Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Biden Labels Debate Performance as 'Bad Night'; Senior Democrats Support Continuation of Campaign

In a recent development on the U.S. political front, President Joe Biden openly acknowledged a lackluster performance in a recent debate, describing it as 'a bad night'. Despite this critique of his own showing, influential members of the Democratic Party have indicated they will not advocate for Biden's withdrawal from the presidential race.

The comment by Biden highlights the competitive nature of the electoral process as the campaign season heats up. The debated event has been recognized for its pivotal moments, with candidates facing challenges in articulating their policy positions and demonstrating leadership capabilities to the electorate.

Senior Democrats, while acknowledging the significance of debate performances in shaping public opinion, have reiterated their support for Biden's candidacy. Their stance underscores a unified front within the party, emphasizing continuity and resilience as they navigate through the upcoming electoral hurdles.

The steadfast backing from prominent Democratic leaders reflects their confidence in Biden's ability to maneuver through the complexities of the presidential contest and effectively communicate his vision for the nation. As the election cycle progresses, Biden continues to emphasize the achievements of his administration and outline future policy objectives aimed at resonating with a diverse electorate.

Labels:

Comments

Post a Comment