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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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Snowfall Siege: Ontario Grapples with Record Snow Squalls


Ontario is currently experiencing a severe snow squall event, with some areas expected to see snowfall totals exceeding 100 cm by the end of the weekend. The powerful lake-effect snow has already blanketed Bracebridge with 55 cm of snow as of Friday evening.

The multi-day event, which began on Thursday, is predicted to continue through Sunday, bringing heavy snowfall rates of 5-10 cm per hour. Environment and Climate Change Canada has issued snow squall warnings, urging residents to prepare for rapidly changing and deteriorating travel conditions.

Communities from Kincardine to Dundalk and Parry Sound to Barrie are expected to be hit hardest, with potential whiteout conditions and near-zero visibility. Sault Ste. Marie is also bracing for significant snowfall, with accumulations of 30-50 cm anticipated.

While the snowfall is a boon for Ontario's ski resorts, it poses challenges for drivers and travelers. Authorities advise caution and staying updated on road conditions.




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