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Daily Markets Update: TSX Jumps 1.55% as Yields Fall and the AI Rout Eases (Oct 16)

  DAILY MARKETS UPDATE  |  FRIDAY, OCTOBER 16, 2026  |  CANADIAN MONEY BRIEF Canadian stocks snapped back hard on Thursday. The S&P/TSX Composite jumped 552.64 points, or 1.55%, to 36,137.10 , a three-week high, as falling bond yields and a rally in gold and mining shares erased most of Wednesday's 1.11% drop. It capped a wild 24 hours worldwide: an AI-chip rout hammered Seoul (Kospi −7.6%) and Tokyo (Nikkei −4.9%) before Wall Street recovered and Asia bounced on Friday. The Big Picture TSX +1.55% to 36,137.10 (about 2.5% below the Aug. 37,069.11 record); energy was the only sector lower. Wall Street rotated, not rallied: Dow +1.08%, S&P 500 +0.33%, Nasdaq +0.08% as money left chipmakers for healthcare, banks and retail. Yields retreated: the U.S. 10-year fell to 5.08% from 5.24%, even after a hot producer-price report. Next catalysts: Canada's September CPI (Mon. Oct. 19), then the Bank of Canada and Fed decisions on Oct. 28. Canada: TSX Posts Its ...
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Gaza Ceasefire Commences After Delay, Hopes Rise for Peace and Hostage Release

 

After a tense delay, a long-awaited ceasefire between Israel and Hamas has finally come into effect in the Gaza Strip. The ceasefire, which was initially set to begin at 8:30 a.m. local time, was delayed by three hours due to disagreements over the release of hostages. The truce, which started at 11:15 a.m., aims to halt the ongoing violence and facilitate the gradual release of hostages held by Hamas.

The ceasefire deal, brokered by the United States, Qatar, and Egypt, is seen as a significant step towards ending the 15-month conflict that has resulted in the deaths of over 46,800 Palestinians and extensive destruction in Gaza. The agreement includes the release of 33 Israeli hostages in exchange for 1,904 Palestinian prisoners and detainees.

Despite the delay, celebrations erupted across Gaza as some Palestinians began returning to their homes. The ceasefire is expected to bring much-needed humanitarian aid to the war-torn region, with 600 trucks of aid set to enter Gaza daily.

The first phase of the ceasefire will see the release of three female hostages later on Sunday, with additional hostages expected to be freed in the coming days. The hope is that this ceasefire will pave the way for lasting peace and reconciliation in the region.



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