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Oil Crashes 7% as U.S.–Iran Truce Sparks a Global Market Rally: Your July 27 Markets Update

  Monday, July 27, 2026 Markets are waking up to the biggest piece of good news in weeks. Over the weekend, the United States paused its nearly two-week airstrike campaign against Iran, and Tehran said it would halt retaliatory strikes in return. Oil prices — which had spiked above $100 a barrel on Middle East fears — are tumbling, and stocks from Tokyo to Toronto to New York are rallying in relief. Here's what happened, and what it means for your money. 🇨🇦 Toronto Stock Exchange (TSX) The S&P/TSX Composite closed Friday at 35,369.10 , up 0.5% on the day, as gains in financials, mining, and technology offset a pullback in energy stocks after crude eased from its earlier highs. Big movers Friday: Constellation Software +4%, Shopify +1.6%, and Agnico Eagle +0.7% on higher gold, while Celestica tumbled 8.7% tracking a chip-stock selloff, and Cenovus dipped ahead of its July 29 earnings. With oil sinking sharply again this morning, expect energy names (Suncor, Canadian Natural, C...
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Riding the Edge: Surfers Brace for Hurricane Erin’s Swell in Nova Scotia

 

                                       Surfers await Hurricane Erin’s potentially dangerous waves in Nova Scotia 


Along the rugged coastline, boards waxed and wetsuits zipped, local surfers are gathering in anticipation of Hurricane Erin’s looming swells. The Category 2 storm, tracking northeast through the Atlantic, is expected to push large, powerful waves toward the province within the next 48 hours.

While authorities have issued warnings about hazardous surf and strong rip currents, the region’s tight-knit surfing community is eyeing what could be some of the most formidable waves of the season. Seasoned surfers say they’re prepared for the risk, balancing thrill with caution.

“This is nature at its most raw,” one Halifax-based surfer explained. “You respect it, you prepare for it, and you never underestimate it.”

Emergency services continue to advise the public to steer clear of unguarded beaches, as conditions can change rapidly. For those venturing out, the message is clear: skill, preparation, and respect for the ocean are non-negotiable.

The coming days will test the limits — of both the surfers’ mettle and Mother Nature’s power.

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