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Daily Markets Update: Hot U.S. CPI Rattles Tech, Kospi Crashes 7.6%, TSX Slides 1.1% (Oct. 15)

  Thursday, October 15, 2026 | Canadian Money Brief | Daily Markets Update A hotter-than-expected U.S. inflation report turned Wednesday into a risk-off day, and the damage spread overnight to Asia, where South Korea's Kospi crashed 7.6% and triggered a market-wide circuit breaker. Here is where Canada, the U.S. and the world's other major markets stand this morning. Today's Headlines U.S. CPI hit 3.7% in September (3.6% expected, 3.4% in August), with core inflation at 2.6%. The Nasdaq fell 1.88% and the S&P 500 lost 1.11%. The TSX fell 1.11% to 35,584.46 , ending a three-day winning streak as materials plunged 4.33%. Asia sold off hard on AI valuation fears: Kospi -7.57% (seventh straight loss), Nikkei -4.90%. The loonie sits near an 18-month low at about 70.1 US cents as Fed-hike bets rise. Brent closed at US$106.06 and gold slid to a one-week low near US$4,084. Canada: TSX Ends Three-Day Win Streak The S&P/TSX Composite Index fell 399.52 points, or 1.11%, to...
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Heat Wave Sweeps Ontario and Quebec: Record-Breaking Temperatures and Health Risks

 


As the mercury soars into the 30s across Ontario and Quebec this week, residents are bracing for an extended period of extreme heat and humidity. Humidex levels are stretching into the 40s, posing health risks for everyone. Here’s what you need to know:

  1. Health Impacts: Extreme heat can lead to heat exhaustion and heat stroke. Stay hydrated, avoid strenuous outdoor activities, and be vigilant about heat-related symptoms.

  2. Record-Breaking Heat: A strong ridge of high pressure over the eastern U.S. and the Great Lakes is driving this heat wave. Hot, muggy winds from the Gulf of Mexico add tropical humidity. Humidex values could reach the mid-40s in Greater Toronto, Hamilton, Ottawa, and Montreal, challenging records set during the 2018 heat wave.

  3. Air Quality Concerns: The stagnant, humid air mass may deteriorate air quality. Scattered thunderstorms could provide temporary relief, but overall, we’re in for sweltering days and sticky nights.

Remember to take precautions, stay informed about weather alerts, and prioritize your well-being during this intense heat wave. 

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