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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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Mediation Talks Between Canada Post and Union Halted Amidst Ongoing Strike



Mediation talks between Canada Post and the Canadian Union of Postal Workers (CUPW) have been suspended, as both parties remain far apart on critical issues. The federally appointed special mediator announced the suspension, stating that the parties need time to reassess their positions.

The suspension comes after nearly two weeks of strike action by Canada Post workers, which has significantly impacted the national mail service, especially with the busy holiday season approaching. Labour Minister Steven MacKinnon expressed frustration over the breakdown in negotiations and has requested both parties to meet with him to discuss the way forward.

The mediator will re-engage with both sides as soon as productive bargaining can resume. In the meantime, the union and Canada Post are urged to come back to the table with renewed resolve.

The ongoing strike and suspension of talks have raised concerns about the timely delivery of mail and packages, leaving many Canadians anxious about the potential impact on their holiday plans.




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