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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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Biden Warns Iran Against Imminent Attack on Israel

 


U.S. President Joe Biden has issued a stern warning to Iran, anticipating an attack on Israel in the near future. Speaking to reporters, Biden succinctly stated, “Don’t.” He emphasized Washington’s unwavering commitment to Israel’s defense, asserting that Iran’s efforts would ultimately fail.

The escalating tensions stem from an airstrike in Damascus that claimed the lives of senior Iranian commanders, including Brig-Gen Mohammad Reza Zahedi of Iran’s elite Quds Force in Syria and Lebanon. Although Israel has not officially claimed responsibility for the attack, it is widely believed to be the perpetrator.

As the world watches with bated breath, the possibility of retaliation looms large. Countries such as the U.S., UK, India, and Australia have issued travel warnings, urging caution for their citizens in both Israel and Iran. President Biden has assured Israel of his country’s “ironclad” support in the event of an Iranian assault.

The stakes are high, and the region remains on edge. Israel’s leaders are bracing for a potential onslaught, while Iran’s actions remain uncertain. Amid this tense backdrop, the world holds its breath, hoping for restraint and de-escalation in the face of mounting hostilities.

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