Skip to main content

Featured

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.  ...

article

Santorini Shaken: State of Emergency Declared Amid Unprecedented Quake Swarm


Greek authorities have declared a state of emergency on Santorini following a relentless series of undersea earthquakes, the strongest of which—a 5.2 magnitude tremor—struck late Wednesday night. The emergency measure, effective until March 3, aims to streamline the response to the ongoing seismic crisis that has rattled the popular tourist island for nearly a week.

Over 10,000 residents and seasonal workers have already evacuated the island as hundreds of tremors have left local officials on high alert. Schools have been shut, and several cliff-top towns have been cordoned off due to the elevated risk of landslides. Emergency services—including the army, police, fire brigade, and coast guard—have been deployed across Santorini to assist with rescue and relief operations, while additional resources such as social workers and psychologists are en route to help those affected by the crisis.

Local seismologists warn that although the tremors have caused minimal structural damage so far, the seismic activity is unprecedented for the region. Experts caution that while the current swarm appears to be tectonic in nature and not directly related to volcanic activity, the possibility of a more powerful earthquake cannot be ruled out. This uncertainty has prompted officials to advise residents and tourists alike to steer clear of vulnerable coastal zones and indoor gatherings.

The situation remains fluid as the Greek government closely monitors developments. Prime Minister Kyriakos Mitsotakis is expected to visit Santorini shortly to assess the situation and demonstrate solidarity with the affected communities. As the iconic island—renowned for its picturesque vistas and vibrant tourism industry—lies unusually quiet, authorities urge calm and readiness as they navigate this natural emergency.

Comments