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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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Escalation Follows Summit Delay: Russia and Ukraine Trade Overnight Strikes

Russia and Ukraine exchanged heavy overnight missile attacks just hours after the White House confirmed that a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin would not take place in the immediate future.

Ukrainian officials reported that Russian strikes killed six people, including two children, in Kyiv and surrounding areas, while also triggering widespread power outages across the country. In response, Ukraine’s military said it launched Franco-British Storm Shadow missiles at a chemical plant in Russia’s Bryansk region, escalating the cross-border confrontation.

The surge in violence came as diplomatic efforts faltered. Trump and Putin had previously agreed to meet in Hungary, but Washington later announced there were “no imminent plans” for such talks. Trump described the idea of a summit as potentially a “waste of time” amid Moscow’s refusal to consider a ceasefire

The renewed strikes underscore the fragile state of diplomacy and highlight how quickly battlefield dynamics can shift when negotiations stall.


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