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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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B.C. School Districts Slash Budgets Amid Mounting Funding Pressures

 

As B.C. school districts face increasing costs, some say it's time to re-think the provincial funding model.


As students return to classrooms across British Columbia, many school districts are grappling with deep budget cuts that educators and parents say are pushing the public education system to a breaking point. Despite the provincial government’s claims of record investment, rising costs and stagnant funding growth have left districts with multimillion-dollar shortfalls.

In Kamloops-Thompson, nearly $5.8 million was trimmed from the budget, eliminating more than 70 staff positions and reducing supplies. Surrey, the province’s largest district, faced a $16-million deficit, prompting warnings of paper shortages and program cancellations. Burnaby cut $4.2 million, affecting music programs, counselling, and custodial services.

Parent advocacy groups argue that chronic underfunding is eroding inclusive education programs and essential supports for students with complex needs. They are calling for a complete overhaul of the provincial funding model to ensure stability and equity in classrooms across the province.


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