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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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Early Summer Infernos Ravage Turkey and France Amid Record Heatwave

Unseasonably high temperatures have sparked devastating wildfires in parts of Turkey and France, signaling a troubling start to the summer season. Blistering heat and dry winds have fueled fast-moving blazes, forcing evacuations and overwhelming emergency services in both countries.

In southwestern Turkey, flames tore through forested areas near the coastal province of Muğla, a region known for its natural beauty and tourist appeal. Firefighters and aerial support teams are working around the clock to contain the inferno and protect nearby villages.

Meanwhile, in southeastern France, wildfires have ignited in the Provence-Alpes-Côte d’Azur region, threatening homes and displacing residents. Authorities have issued red alerts as temperatures soar well above seasonal norms, exacerbating already dry conditions following a parched spring.

Experts warn that these fires are likely just the beginning of a long and difficult summer, with climate scientists linking the early onset of extreme heat to broader patterns of global warming.


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