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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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Gaza Reels from Israeli Strikes as Ceasefire Talks Gain Momentum

At least 60 Palestinians were killed in a series of Israeli airstrikes across Gaza late Friday into Saturday, according to health officials, as diplomatic efforts to broker a ceasefire appear to be gaining traction.

The strikes targeted multiple locations, including a shelter near Palestine Stadium in Gaza City and residential buildings, resulting in dozens of casualties. Hospitals in Gaza, including Shifa and Nasser, reported receiving scores of bodies, many of them women and children.

The escalation comes amid growing international pressure to end the 21-month-long conflict, which has claimed over 56,000 Palestinian lives, according to Gaza’s Health Ministry. U.S. President Donald Trump stated on Friday that a ceasefire agreement could be reached “within the next week,” signaling renewed diplomatic engagement.

Meanwhile, humanitarian conditions in Gaza continue to deteriorate. Food supplies remain critically low, and aid distribution has been hampered by looting and violence. Despite limited aid trickling in since mid-May, many Palestinians remain without access to basic necessities.

As negotiations resume, families of hostages and civilians alike await a breakthrough that could bring an end to the suffering on both sides.

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