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Oil Surges Past $103 as TSX Extends Losing Streak

  Markets are lower this morning as oil surges past US$103 and tech stocks remain under pressure, with the TSX coming off a fourth straight decline. Below is your ready-to-publish Canadian Money Brief update for April 29, 2026 , built from today’s market data and news. TSX slips as oil spikes and global tensions rise The S&P/TSX Composite opened at 33,584 , down 0.69% from yesterday’s close as weakness in tech and materials continues to weigh on the index. Rising geopolitical tensions and renewed uncertainty around the Iran conflict have pushed WTI crude above US$103 , lifting Canadian energy names but not enough to offset broader declines.  U.S. markets are also softer, with the S&P 500 down 0.49% and tech stocks retreating amid renewed AI growth concerns.  Oil rallies on OPEC turmoil Crude prices are up more than 3% , driven by the UAE’s announcement that it will exit OPEC and by expectations of prolonged supply disruptions tied to the Iran war.  ...

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Race Against Time: Rescuers Battle Terrain to Reach Afghanistan’s Quake-Hit Villages

 

Afghan men search for their belongings amidst the rubble of a collapsed house after a deadly magnitude-6 earthquake that struck Afghanistan around midnight, in Dara Mazar, in Kunar province, Afghanistan, September 1, 2025. 


In the wake of Afghanistan’s deadliest earthquake in years, rescuers are struggling to reach remote mountain communities devastated by the 6.0-magnitude tremor. The quake, which struck just before midnight on Sunday, has claimed at least 1,411 lives, injured more than 3,100 people, and destroyed over 5,400 homes in the eastern provinces of Kunar and Nangarhar.

Blocked mountain roads, landslides, and ongoing aftershocks have hampered relief efforts, leaving some of the hardest-hit villages cut off from aid. Helicopters are ferrying supplies and evacuating the injured, while local residents dig through rubble with their bare hands in search of survivors.

The United Nations and humanitarian groups warn that the death toll is likely to rise as more isolated areas are reached. Thousands of children are at risk, with urgent needs including shelter, medical care, and clean water. Aid agencies are also working to prevent disease outbreaks by disposing of bodies and livestock quickly.

Despite the challenges, rescue teams, Taliban security forces, and volunteers continue their push into the mountains — racing against time to save lives before the harsh conditions claim more victims.


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