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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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Escalation in Sudan: RSF Drone Strikes Hit Key Targets in Port Sudan

Sudan’s paramilitary Rapid Support Forces (RSF) launched drone strikes on Port Sudan early Tuesday, targeting critical infrastructure including the airport, port, and a hotel. This marks the second attack on the city within a week, further intensifying the ongoing conflict.

The strikes disrupted air traffic, with multiple flights canceled at Cairo airport, which serves as a key transit hub for Sudan-bound travelers. Local media reported explosions and fires at the port and airport, with footage showing thick smoke rising over the area. Residents described waking up to loud blasts and witnessing flames engulf parts of the city.

Port Sudan has served as a refuge for displaced civilians and humanitarian organizations since the war erupted in April 2023. The RSF’s latest assault is seen as retaliation for recent military strikes on its base at Nyala airport in South Darfur. The paramilitary group has increasingly relied on drone warfare, allegedly receiving arms shipments from external allies, though these claims remain disputed.

The attack underscores the prolonged instability in Sudan, where two years of fighting have led to widespread displacement and famine. With no immediate resolution in sight, the conflict continues to threaten civilian lives and critical infrastructure.

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