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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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Coordinated Sabotage Disrupts Internet Across France During Paris Olympics

 

In a series of coordinated attacks, unknown individuals have damaged fiber-optic cables across multiple regions in France, causing widespread internet and phone service disruptions. The sabotage occurred early Monday, coinciding with the ongoing Summer Olympics in Paris.

The attacks targeted major telecom providers, including SFR, Bouygues, and Free, affecting services in at least six different departments. The damage was inflicted using tools like axes or grinders, indicating a high level of coordination and intent.

Authorities are investigating potential links to ultra-left movements, especially given the recent arson attacks on the French rail network. The government has condemned these acts as cowardly and irresponsible, emphasizing the significant impact on both commercial operations and public services.

Efforts are underway to restore full service, with technicians working around the clock to repair the damaged infrastructure. The financial toll of the sabotage is expected to be substantial, with losses running into millions of euros.

This incident highlights the vulnerability of critical infrastructure and the need for enhanced security measures, particularly during high-profile events like the Olympics.


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