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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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Robert Redford, Screen Icon and Champion of Independent Film, Dies at 89

 

Robert Redford accepts an honorary Oscar during the 74th annual Academy Awards in Hollywood, March 24, 2002.

Robert Redford, the Oscar-winning actor, director, and founder of the Sundance Film Festival, has died at the age of 89 at his home in the mountains of Utah, surrounded by loved ones. His publicist confirmed he passed away in his sleep; no cause of death was disclosed.

Born in Santa Monica, California, in 1936, Redford began his career on stage before breaking into film with Barefoot in the Park (1967) alongside Jane Fonda. He became a global star with Butch Cassidy and the Sundance Kid (1969) and The Sting (1973), both opposite Paul Newman. His magnetic screen presence and versatility carried him through acclaimed roles in The Way We Were, All the President’s Men, and Out of Africa.

In 1980, Redford made his directorial debut with Ordinary People, winning the Academy Award for Best Director. Beyond Hollywood, he transformed the landscape for independent cinema by founding the Sundance Institute and its world-renowned film festival, nurturing generations of filmmakers.

Redford retired from acting in 2018 after The Old Man & the Gun, leaving behind a legacy of artistry, activism, and innovation that reshaped American film. Tributes from across the entertainment world hail him as a visionary whose influence will endure for decades.

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