Skip to main content

Featured

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.  ...
Post a Comment
Read more

article

Labels

Final Ceasefire Draft Presented to Israel and Hamas After Breakthrough in Doha

 


Mediators have presented Israel and Hamas with a final draft of a ceasefire deal aimed at ending the war in Gaza, following a breakthrough in negotiations held in Doha. The draft, which includes provisions for the release of hostages and a cessation of hostilities, was handed over after midnight talks involving Israel's spy chiefs, President-elect Trump's Middle East envoy, and Qatar’s prime minister.

The negotiations, which have been ongoing for over a year with the involvement of the United States, Qatar, and Egypt, reached a pivotal moment early Monday. U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu discussed the urgent need for a ceasefire and the release of hostages in a recent phone call.

While both sides have yet to confirm the final draft, officials have described the progress as promising. The next 24 hours are seen as crucial to sealing the deal before President Biden leaves office.

The war in Gaza, which began in October 2023, has resulted in significant casualties and a humanitarian crisis. The proposed ceasefire aims to address these issues and pave the way for a lasting peace.





Labels:

Comments

Post a Comment