đ„ Euro visions
Plus: Sydney Sweeney ragebaits us yet again
Sep 18, 2026
đ© THE OPENING POSITION
Letâs call this week a win: Vladdy finally hit a homer at home, Carly Rae Jepsenâs dropping 24 songs today, and a new Nathan Fielder meme is frying the internet. Iâm bringing that energy into the Terry Fox Run this Sunday â my seventh, and no, Iâm not just in it for the free captain shirt. Iâll be the one not being competitive at all, until some 10 year old tries to lap me. He will be destroyed.
â Shazia Khan, Social Media Strategy Manager
đ BEFORE THE BELL
Index | Week (Sept. 14â17, 2026) |
TSX | âČ +263.05 (+0.74%) |
S&P 500 | âČ +26.32 (+0.35%) |
Nasdaq | âČ +399.80 (+1.54%) |
Dow | ⌠-972.84 (-1.84%) |
The takeaway: Welp, it happened. On Wednesday, the US Federal Reserve hiked rates by 25 basis points in a unanimous 12-0 vote (more on that below). It also indicated another rate hike before the end of 2026, so pack an umbrella. But moods improved on Thursday as Treasury yields and oil prices eased somewhat, tech stocks rebounded a bit, and rising metal prices helped the TSX rally.
đ THE CONTEXT
French kissinâ

Photo credit: Getty Images/Know Your Meme/The Margin Staff
Itâs getting romantic between Canada and Europe. On Wednesday, Mark Carney visited Strasbourg, France, in an effort to deepen Canadaâs ties with the EU. Rather than counting on Canadaâs increasingly toxic on-and-off relationship with the US, Carney is focusing on the fact that there are plenty of other fish across the Atlantic.Â
In a speech, European Commission President Ursula von der Leyen proposed that Canada and the EU take their relationship to the âhighest level possible.â Europe, weâre blushing! She even suggested putting a label on things, inviting Canada to be the EUâs first âassociate member.â But this has created some confusion; much like the term âsituationship,â âassociate memberâ has no legal definition.
Still, the combo of sticking it to Trump and getting shorter airport lines is a tempting possibility, and Canadians are into it. A recent Abacus poll found that 80% of Canadians support deeper strategic cooperation with the EU.Â
The plan isnât without its critics, and many have suggested that the move is more symbolic than substantive â especially given that Canada has had a free trade agreement with the EU since 2017, which ten member states still havenât ratified. Still, there could be real benefits for Canada on the horizon, such as visa-free travel. Next monthâs CanadaâEU Summit in Montreal is expected to lock in some details.
What this meansâŠ
For Canadian travellers: Nothing's been decided yet, but Canadians seem hyped about the possibility of more relaxed borders with the EU. Carney has confirmed that visa rules â which govern restrictions for work, study, and travel across jurisdictions â are on the table.
The bottom line: Amidst our very public breakup with the US, Canadians are embracing a European rebound. The terms of the relationship have yet to be defined, but hey, at least weâve made our ex jealous.
Also:
The Fed raises interest rates. Against Trumpâs wishes, the US Federal Reserve voted to raise interest rates by a quarter of a percentage point to 3.75â4.0% on Wednesday, the first hike since 2023. Inflation was the rationale, and even though chair Kevin Warsh didnât mention the war, the President still had a conniption. [The Globe and Mail]
Cohere CEO Adrian Gomez says requests for an AI slowdown are âcartelâ behaviour. In a lengthy blog post, the Canadian AI developer hit back at calls from Anthropic, xAI and OpenAI for a coordinated slowdown of AI development, purportedly over safety fears. Gomez argued the AI giants are really just trying to capture regulation by defining safety standards that only they could possibly meet. [Cohere]
Canada Investment Summit pulls in nearly half of its cash goal. Carney set a goal of $1 trillion in investment over five years for his two-day gathering of the worldâs major investors. By the summitâs end, Canadian banks, pension funds and other investors promised $480 billion. New ports, privatized airports, and corporate tax breaks hope to make up the rest. [Government of Canada]

Source: Statistics Canada
đ€ż ROLLING IN THE DEEP

Photo credit: Getty Images
Hockey Night in Canada should be free for all Canadians
by Thomas Law
This is an excerpt of an article originally run in full on The Margin.
When I first moved to Canada from the UK three years ago, I knew sweet puck all about hockey. I didnât know a Zamboni from Max Domi, and as a 25-year-old student that would baulk at spending hundreds of dollars on anything, let alone nosebleed Leafs tickets, I thought it would stay that way. It was only through casually watching CBC and stumbling across Hockey Night in Canada (HNIC) that my love for the sport blossomed. Before long, I had gone from bored, channel-hopping viewing to solid fandom. (A Four Nations victory over the Yanks certainly helped matters too.)
The more time that I spent living here, the more engaged I became with the game. Iâm never going to have Steve Dangles-levels of passion (or intonation), but my newfound familiarity with the game provided a fantastic means to immerse myself in Canadian culture. I came to feel a sense of belonging with this country and its people.
None of this would have happened without HNIC. So it was dispiriting to learn, in June of this year, that the show that turned me into a hockey head would no longer be aired free of charge. Despite the CBC wanting to keep it free, the showâs rights-holder, Rogers, asked for too much cash in return. As a result, HNIC now languishes behind a paywall, with myself and any would-be new fans stuck on the wrong side of it.
While youâre at itâŠ
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đ UNSOLICITED OPINIONS

Photo credit: Getty Images
Itâs not âjust sports.â Itâs âjust ragebait.â
Shazia Khan, Social Media Strategy Manager: I regret to inform you of another Sydney Sweeney Controversyâą. Her latest (NSFW!) ad for sports-betting app Novig has racked up views and backlash all week. Olympians and online folks say itâs a reductive, over-sexualized representation of âwomen in sport,â but I actually donât agree.
The ad sucks for a dumber reason: Novig (and Sweeney, as an equity holder) has profoundly no clue who watches sports. âHot woman poses nude and occasionally speaks with Malibu Stacy inflectionâ is a marketing pitch for one demo: heterosexual men aged 18 to 54. If you think theyâre the only ones buying jerseys and filling seats, please locate a time machine and set coordinates for 2026 A.D., where women now make up 56% of new fans and are driving growth across male and female leagues, per Nielsen.Â
For everyone else, this campaign was designed to be one thing: ragebait. Their CEO basically admitted it, and who can blame him? Itâs, sadly, a reliable playbook. Netflixâs latest sports doc dredged up the Raygun controversy, Sophie Cunninghamâs comments became kindling for a political flamewar no one asked for, and Callaway Golf trended this summer thanks to an ad where a man shoves a woman to the ground.
Ragebait only works if we let it. Nielsen says 60% of women's sports fans have dropped a brand over its values, so the way things are trending, I donât expect it to work much longer. As sports fans, letâs remember: booing works. Leaving works better.
đ§Ÿ INSIDER TRADING
From The Margin group chat:

If you liked this newsletter, hated this newsletter, or are totally indifferent to it, hit the reply button and tell us why! Weâre so lonely.
This weekâs contributors: Tyler Haw (audience engagement), Amarah Hasham-Steele (staff writer), Shazia Khan (social media strategy manager), Thomas Law (writer), Anthony Milton (content lead), Martin Molpeceres (social video producer), Kat Angus (deputy editor), and Eric Wainwright (editor in chief).
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