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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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UK Election 2024: Labour Sweeps to Power in Historic Victory

After more than a decade in opposition, Britain’s Labour Party has emerged victorious in the 2024 general election. The jaded electorate handed the party a landslide win, but now they face the mammoth task of reinvigorating a stagnant economy and a dispirited nation. Here’s what you need to know about this historic election:

The Results

  • Labour Party: Swept to power with a commanding lead, marking the first time in 14 years that a new party has taken control.
  • Conservatives: Gained some support but fell short in the face of Labour’s surge.
  • Reform UK: Held third place, with their earlier rise in support stalling during the campaign’s final weeks.
  • Liberal Democrats: Surpassed their starting position in the polls.
  • Greens, SNP, and Plaid Cymru: Remained relatively stable throughout the campaign.

What Comes Next?

As the dust settles, the new Prime Minister, Keir Starmer, faces the challenge of revitalizing the economy and restoring hope to a weary nation. Meanwhile, the monarchy plays a crucial role: King Charles III must officially appoint the winner as Prime Minister. The eyes of the world are on Britain as it charts a new course under Labour’s leadership.

Stay tuned for further developments as the government takes shape and policies unfold. The UK’s future hangs in the balance, and the decisions made in the coming months will shape the nation for years to come. 

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