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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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Ontarians to Receive $200 Rebate Cheques in January and February


Millions of Ontarians can look forward to a little extra cash in their pockets as the provincial government plans to mail out $200 rebate cheques by late January or early February. Premier Doug Ford and Finance Minister Peter Bethlenfalvy announced the tax-free rebates in October, citing higher-than-expected revenues and the impact of inflation on provincial sales tax as the reasons behind the initiative.

Eligible recipients include Ontarians aged 18 and over who filed their 2023 tax returns, with an additional $200 per child. However, those who were bankrupt or incarcerated in 2024 will not receive a payment. The rebates are expected to cost the provincial treasury about $3 billion.

While the government has denied any connection between the rebates and a potential early election, opposition leaders have criticized the move, calling it a distraction from pressing issues like health care and housing.



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