Skip to main content

Featured

Oil jumps above US$105 after Riyadh blasts, futures slip and yields near 24-year highs. TSX, Wall Street and global markets for Oct 8.

  Canadian Money Brief | Thursday, October 8, 2026 | Morning edition Oil is jumping, futures are sliding and bond yields are sitting near 24-year highs. Explosions in Riyadh, including a blast at the city's airport, sent crude sharply higher early Thursday and pushed U.S. stock futures lower. That follows a rough Wednesday for Toronto, where banks and miners dragged the TSX down. Here is where every major market stands before the open. Key takeaways Brent crude jumped about 5% to above US$105 a barrel; WTI rose about 5% to roughly US$92.75. S&P 500 futures are down about 0.6% and Dow futures about 1% after Wall Street's four-day winning streak ended Wednesday. The TSX fell about 1.7% Wednesday to near 35,040, led lower by the big banks and gold miners. The U.S. 10-year yield touched 5.36% on Wednesday, its highest since April 2002, and is hovering near 5.3% again. Markets are pricing in at least one Bank of Canada rate hike by year-end. Canada: TSX stumbles as banks and m...
Post a Comment
Read more

article

Labels

Israeli Airstrikes in Beirut Kill 15 as Diplomatic Efforts for Cease-Fire Intensify

 

At least 15 people were killed and dozens injured following Israeli airstrikes in central Beirut, marking one of the most severe escalations in the ongoing conflict between Israel and Hezbollah. The strikes targeted what Israeli authorities described as Hezbollah command centers and weapons depots, though the attacks also caused extensive damage to residential areas.

The bombardment comes amid heightened tensions along the Israel-Lebanon border, with Hezbollah increasing its rocket attacks into northern Israel in solidarity with Hamas. Lebanese officials condemned the strikes as a violation of sovereignty and accused Israel of targeting civilian infrastructure.

As the violence escalates, international diplomats, including representatives from the United Nations and the United States, are intensifying efforts to broker a cease-fire. “The situation is spiraling out of control, and we urge all parties to exercise maximum restraint,” said UN Secretary-General António Guterres in a statement.

Humanitarian organizations have raised alarm over the deteriorating conditions for civilians in Beirut, where thousands are now displaced. Calls for a humanitarian corridor to deliver aid and evacuate vulnerable populations are growing louder as the conflict risks spilling over into a broader regional war.


    Labels:

    Comments

    Post a Comment