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Oil jumps above US$105 after Riyadh blasts, futures slip and yields near 24-year highs. TSX, Wall Street and global markets for Oct 8.

  Canadian Money Brief | Thursday, October 8, 2026 | Morning edition Oil is jumping, futures are sliding and bond yields are sitting near 24-year highs. Explosions in Riyadh, including a blast at the city's airport, sent crude sharply higher early Thursday and pushed U.S. stock futures lower. That follows a rough Wednesday for Toronto, where banks and miners dragged the TSX down. Here is where every major market stands before the open. Key takeaways Brent crude jumped about 5% to above US$105 a barrel; WTI rose about 5% to roughly US$92.75. S&P 500 futures are down about 0.6% and Dow futures about 1% after Wall Street's four-day winning streak ended Wednesday. The TSX fell about 1.7% Wednesday to near 35,040, led lower by the big banks and gold miners. The U.S. 10-year yield touched 5.36% on Wednesday, its highest since April 2002, and is hovering near 5.3% again. Markets are pricing in at least one Bank of Canada rate hike by year-end. Canada: TSX stumbles as banks and m...
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Fireworks from Yacht Spark Forest Fire in Greece: 13 Arrested

 

Thirteen crew members and passengers have been arrested in Greece after fireworks launched from a yacht allegedly sparked a forest fire on the island of Hydra. The blaze, which occurred on Saturday, burned through the island’s only pine forest in the remote area of Bisti.

Despite the challenging conditions, firefighters managed to bring the flames under control. Accessing the beach by sea and using helicopters to drop water from the air, they successfully contained the fire. However, the incident has caused outrage in Greece, especially given the ongoing wildfires and the country’s first heatwave of the year.

Hydra’s mayor, Giorgos Koukoudakis, expressed indignation, stating, “We are indignant that some people so irresponsibly throw fireworks into a pine forest.” Social media users have also criticized the yacht’s passengers, with one person describing them as “rich people with more money than brains.”

Greece remains on high alert for wildfires, and authorities are preparing for a challenging summer due to dry conditions, strong winds, and high temperatures. Last Friday, a volunteer firefighter tragically lost his life while battling a fire in the southern region of Ilia on the Peloponnese peninsula. Scientists attribute the increasing frequency and intensity of extreme weather events, including heatwaves, to climate change. Additionally, Greece has grappled with arsonists, with stricter laws now in place to combat such behavior.


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