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Oil Breaks $100 a Barrel, Tech Stocks Tumble: Markets Today

  Friday, July 24, 2026 Global markets are ending the week on shaky footing. Brent crude briefly broke above $100 a barrel for the first time in months as Middle East tensions escalate, while a wave of disappointing Big Tech earnings triggered the steepest one-day tech selloff in weeks. The TSX pulled back from Wednesday's record high, Wall Street's major indexes all closed lower, and Asian markets are extending the losses into Friday trading. The bottom line: Oil is up almost 38% this month on Middle East supply fears, and that's starting to show up everywhere — from gas pumps to bond yields to central bank odds. At the same time, investors are questioning whether the AI spending boom can keep justifying its price tag. That combination hit stocks hard on Thursday. 🇨🇦 TSX: Pulling Back From Record Highs The S&P/TSX Composite fell 0.82% Thursday to close at 35,193 , a day after touching a fresh all-time high of 35,485. The index opened sharply lower and fell as much...
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Canada Adds Fewer Jobs Than Expected in October; Unemployment Rate Holds Steady

 

Canada’s job market showed signs of slowing down in October, as the country added fewer jobs than anticipated. According to Statistics Canada, the national unemployment rate remained unchanged at 6.5%.

The economy saw a modest increase of 15,000 jobs last month, falling short of economists’ expectations. This modest gain reflects ongoing challenges in the labor market, influenced by high interest rates and economic uncertainties.

Despite the job additions, the unemployment rate held steady, indicating that the labor market is still grappling with balancing job creation and economic pressures. The Bank of Canada has been closely monitoring these trends, especially as it aims to foster economic growth following recent interest rate cuts.

As the country navigates these economic conditions, the focus remains on creating sustainable employment opportunities and supporting workforce stability.


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