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Daily Markets Update: Hot U.S. CPI Rattles Tech, Kospi Crashes 7.6%, TSX Slides 1.1% (Oct. 15)

  Thursday, October 15, 2026 | Canadian Money Brief | Daily Markets Update A hotter-than-expected U.S. inflation report turned Wednesday into a risk-off day, and the damage spread overnight to Asia, where South Korea's Kospi crashed 7.6% and triggered a market-wide circuit breaker. Here is where Canada, the U.S. and the world's other major markets stand this morning. Today's Headlines U.S. CPI hit 3.7% in September (3.6% expected, 3.4% in August), with core inflation at 2.6%. The Nasdaq fell 1.88% and the S&P 500 lost 1.11%. The TSX fell 1.11% to 35,584.46 , ending a three-day winning streak as materials plunged 4.33%. Asia sold off hard on AI valuation fears: Kospi -7.57% (seventh straight loss), Nikkei -4.90%. The loonie sits near an 18-month low at about 70.1 US cents as Fed-hike bets rise. Brent closed at US$106.06 and gold slid to a one-week low near US$4,084. Canada: TSX Ends Three-Day Win Streak The S&P/TSX Composite Index fell 399.52 points, or 1.11%, to...

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In a heart-wrenching incident that has shaken the city of Ottawa, six individuals, including four children, were found deceased in a home on Wednesday night. The Ottawa Police Service has confirmed that their homicide unit is actively investigating the case. Among the victims was an infant, tragically just months old, marking a profound loss for the community and the nation at large.

The incident occurred in the Barrhaven suburb, where authorities were called to the scene late Wednesday evening. The police have since taken one person into custody and have assured the public that there is no further threat to safety. The identities of the victims and the suspect have been released, revealing the devastating impact on a family new to Canada from Sri Lanka.

This senseless act has prompted an outpouring of grief and support from across the country, as Canadians come together to mourn the loss and extend their sympathies to those affected. The investigation continues, with more details expected to be shared by the authorities as they become available.

As the community grapples with this tragedy, questions arise about the circumstances that led to such a devastating outcome. The nation watches, waits, and hopes for answers, while holding the memories of the young lives lost in solemn remembrance.

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