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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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NATO Urges Thorough Probe into Azerbaijan Airlines Crash

 

 NATO has called for a comprehensive investigation into the tragic crash of an Azerbaijan Airlines flight that killed 38 people near Aktau, Kazakhstan. The incident occurred on December 25, 2024, when an Embraer 190 aircraft, en route from Baku to Grozny, crashed shortly after diverting from an area in Russia.

NATO spokesperson Farah Dakhlallah expressed condolences, saying, "Our thoughts and prayers are with the families and victims of Azerbaijan Airlines flight J28243. We wish those injured in the crash a speedy recovery and call for a full investigation." The crash has left 29 survivors, with many hospitalized and receiving medical care.

The cause of the crash remains unknown, and Kazakh authorities have declared December 26 a day of mourning in Azerbaijan. NATO's call for a thorough investigation underscores the need for clarity and accountability in the wake of this devastating event.



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