Skip to main content

Featured

Oil Surges Past $103 as TSX Extends Losing Streak

  Markets are lower this morning as oil surges past US$103 and tech stocks remain under pressure, with the TSX coming off a fourth straight decline. Below is your ready-to-publish Canadian Money Brief update for April 29, 2026 , built from today’s market data and news. TSX slips as oil spikes and global tensions rise The S&P/TSX Composite opened at 33,584 , down 0.69% from yesterday’s close as weakness in tech and materials continues to weigh on the index. Rising geopolitical tensions and renewed uncertainty around the Iran conflict have pushed WTI crude above US$103 , lifting Canadian energy names but not enough to offset broader declines.  U.S. markets are also softer, with the S&P 500 down 0.49% and tech stocks retreating amid renewed AI growth concerns.  Oil rallies on OPEC turmoil Crude prices are up more than 3% , driven by the UAE’s announcement that it will exit OPEC and by expectations of prolonged supply disruptions tied to the Iran war.  ...
Post a Comment
Read more

article

Labels

Shoppers Kept Spending This Holiday Season

 

  • Holiday Spending: U.S. retail sales increased by 3.1% from Nov. 1 through Dec. 24, with a notable rise in last-minute shopping before Christmas.
  • Sales Breakdown: Online sales grew by 6.3%, while in-store sales saw a 2.2% increase. However, electronics and jewelry sales declined.
  • Economic Impact: Strong consumer spending, particularly on travel and dining, supported the U.S. economy in 2023 despite high interest rates.
  • Retailer Outlook: Retailers reported mixed results for the holiday season, with some experiencing steady sales and others noting a pullback in consumer spending.
Labels:

Comments

Post a Comment