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Daily Markets Update: Hot U.S. CPI Rattles Tech, Kospi Crashes 7.6%, TSX Slides 1.1% (Oct. 15)

  Thursday, October 15, 2026 | Canadian Money Brief | Daily Markets Update A hotter-than-expected U.S. inflation report turned Wednesday into a risk-off day, and the damage spread overnight to Asia, where South Korea's Kospi crashed 7.6% and triggered a market-wide circuit breaker. Here is where Canada, the U.S. and the world's other major markets stand this morning. Today's Headlines U.S. CPI hit 3.7% in September (3.6% expected, 3.4% in August), with core inflation at 2.6%. The Nasdaq fell 1.88% and the S&P 500 lost 1.11%. The TSX fell 1.11% to 35,584.46 , ending a three-day winning streak as materials plunged 4.33%. Asia sold off hard on AI valuation fears: Kospi -7.57% (seventh straight loss), Nikkei -4.90%. The loonie sits near an 18-month low at about 70.1 US cents as Fed-hike bets rise. Brent closed at US$106.06 and gold slid to a one-week low near US$4,084. Canada: TSX Ends Three-Day Win Streak The S&P/TSX Composite Index fell 399.52 points, or 1.11%, to...

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Ottawa to Remove Federal Exceptions from Canadian Free Trade Agreement

 

In a significant move to bolster interprovincial trade, the Canadian government has announced the removal of more than half of its federal exceptions from the Canadian Free Trade Agreement (CFTA). This decision, spearheaded by Internal Trade Minister Anita Anand, aims to reduce internal trade barriers and enhance economic cooperation across provinces.

The CFTA, established in 2017, was designed to modernize the Agreement on Internal Trade and facilitate the free movement of goods, services, and labor within Canada. However, numerous exceptions have hindered its effectiveness. The federal government initially had 56 exceptions, but with the recent removal of 20 more, the total now stands at 19.

The majority of the removed exceptions pertain to government procurement, providing Canadian businesses with greater opportunities to compete nationwide. This action is expected to lower prices, boost productivity, and add up to $200 billion to the domestic economy.

Minister Anand emphasized the importance of mutual recognition of rules across provinces to streamline labor mobility and reduce regulatory burdens. The federal government is encouraging provinces and territories to follow suit and eliminate their own trade barriers.

This announcement comes at a critical time, as Canada faces potential trade disruptions from the United States. By strengthening internal trade, Canada aims to become less reliant on its southern neighbor and build a more resilient domestic economy.

The Committee on Internal Trade will review the federal changes and continue working with provinces to improve internal trade. More announcements are expected in the coming weeks as Canada strives to create a more open and efficient domestic market.



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