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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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Pope Francis: A Legacy of Compassion and Reform Ends at 88

Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, has passed away at the age of 88. Born Jorge Mario Bergoglio in Argentina, he rose from humble beginnings to become a global symbol of compassion, humility, and reform.  

Throughout his tenure, Pope Francis championed the rights of the marginalized, advocating for immigrants, the poor, and LGBTQ+ individuals. His leadership was marked by a commitment to inclusivity, environmental stewardship, and a push for modernization within the Church.  

His passing was announced by the Vatican early Monday morning, with Cardinal Kevin Farrell stating, “At 7:35 this morning, the Bishop of Rome, Francis, returned to the house of the Father”. His death follows a series of health challenges, including a prolonged battle with respiratory issues.  

As the world mourns his loss, tributes pour in from leaders across the globe, recognizing his unwavering dedication to justice and faith. The College of Cardinals will soon convene to elect his successor, marking the beginning of a new chapter for the Catholic Church.  

Pope Francis leaves behind a legacy of courage and compassion, forever shaping the Church and the lives of millions.

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