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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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Rio’s Deadliest Police Raid Leaves 132 Dead as Bodies Line the Streets

A mourner leans over a body, the day after a deadly police operation against drug trafficking at the favela do Penha, in Rio de Janeiro.


The death toll from a massive police operation in Rio de Janeiro has risen to 132, making it the deadliest raid in the city’s history. Residents of the Penha and Alemão favela complexes awoke to scenes of horror as dozens of corpses were laid out in the streets by grieving families searching for missing relatives.

The raids, part of “Operation Containment,” targeted the powerful Comando Vermelho (Red Command) gang, a criminal faction long associated with drug trafficking and violence in Rio’s northern neighborhoods. More than 2,500 police officers, supported by helicopters and armored vehicles, were deployed in what was described as a meticulously planned crackdown.

Officials hailed the operation as a blow to organized crime, but criticism has mounted over the scale of the violence. Human rights advocates and local residents accused police of carrying out execution-style killings, pointing to the unusually high number of civilian deaths. The official tally of 132 dead is more than double the initial figure released earlier in the week.

The timing of the bloodshed has drawn international attention, coming just days before Rio is set to host COP30 climate events, bringing world leaders and global media to the city. Images of bodies lined along streets and squares have sparked outrage, with critics warning that the operation underscores Brazil’s ongoing struggle with police violence, inequality, and the militarization of public security.


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