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5 Things to Know Today: TSX Slides, Nasdaq Rout, Oil Tops US$104, Budget Week

  Sunday, November 1, 2026  |  Canadian Money Brief Markets are closed today, so the numbers below are Friday’s closes. Here is what matters for your money as the week begins. Friday, Oct. 30 close Level Change S&P/TSX Composite 35,620.03 -1.74% S&P 500 7,580.07 -1.82% Nasdaq Composite 25,437.00 -2.86% Dow Jones Industrial Average 51,770.31 -1.09% WTI crude (US$ a barrel) 104.12 +2.08% Canadian dollar (U.S. cents) about 71.6 — 1. The TSX ends October with a 1.7% sell-off The S&P/TSX Composite fell 629.00 points to 35,620.03 on Friday, leaving it down 168.15 points, or 0.47%, on the week. Gold shares did the most damage: the gold sub-index dropped 6.4%, materials fell 5.7% and technology slid 3.4%. Cameco sank about 9.5% after missing third-quarter revenue estimates. Only telecoms, energy and consumer staples finished higher. What it means for you: A TSX index fund in your TFSA or RRSP leans heavily on gold, materials and energy, so days like Friday can swing ...
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Tensions Escalate: Pakistan Warns of Imminent Indian Strike


In a significant development, Pakistan's Information Minister, Attaullah Tarar, has claimed that the country possesses "credible intelligence" indicating that India plans to launch a military strike within the next 24 to 36 hours. This assertion comes amidst heightened tensions between the two nuclear-armed neighbors following a deadly attack in Indian-administered Kashmir that claimed 26 lives.

Tarar stated that India intends to use the recent Pahalgam incident as a pretext for aggression, a claim that India has not yet commented on. Pakistan has denied any involvement in the attack and has called for a neutral investigation. Meanwhile, both nations have taken retaliatory measures, with India suspending the Indus Waters Treaty and Pakistan closing its airspace to Indian flights.

The situation has drawn international attention, with fears of escalation between the two countries. Pakistan has warned that any act of aggression will be met with a decisive response, emphasizing that India would bear full responsibility for any consequences in the region.

The unfolding events underscore the fragile relationship between the two nations, with the world watching closely for further developments.

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