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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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Liberal Leadership Race Heats Up as High-Profile Candidates Emerge

 

As the race to elect a new Liberal leader quickly approaches, the field of hopefuls is narrowing. Former Bank of Canada governor Mark Carney is expected to launch his bid to replace Prime Minister Justin Trudeau after signaling plans through his campaign team. Former B.C. premier Christy Clark is also debating whether to put her name forward, expressing her serious consideration despite disappointment with the short timeline for the race.

Several high-profile cabinet ministers have announced they will not run, including Labour Minister Steven MacKinnon and Transport and Internal Trade Minister Anita Anand, who each bowed out over the weekend. They join Finance Minister Dominic Leblanc and Foreign Affairs Minister Melanie Joly, who have decided to focus on their portfolios instead.

Hopefuls have until January 23 to declare their candidacy, with the new leader set to be announced on March 9. So far, former Montreal MP Frank Baylis and Nepean, Ont., MP Chandra Arya are the only ones to publicly state their intention to run.

The race is shaping up to be a pivotal moment for the Liberal Party as it seeks new leadership and direction for the future.

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