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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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Zelensky Heads to Washington for High-Stakes Talks with Trump on Long-Range Missiles

                                           Ukrainian President Volodymyr Zelensky

Ukrainian President Volodymyr Zelensky is set to travel to Washington this week for a pivotal meeting with U.S. President Donald Trump, where the focus will be on securing advanced long-range weapons and strengthening Ukraine’s air defense systems.

Zelensky confirmed that the discussions will center on U.S.-made Tomahawk missiles, which Kyiv has been lobbying for as it seeks to pressure Russia into serious peace negotiations. The missiles, with a range of up to 2,500 kilometers, could allow Ukraine to strike deep into Russian territory, though Zelensky has emphasized they would be used strictly against military targets.

The visit comes as Trump signals a renewed push to end the war in Ukraine, following his recent diplomatic efforts in the Middle East. Both leaders are expected to outline steps aimed at intensifying pressure on Moscow while exploring pathways toward eventual peace.

In addition to his White House meeting, Zelensky is scheduled to hold talks with members of Congress and U.S. defense industry leaders, underscoring Kyiv’s urgent need for sustained military and political support.


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