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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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Hospitals in China Overwhelmed with Post-Covid Surge in Respiratory Illnesses Among Children

 


According to recent news reports, hospitals in Beijing and northern China are struggling to cope with a surge of children with respiratory illnesses as the country enters its first winter since relaxing stringent Covid-19 controls nearly one year ago.

The situation has become so dire that wait times to see doctors stretch for hours, with hundreds of patients queuing at some children’s hospitals in major cities across northern China . An official at the Beijing Children’s Hospital told state media that the current average of more than 7,000 daily patients “far exceeds the hospital’s capacity”.

he World Health Organization (WHO) has asked China to provide more information on an increase in respiratory illnesses and “reported clusters of undiagnosed pneumonia in children”. Health officials in Beijing and other major cities in northern China have said typical seasonal illnesses, including influenza and respiratory syncytial virus (RSV), as well as mycoplasma pneumonia – a bacterial infection that typically causes mild infection and commonly affects children – were driving causes .


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