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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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Travel Insurance: A Must-Have When Travelling Outside Canada




Yes, you should buy travel health insurance before you leave Canada even for a day in the United States. Your Canadian health insurance may not pay your medical bills while you’re outside Canada. Your provincial or territorial health plan may cover none, or only a small part, of the costs of your medical care abroad. It will never pay your bills up front. Foreign hospitals can be very expensive and may require immediate cash payment. In some countries hospitals and clinics will not treat you if you do not have enough insurance or money to pay your bills. The Government of Canada will not pay your medical bills.

You can buy travel insurance through your travel agent, insurance broker, employer’s insurance provider or credit card company. Your travel health insurance policy should always cover the following 3 things: Medical evacuation, Pre-existing medical conditions and Repatriation in case of death.



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