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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...
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Netanyahu Condemns ICC Ruling, Gains Broad Political Support

 

Israeli Prime Minister Benjamin Netanyahu has strongly denounced the International Criminal Court’s (ICC) decision to issue arrest warrants for him and former Defense Minister Yoav Gallant. Netanyahu labeled the ruling as “anti-Semitic” and “absurd,” asserting that Israel will not succumb to international pressure in defending its citizens.

The ICC’s warrants accuse Netanyahu and Gallant of war crimes related to the recent conflict in Gaza, including allegations of starvation and persecution of Palestinians. The court’s decision has sparked a rare moment of unity among Israeli politicians, with both allies and opponents rallying to Netanyahu’s defense.

Former Prime Minister Naftali Bennett criticized the ICC, calling the warrants a “mark of shame” on the court itself. Opposition leader Yair Lapid described the ruling as a “reward for terrorism,” while Benny Gantz, who briefly joined Netanyahu’s war cabinet, condemned the court’s "moral blindness".

Security Minister Itamar Ben-Gvir suggested a bold response by annexing the occupied West Bank, further intensifying the political discourse.

The ICC’s decision has undoubtedly deepened the diplomatic rift, with Israel and its key ally, the United States, not recognizing the court’s jurisdiction. As the situation unfolds, the international community watches closely, anticipating the potential ramifications on the ongoing conflict and future peace negotiations.


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