Skip to main content

Featured

Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...
Post a Comment
Read more

article

Labels

Arctic Chill and Lake-Effect Snow Squalls Grip Ontario

Ontario is currently experiencing a dangerous Arctic freeze, with lake-effect snow squalls continuing to impact the region. The Arctic airmass has brought bitterly cold temperatures, causing snow squalls off the still-unfrozen Great Lakes. Snow squall watches and warnings are in effect for several areas, with parts of southern Ontario expected to see over 40 cm of snow accumulation through Wednesday.

Extreme cold warnings have been issued for all of northern Ontario, where wind chills as low as -50°C are forecast. These frigid conditions pose a significant risk of frostbite and hypothermia, with temperatures expected to remain below freezing for the next few days.

Residents are advised to bundle up with extra layers, limit outdoor exposure, and be cautious while traveling due to poor visibility and slippery road conditions. Stay safe and warm during this extreme weather event!


Labels:

Comments

Post a Comment