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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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Rebel Group Seizes Key Myanmar Border Town, Dealing Blow to Military Regime


A powerful rebel group has seized control of Kanpaiti, a key trading town in northeastern Myanmar on the Chinese border, marking a significant setback for the military-led government. Witnesses report that the Kachin Independence Army (KIA) has taken over the town, which is a lucrative rare earth mining hub.

The loss of Kanpaiti leaves Myanmar's military in control of only one town with a border crossing, Muse, and deprives it of potential profits from the mines that provide China with rare earth minerals critical for various high-tech applications. Video clips circulating on social media, which could not be independently verified, showed a KIA member raising the group's flag at the tunnel through the mountain to China.

The military seized power from the elected government of Aung San Suu Kyi in February 2021, triggering intensified fighting with long-established armed militias organized by Myanmar's ethnic minority groups. The KIA's recent success is part of a broader offensive by an alliance of powerful militias that has led to a series of unprecedented defeats for the Tatmadaw, Myanmar's armed forces.

The ongoing civil war and military restrictions make travel for journalists nearly impossible, but the reports were confirmed by witnesses by telephone. The fall of Kanpaiti is another blow to the regime, but analysts suggest it may not significantly affect the military's ability to wage war.


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