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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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Tragic Toll: 274 Palestinians Killed in Israeli Raid to Rescue Hostages

 

In a devastating operation, at least 274 Palestinians, including dozens of children, lost their lives during an Israeli raid that successfully rescued four hostages held by Hamas. The complex daytime operation unfolded deep in central Gaza, where Israeli forces faced heavy fire. The toll of this rescue mission underscores the immense cost of conflict in the region, adding to the already soaring casualties from the 8-month-old war ignited by Hamas’ earlier attack. The situation remains fraught, with scores of hostages believed to be held in densely populated areas or within Hamas’ intricate tunnel network, making rescues perilous and complex.

The tragic scenes at Gaza hospitals reveal the chaos and carnage. Overwhelmed medical facilities were already grappling with treating the wounded from days of intense Israeli strikes. Children, burnt and in shock, screamed for their parents. Amidst this horror, a special forces officer was killed during the operation, emphasizing the risks faced by those involved.

This grim incident serves as a stark reminder of the human cost of conflict and the urgent need for peace in the region. Our hearts go out to the families affected by this tragedy, and we hope for a future where such devastating operations are no longer necessary.

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