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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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Israel Faces Criticism Over Humanitarian Aid Shortfalls in Gaza

 

International aid organizations have reported that Israel has not met the U.S. demands to improve the humanitarian situation in Gaza. Despite a 30-day deadline set by the Biden administration, which included requirements such as allowing a minimum of 350 truckloads of goods into Gaza daily and opening an additional crossing, Israel has fallen short.

The U.S. had warned that failure to comply could lead to a reduction in military support. However, Israeli officials have downplayed the urgency of the deadline, expressing confidence that the issues will be resolved. Aid groups, including the Norwegian Refugee Council and Save the Children, have highlighted that the humanitarian conditions in Gaza are now worse than at any point in the 13-month conflict.

The situation remains critical, with international pressure mounting on Israel to take more substantial actions to alleviate the suffering of civilians in Gaza.


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