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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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Canadian Army Commander Removed Amid Social Media Scandal

 

The Canadian Army has temporarily removed the commanding officer of the Cameron Highlanders of Ottawa following disturbing revelations about a private Facebook group operated by some of the regiment’s soldiers. The group, known as the “Blue Hackle Mafia,” allegedly featured posts containing racist, misogynistic, homophobic, and antisemitic content, along with explicit images and offensive commentary.

Lt.-Gen. Michael Wright, commander of the Canadian Army, announced the removal on July 16, 2025, citing the need to uphold the military’s values and ethics. An interim officer has been appointed while investigations continue.

Military police reopened their inquiry into the group on June 27 after new evidence surfaced, including screenshots and videos showing soldiers in uniform engaging in inappropriate behavior at military installations. The group has reportedly been active since at least 2007, with members warning each other not to document their actions to avoid disciplinary consequences.

The incident has sparked a broader review of the army’s social media policies and disciplinary procedures. Wright emphasized that all involved will be granted procedural fairness, but also warned that misconduct will be met with administrative or disciplinary action.

This controversy comes amid ongoing efforts to reform the Canadian Armed Forces following years of sexual misconduct allegations and a 2022 report recommending sweeping changes.

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