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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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Tragic Collision Over Potomac River: 67 Lives Lost in D.C. Plane Crash

In a devastating incident, an American Airlines flight collided with a U.S. Army Black Hawk helicopter over the Potomac River near Ronald Reagan Washington National Airport, resulting in the tragic loss of 67 lives. The crash occurred last night, and both flight data recorders, or "black boxes," from the American Airlines jet have been recovered for investigation.

The National Transportation Safety Board (NTSB) is leading the investigation to determine the cause of the collision. Among the victims were elite figure skaters returning from a training camp in Wichita, Kansas, and their coaches. The crash has raised concerns about air traffic control staffing levels at the time of the incident, although it remains unclear what role this may have played.

President Donald Trump has expressed condolences and emphasized the need for a thorough investigation. The NTSB has promised a "whole-of-government effort" to uncover the truth behind this tragic event.

As the investigation continues, families and communities across the nation mourn the sudden loss of their loved ones. The scene of the crash is now marked by tributes and flowers left by those grieving.



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