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Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...
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Diplomatic Tensions Rise: Lebanon Rebukes Iran's Envoy Over Hezbollah Disarmament Remarks


Lebanon's foreign ministry has summoned Iran's ambassador to Beirut, Mojtaba Amani, following controversial remarks regarding Hezbollah's disarmament. Amani referred to the disarmament efforts as a "conspiracy," sparking diplomatic friction between the two nations.

The comments come amidst growing pressure on Hezbollah to relinquish its arsenal, especially after the 2024 conflict with Israel left southern Lebanon devastated. President Joseph Aoun is set to initiate discussions on disarmament, a topic long considered taboo due to Hezbollah's significant influence in Lebanese politics.

Lebanon's foreign ministry emphasized the importance of adhering to diplomatic protocols and respecting the sovereignty of states. This incident marks a rare instance of Lebanon openly criticizing Iran, given Tehran's historical support for Hezbollah.

The situation underscores the delicate balance Lebanon must maintain as it navigates internal and external pressures surrounding Hezbollah's role in the region.

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