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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.  ...
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South Korea Considers Supplying Arms to Ukraine After Russia-North Korea Pact

 

In a significant policy shift, South Korea has expressed its willingness to consider sending arms to Ukraine. This decision comes after Russia and North Korea signed a defense pact, pledging mutual aid in the event of war. The agreement, which observers believe marks a strong connection between Moscow and Pyongyang since the Cold War’s end, has raised concerns in the region and beyond.

The pact, signed during a summit in Pyongyang, outlines that if either country faces invasion and is pushed into a state of war, the other must provide “military and other assistance” without delay. However, this assistance must align with both countries’ laws and Article 51 of the United Nations Charter, recognizing a member state’s right to self-defense.

South Korea’s presidential office swiftly condemned the agreement, calling it a threat to its security and a violation of U.N. Security Council resolutions. The office warned that this development could strain Seoul’s relations with Moscow. National security adviser Chang Ho-jin stated that Seoul would reconsider providing arms to Ukraine to counter Russia’s invasion.

This situation highlights the delicate balance between regional security concerns and geopolitical dynamics, as South Korea navigates its response to the Russia-North Korea pac. The world watches closely as tensions escalate and alliances shift in the face of global challenges.


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