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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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Conservative Leader Poilievre Pledges Arctic Military Base and Icebreakers


In a bold move aimed at bolstering Canada's presence in the Arctic, Conservative Leader Pierre Poilievre announced plans to establish a military base, purchase two polar icebreakers for the Royal Canadian Navy, and double the size of the Canadian Rangers patrol group if his party forms the next government.

Speaking in Iqaluit, Poilievre emphasized the importance of securing Canada's northern borders and ensuring the safety and sovereignty of the Arctic region. The proposed military base would serve as a strategic hub for operations in the North, while the new icebreakers would enhance the Royal Canadian Navy's ability to navigate and patrol the increasingly accessible Arctic waters.

The expansion of the Canadian Rangers, a group responsible for patrolling the northernmost areas of Canada, would further strengthen the country's ability to respond to emergencies and protect its interests in the region.

Poilievre's pledge comes at a time when Arctic nations are increasingly focused on the strategic and economic potential of the region, driven by climate change and the melting of polar ice. The proposed initiatives are expected to create jobs and stimulate economic growth in the Arctic communities.

As the political landscape heats up, Poilievre's commitment to the Arctic is likely to resonate with voters concerned about national security and economic opportunities in Canada's northern frontiers.




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