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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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Trump’s Controversial Stance on Crimea: A Path to Peace or a Political Gamble?


In a recent interview, U.S. President Donald Trump stated that "Crimea will stay with Russia," sparking intense debate over his approach to ending the war in Ukraine. Trump emphasized that Ukrainian President Volodymyr Zelenskyy and others "understand" this position, citing historical ties and the region's predominantly Russian-speaking population. Crimea, annexed by Russia in 2014, remains a contentious issue in peace negotiations.

Trump has accused Zelenskyy of prolonging the conflict by resisting concessions, including the recognition of Crimea as Russian territory. Meanwhile, Russia continues its aggressive military actions, with recent drone strikes causing civilian casualties in Ukraine. Trump’s administration faces mounting pressure to broker a peace deal, with warnings that U.S. military aid to Ukraine could be at risk if negotiations stall.

Critics argue that Trump's stance undermines Ukraine's sovereignty and sets a dangerous precedent. Supporters, however, view it as a pragmatic step toward ending a devastating war. As the situation unfolds, the world watches to see whether this controversial strategy will lead to peace or further conflict.

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