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Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...
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Boost Your Credit Score and Save Money: Expert Tips


With household finances still tight for many Americans, increasing your credit score may be one way to save money. A recent study by LendingTree reveals that raising your credit score can have substantial financial benefits. Here are the details:

The Impact of a Higher Credit Score

  • Savings Potential: Increasing your credit score from fair (580 to 669) to very good (740 to 799) could save you a whopping $22,263 over the life of your credit and loans. Mortgages account for the largest portion of these savings, with an impressive $16,677.

  • Monthly Savings: Overall, consumers stand to save an extra $92 per month across various debt types, including auto loans, credit cards, mortgages, and personal loans. While this projected savings has decreased from a previous estimate, it’s still a significant amount that can make a difference in your financial well-being.

Expert Tips for Improving Your Credit Score

  1. Check Your Credit Report for Errors: Mistakes on credit reports are more common than you might think. About 1 in 5 consumers discover errors, and disputing these inaccuracies can lead to score improvements. Keep an eye out for any discrepancies and take action to correct them.

  2. Aim for a Higher Score: While a credit score above 700 is generally considered good, reaching 740 or higher opens up even more opportunities. With a higher score, you’ll qualify for better loan terms and lower interest rates. It’s worth the effort to boost your score and reap the long-term benefits.

Remember, improving your credit score isn’t just about numbers—it’s about securing your financial future. So take proactive steps, monitor your credit, and watch those savings add up! 

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