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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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Trump's Controversial Plan for Gaza Sparks Global Outrage

In a stunning announcement, former U.S. President Donald Trump proposed a bold plan to take over the Gaza Strip and transform it into the "Riviera of the Middle East." During a joint press conference with Israeli Prime Minister Benjamin Netanyahu, Trump outlined his vision to **displace over two million Palestinians** and develop the war-torn region into a luxurious tourist destination.

The proposal has drawn widespread condemnation from global leaders and human rights organizations. Critics argue that the plan would lead to a bloody occupation and further destabilize the already volatile region. Palestinian leaders have expressed revulsion, calling the plan a violation of international law and an attempt to erase Palestinian identity.

The international community remains divided on the feasibility and morality of Trump's vision, with many fearing it could ignite new conflicts in the Middle East. As the debate continues, the world watches closely to see how this controversial proposal will unfold.



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