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Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...

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Polish MiG-29s Scramble Again as Russian Spy Plane Breaches Baltic Skies

 


Poland’s air force has intercepted a second Russian reconnaissance aircraft over the Baltic Sea in just three days, intensifying regional tensions and raising concerns among NATO allies about Moscow’s aerial provocations.

On October 28, two Polish MiG-29 fighter jets were scrambled to intercept a Russian Il-20 surveillance plane flying in international airspace. According to Poland’s Operational Command, the aircraft was operating without a filed flight plan and had its transponder turned off—standard indicators of a covert military mission.

Defense officials confirmed the incident, stating that the Polish jets successfully identified and escorted the Russian aircraft out of the area of responsibility. While the Russian plane did not violate Polish airspace, its presence so close to national borders was cause for concern.

This marks the second such encounter in less than a week. A similar interception occurred earlier, prompting heightened alert levels across NATO’s eastern flank. The repeated incursions are viewed by many defense analysts as deliberate tests of NATO’s response capabilities amid growing unease over Russian drone and aircraft activity across Europe.

The Il-20, a Soviet-era turboprop aircraft, is designed for electronic surveillance and reconnaissance. Its use in these missions underscores Russia’s continued reliance on Cold War-era tactics to gather intelligence and exert pressure on neighboring states.

Poland’s swift and coordinated response highlights its readiness to defend its airspace and support NATO’s collective security framework. As tensions simmer in the region, European allies remain vigilant, wary of further provocations that could escalate into broader conflict.


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