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Daily Markets Update: Oil Rattles TSX Ahead of BoC Hike Week | Oct 26

  Canadian Money Brief • Daily Markets Update Monday, October 26, 2026 • Covers Friday’s North American and European closes plus Monday’s Asian session Oil took over from AI as the market’s main worry on Friday. Crude jumped above US$100 on fresh attacks on Saudi Arabia, the S&P/TSX Composite finished the week lower, and Wall Street logged a second straight weekly loss for the S&P 500. Monday brought a small reprieve: oil slipped after no weekend escalation in the Iran war, and most Asian and European markets steadied — just ahead of a week stacked with central bank decisions, including the Bank of Canada on Wednesday. The 30-second version TSX: 35,788.18 , down 185.27 points (−0.52%) Friday; −1.07% on the week. Wall Street: Dow −1.2%, S&P 500 −0.5%, Nasdaq −0.2%. Oil: WTI settled at US$103.27 ; Brent at US$116.72 . Loonie: 71.46¢ US , a five-week high. Bank of Canada: markets price roughly an 80% chance of a hike to 2.50% on Wednesday. Canada: TSX Ends the Week in the...
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Greek Workers Unite in Nationwide Strike for Wage Reform

On April 9, 2025, Greece witnessed a nationwide strike that brought the country to a standstill. Public and private sector workers staged a 24-hour walkout, demanding higher wages and the reinstatement of collective bargaining rights. The strike disrupted essential services, grounding flights, halting trains, and tying up ferries at ports. Public transport in Athens operated only part-time, while thousands of protesters gathered in the capital and other cities to voice their demands.

The strike comes amid rising living costs, with food, housing, and utilities becoming increasingly unaffordable for many households. Despite a cumulative 35% increase in the minimum wage to €880, workers argue that their purchasing power remains insufficient. Labour unions are calling for immediate pay raises and the restoration of annual bonuses that were scrapped during Greece's financial crisis.

This collective action highlights the growing frustration among workers as they struggle to make ends meet in the face of economic challenges. The government has promised further wage increases but cites fiscal constraints as a barrier to meeting all demands.


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