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Oil Surges Past $103 as TSX Extends Losing Streak

  Markets are lower this morning as oil surges past US$103 and tech stocks remain under pressure, with the TSX coming off a fourth straight decline. Below is your ready-to-publish Canadian Money Brief update for April 29, 2026 , built from today’s market data and news. TSX slips as oil spikes and global tensions rise The S&P/TSX Composite opened at 33,584 , down 0.69% from yesterday’s close as weakness in tech and materials continues to weigh on the index. Rising geopolitical tensions and renewed uncertainty around the Iran conflict have pushed WTI crude above US$103 , lifting Canadian energy names but not enough to offset broader declines.  U.S. markets are also softer, with the S&P 500 down 0.49% and tech stocks retreating amid renewed AI growth concerns.  Oil rallies on OPEC turmoil Crude prices are up more than 3% , driven by the UAE’s announcement that it will exit OPEC and by expectations of prolonged supply disruptions tied to the Iran war.  ...
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Tragedy in Gaza: 31 Palestinians Killed Near Aid Distribution Site

At least 31 Palestinians lost their lives while attempting to receive humanitarian aid in Gaza, according to health officials and witnesses. The incident occurred near an aid distribution center operated by the Gaza Humanitarian Foundation, a US-backed organization. Reports indicate that Israeli forces opened fire on the crowds, leading to chaos and casualties.

The Palestinian Ministry of Health has blamed the Israeli military for the deaths, stating that all those killed were shot in the head or chest. Witnesses described the scene as terrifying, with people being trampled amid gunfire. Some claimed that security personnel at the distribution hub also fired on the crowd.

The Israeli Defense Forces (IDF) responded to inquiries, stating that they were “unaware of injuries caused by IDF fire within the Humanitarian Aid distribution site” and that the matter was under review. Meanwhile, the Gaza Humanitarian Foundation denied any gunfire at the distribution center, dismissing reports of deaths and injuries as false.

The tragedy has sparked outrage among Palestinians, with many questioning the safety of aid distribution efforts in the region. As the humanitarian crisis in Gaza deepens, calls for accountability and improved security measures at aid sites continue to grow.

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