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Oil jumps above US$105 after Riyadh blasts, futures slip and yields near 24-year highs. TSX, Wall Street and global markets for Oct 8.

  Canadian Money Brief | Thursday, October 8, 2026 | Morning edition Oil is jumping, futures are sliding and bond yields are sitting near 24-year highs. Explosions in Riyadh, including a blast at the city's airport, sent crude sharply higher early Thursday and pushed U.S. stock futures lower. That follows a rough Wednesday for Toronto, where banks and miners dragged the TSX down. Here is where every major market stands before the open. Key takeaways Brent crude jumped about 5% to above US$105 a barrel; WTI rose about 5% to roughly US$92.75. S&P 500 futures are down about 0.6% and Dow futures about 1% after Wall Street's four-day winning streak ended Wednesday. The TSX fell about 1.7% Wednesday to near 35,040, led lower by the big banks and gold miners. The U.S. 10-year yield touched 5.36% on Wednesday, its highest since April 2002, and is hovering near 5.3% again. Markets are pricing in at least one Bank of Canada rate hike by year-end. Canada: TSX stumbles as banks and m...
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Tragedy Strikes Sumy: Over 30 Lives Lost in Missile Attack

In a devastating turn of events, a Russian missile strike on the Ukrainian city of Sumy has claimed the lives of at least 32 people, including children, and left 84 others injured. The attack occurred on Palm Sunday, a day meant for peace and reflection, as two ballistic missiles struck the city center around 10:15 a.m. local time.

The aftermath painted a grim picture, with rescue teams working tirelessly amidst the rubble of destroyed buildings and burnt-out vehicles. Acting Mayor Artem Kobzar described the incident as a "terrible tragedy," emphasizing the profound loss felt by the community.

Ukrainian President Volodymyr Zelenskyy condemned the attack, calling for a global response to what he described as acts of terror. This strike marks yet another escalation in the ongoing conflict, highlighting the urgent need for international intervention and a push towards peace.

The attack on Sumy is a stark reminder of the human cost of war, leaving a community in mourning and the world grappling with the consequences of prolonged conflict.

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