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Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...
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Cyclone Chido Devastates Mayotte: Death Toll Rises

 

Cyclone Chido, one of the most powerful storms to hit the region in nearly a century, has caused widespread destruction in the French territory of Mayotte. The cyclone, which brought winds exceeding 220 kph (136 mph), has resulted in a devastating death toll, with current estimates ranging from several hundred to potentially thousands.

The French Interior Ministry confirmed at least 11 deaths, but officials warn that this number is expected to rise significantly as rescue efforts continue. The cyclone has also left hundreds injured and caused extensive damage to infrastructure, including the main hospital and airport.

Mayotte, already one of France's poorest territories, has been severely impacted, with entire neighborhoods flattened and many residents left without shelter. The French government has mobilized rescue teams and supplies from nearby territories to assist in the recovery efforts.

As the world watches, the full extent of the damage and loss of life caused by Cyclone Chido continues to unfold. The international community has expressed solidarity and offered support to the people of Mayotte during this difficult time.







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