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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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Tragedy in Gaza: Civilians Face Devastating Losses Amid Conflict


In a deeply troubling escalation of violence, Israeli airstrikes have reportedly killed at least 100 Palestinians in Gaza, including 27 individuals who were seeking refuge in a school. Palestinian health officials have described the situation as catastrophic, with civilian casualties mounting as the strikes continue. 

The targeted school had been serving as a shelter for displaced families, highlighting the vulnerability of those caught in the crossfire. Witnesses and local authorities have expressed shock and grief over the loss of life, particularly among women and children. 

This incident underscores the urgent need for international intervention and humanitarian aid to address the growing crisis in Gaza. As the conflict intensifies, the global community faces mounting pressure to advocate for peace and protect innocent lives.

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