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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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Ontario PCs Secure Third Majority Government Amid Economic Uncertainty

 

In a historic victory, Doug Ford's Progressive Conservatives have clinched their third consecutive majority government in Ontario. This marks the first time in over 50 years that a party has achieved such a feat in the province. Ford's campaign focused heavily on addressing economic uncertainties, particularly those stemming from the United States. Despite falling short of the increased majority he sought, the PCs' win underscores their continued dominance in Ontario politics.

The opposition parties, including the NDP and Liberals, faced significant challenges throughout the campaign. The NDP is set to form the official Opposition, while the Liberals are poised to regain official party status with at least 12 seats. Ford's victory speech emphasized his commitment to protecting Ontario from external economic threats and continuing his administration's policies.

This election result solidifies Doug Ford's position as one of Ontario's most successful premiers, joining the ranks of leaders like Bill Davis and Leslie Frost. The PCs' ability to secure a third majority demonstrates their strong voter base and effective campaign strategy.



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