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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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Trump's Day 1 Agenda: Deportations, Pardons, and Legal Maneuvers

 

On his first day back in office, President-elect Donald Trump has outlined an ambitious agenda that includes initiating a mass deportation push, pardoning individuals involved in the January 6 Capitol riot, and addressing his own legal challenges. Trump has stated that his administration will prioritize securing the U.S. border and reversing policies from the previous administration.

Trump's plan includes the deportation of undocumented immigrants, particularly those involved in criminal activities. He has emphasized the importance of national security and public safety in his approach. Additionally, Trump has promised to pardon many of the individuals convicted for their roles in the January 6 riot, referring to them as "unbelievable patriots".

In terms of his legal battles, Trump aims to leverage his position to address the federal cases against him. He has expressed his intention to fire Special Counsel Jack Smith, who has been prosecuting two federal cases against him. Trump's legal team is also exploring ways to set aside or expunge his felony conviction in New York and delay the case in Georgia until the end of his presidential term.

As Trump prepares to take office, his bold plans are set to spark significant debate and controversy, both domestically and internationally.

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