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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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TSX Futures Ease After Record-Breaking Rally on Rate Cut Hopes

 


Canada’s main stock index is taking a breather in premarket trading after closing at an all-time high last week. Futures on the S&P/TSX Composite slipped about 0.26% early Monday, following Friday’s surge to 28,333.13 — a record close driven by optimism that the U.S. Federal Reserve could cut interest rates as soon as September.

The rally was fueled by Fed Chair Jerome Powell’s comments at the Jackson Hole symposium, where he acknowledged rising risks to the job market while keeping inflation concerns in view. Major brokerages, including Barclays and Deutsche Bank, now expect a 25-basis-point cut next month.

Oil prices steadied amid concerns over potential Russian supply disruptions, while gold eased from a two-week high as the U.S. dollar strengthened. Investors are now eyeing key economic data this week, including Canada’s second-quarter GDP and U.S. tech earnings from Nvidia, which could influence market momentum.


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