacco subsector, climbing 1.7%, wrote Statistics Canada in a statement.
July’s wholesale trade topped a 0.5% monthly consensus drop provided by a Bloomberg survey.
In corporate news, Canada Pension Plan Investment Board and Brookfield Asset Management (BAM.TO, BAM) launched the Maple Fund, a joint cooperation framework to generate and execute up to CA$50 billion in equity of large-scale investments in critical infrastructure and strategic industries across Canada.
US
By Rita Nazareth
(Bloomberg) — Wall Street traders refrained from making riskier bets in the countdown to the Federal Reserve decision, with stocks falling as elevated oil prices drove bond yields to multi-year highs.
Almost 350 firms in the S&P 500 retreated. Benchmark 10- year yields hit 5%, the highest level in nearly two decades.
Longer-dated Treasuries extended declines after a weak $13 billion sale of 20-year bonds.
Brent crude settled around $109, fueling worries about inflation. Bitcoin tumbled as the US Senate blocked a landmark crypto market structure bill.
Three major central bank meetings — starting with the Fed on Wednesday and followed on successive days by peers in the UK and Japan — may recast the monetary policy landscape for the rest of 2026.
The US decision will be most closely watched in the wake of last week’s higher-than-expected core inflation data, which has stoked bets that Fed Chair Kevin Warsh and his colleagues will boost rates for the first time in three years.
With traders pricing a high probability of a September Fed increase, the focus has changed from whether officials will tighten to what the start of a hiking cycle means for markets, noted Dennis DeBusschere at 22V Research.
“The debate has shifted from ‘if’ to ‘how much’ tightening this cycle will require to restore price stability,” said Seema Shah at Principal Asset Management.
“A one-and-done hiking approach is unlikely.”
The Rationale for Raising Rates Is Crystal Clear: Bill Dudley
“The combination of higher interest rates and elevated oil prices is like asking equities to run a marathon with ankle weights strapped on,” said Darrell Cronk at Wells Fargo Investment Institute.
“Higher rates increase the discount rate investors apply to future earnings, while higher energy costs drain purchasing power from consumers and pressure profit margins.”
The result is a market that must “work harder” to generate earnings growth just as investors become less willing to pay premium valuations, he added.
“If the Fed follows the futures market and hikes rates, our sense is that stocks are likely to see downward pressure over the near-term,” said Chris Senyek at Wolfe Research.
“However, we’ve found that over a longer time horizon — six to 12 months after the first rate hike — stocks typically recover and push into positive territory.”
Despite any potential equity weakness, Senyek doesn’t believe this will mark a “top” for the market.
Rather, his sense is the technology sector can continue to “work,” given tailwinds from artificial-intelligence megatrends, strong earnings and a resilient economy.
At Edward Jones, Brock Weimer says he doesn’t expect a modest additional increase in rates to derail the broader economic expansion or the equity bull market.
“Although core inflation remains uncomfortably high and renewed energy-price pressures could slow further progress, inflation has moderated considerably from its 2022 peak,” he said.
“Against this backdrop, we expect any renewed Fed tightening to be limited in scope and duration.”

Corporate Highlights:
* Nvidia Corp. Chief Executive Officer Jensen Huang dismissed the need for new AI security regulations, arguing that market forces will help companies safely innovate.
* OpenAI is working on steps to address AI safety issues with its top competitors Anthropic PBC and Google DeepMind.
* Meta Platforms Inc. plans to begin deploying a new in-house AI chip in data centers during the first half of next year.
* JPMorgan Chase & Co. forecast third-quarter gains for trading revenue and investment-banking fees, a stark contrast from Bank of America Corp.’s warning earlier this week.
* Wells Fargo & Co. Chief Financial Officer Michael Santomassimo said that the lender’s net interest margin is expected to be better than initially expected.
What Bloomberg strategists say…
“Rising yields compress equity valuations while higher energy costs squeeze margins.”
—Michael Ball, Macro Strategist, Markets Live.

Some of the main moves in markets:
Stocks
* The S&P 500 fell 0.45% as of 4 p.m. New York time
* The Nasdaq 100 fell 0.6%
* The Dow Jones Industrial Average fell 0.6%
* The MSCI World Index fell 0.5%
Currencies
* The Bloomberg Dollar Spot Index rose 0.2%
* The euro was little changed at $1.1540
* The British pound fell 0.2% to $1.3474
* The Japanese yen fell 0.5% to 155.13 per dollar
Cryptocurrencies
* Bitcoin fell 3.8% to $76,082.51
* Ether fell 6.2% to $2,411.16
Bonds
* The yield on 10-year Treasuries advanced one basis point to 5.00%
* Germany’s 10-year yield advanced two basis points to 3.54%
* Britain’s 10-year yield advanced two basis points to 5.39%
Commodities
* West Texas Intermediate crude rose 4.6% to $106.05 a barrel
* Spot gold was little changed

Have a wonderful day.

Be magnificent!

As ever,

Shima

"The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd." 1872 -1970– Betrand Russell

Shima Zangeneh

Assistant to Carolann Steinhoff

Queensbury Securities Inc.

340A – 730 View Street

Victoria BC V8W 3Y7

Tel: 778-430-5851

Fax: 778-430-5828