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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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Sabotage Disrupts France’s High-Speed Rail Network Ahead of Olympics

 

France’s high-speed TGV rail network has been targeted by malicious acts, disrupting some of the nation’s busiest lines just hours before the Paris Olympics opening ceremony. The state-owned railway operator SNCF reported that arson attacks were carried out to damage their facilities. These coordinated acts of malice have affected several high-speed TGV lines to the west, north, and east of Paris, leading to cancellations and queues at Gare Montparnasse station in the city. SNCF warns that the situation could persist for at least the entire weekend while repairs are conducted. Stay tuned for live updates as authorities investigate this disruption.

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