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Oil Jumps, Asian Chip Stocks Crash as Markets Await Today's Fed Decision

  Wednesday, July 29, 2026 It's the biggest day of the week for your money. Oil is spiking again after a fresh round of fighting between the U.S. and Iran, Asian tech stocks are getting hammered for a second straight session, and the Bank of Canada's American counterpart hands down its interest rate decision this afternoon. The TSX, meanwhile, closed at a fresh record high yesterday — before any of this hit. Here's what's moving markets today, and what it means for your wallet. 🇨🇦 TSX: Fresh Record High, But Led By the Wrong Sectors For Today Canada's benchmark index closed up 0.51% on Tuesday at 35,750 , a new closing high, powered by big bank strength and a blowout earnings beat from Celestica. But look under the hood and yesterday's leadership was almost the mirror image of what's driving global markets this morning: gold miners and energy names were both in the red as investors de-risked ahead of the Fed. Stock / Sector Move Celestica +9.5% Constellat...
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South Korean Parliament Impeaches President Yoon Over Martial Law Decree

 

In a historic move, South Korea's parliament voted to impeach President Yoon Suk Yeol following his controversial martial law decree on December 3rd. The National Assembly passed the motion with a significant majority, 204-85. This decision came after Yoon's short-lived martial law order, which lasted only six hours before being unanimously overturned by parliament.

The impeachment motion was driven by allegations of rebellion and a violation of the constitution, as Yoon's decree was seen as an attempt to undermine democratic processes. Prime Minister Han Duck-soo will assume presidential duties while the Constitutional Court reviews the impeachment, a process that could take up to 180 days.

The impeachment has sparked widespread public reaction, with jubilant crowds celebrating outside the National Assembly. President Yoon, in a statement, vowed to continue serving the country despite the temporary suspension of his powers.


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