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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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Diplomatic Tensions Rise Over Alleged U.S. Covert Efforts in Greenland

                                           Denmark's Foreign Minister Lars Lokke Rasmussen.

Denmark has formally summoned the top U.S. diplomat in Copenhagen following reports that individuals linked to former U.S. President Donald Trump allegedly engaged in covert influence campaigns in Greenland.

According to Danish public broadcaster DR, at least three Americans sought to foster ties with Greenlandic political figures, business leaders, and community members in an effort to build support for the territory’s independence from Denmark — and closer alignment with the United States.

Foreign Minister Lars Løkke Rasmussen condemned any such interference as “completely unacceptable,” stressing that decisions about Greenland’s future rest solely with its people. The U.S. embassy has yet to issue a comment.

Greenland, a semi-autonomous Danish territory, holds strategic significance due to its mineral wealth and location in the rapidly changing Arctic region, where global powers are vying for influence. This latest incident underscores the geopolitical competition unfolding as climate change opens new maritime and resource opportunities.



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