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Oil Surges Past $103 as TSX Extends Losing Streak

  Markets are lower this morning as oil surges past US$103 and tech stocks remain under pressure, with the TSX coming off a fourth straight decline. Below is your ready-to-publish Canadian Money Brief update for April 29, 2026 , built from today’s market data and news. TSX slips as oil spikes and global tensions rise The S&P/TSX Composite opened at 33,584 , down 0.69% from yesterday’s close as weakness in tech and materials continues to weigh on the index. Rising geopolitical tensions and renewed uncertainty around the Iran conflict have pushed WTI crude above US$103 , lifting Canadian energy names but not enough to offset broader declines.  U.S. markets are also softer, with the S&P 500 down 0.49% and tech stocks retreating amid renewed AI growth concerns.  Oil rallies on OPEC turmoil Crude prices are up more than 3% , driven by the UAE’s announcement that it will exit OPEC and by expectations of prolonged supply disruptions tied to the Iran war.  ...
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Bracing for the Big Chill: Ontario Faces Extreme Cold Warnings

 

As Ontario grapples with a severe cold snap, extreme cold warnings have been issued across the province, with wind chill values plummeting to around -40°C in many areas. The frigid temperatures are expected to persist until Wednesday, posing significant risks to residents.

Environment Canada has highlighted the dangers of such extreme cold, warning that frostbite can develop within minutes on exposed skin. The agency advises people to limit their time outdoors, dress in layers, and cover all exposed skin. Vulnerable populations, including the elderly and homeless, are particularly at risk, and warming centres have been opened in various communities to provide relief.

The cold snap has also led to school bus cancellations and increased demand for community services. Residents are urged to check on neighbors, friends, and pets to ensure everyone stays safe during this dangerously cold period.



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