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Daily Markets Update: Oil Rattles TSX Ahead of BoC Hike Week | Oct 26

  Canadian Money Brief • Daily Markets Update Monday, October 26, 2026 • Covers Friday’s North American and European closes plus Monday’s Asian session Oil took over from AI as the market’s main worry on Friday. Crude jumped above US$100 on fresh attacks on Saudi Arabia, the S&P/TSX Composite finished the week lower, and Wall Street logged a second straight weekly loss for the S&P 500. Monday brought a small reprieve: oil slipped after no weekend escalation in the Iran war, and most Asian and European markets steadied — just ahead of a week stacked with central bank decisions, including the Bank of Canada on Wednesday. The 30-second version TSX: 35,788.18 , down 185.27 points (−0.52%) Friday; −1.07% on the week. Wall Street: Dow −1.2%, S&P 500 −0.5%, Nasdaq −0.2%. Oil: WTI settled at US$103.27 ; Brent at US$116.72 . Loonie: 71.46¢ US , a five-week high. Bank of Canada: markets price roughly an 80% chance of a hike to 2.50% on Wednesday. Canada: TSX Ends the Week in the...
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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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