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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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Canada to Launch $36 Billion Infrastructure Fund in Upcoming Budget

Canada's Prime Minister Mark Carney speaks during a press conference, on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia, October 27, 2025. 

Canada’s federal government is preparing to unveil a sweeping $36 billion infrastructure fund as part of its upcoming budget. The initiative will target housing, transportation, and healthcare projects, aiming to stimulate economic growth while addressing pressing national needs.

The fund represents one of the most significant infrastructure commitments in recent years. By channeling billions into local projects, Ottawa hopes to ease housing shortages, modernize public transit, and expand healthcare facilities. These investments are also expected to create jobs and provide long-term economic benefits, particularly in rapidly growing urban centers.

In addition to infrastructure spending, the budget is anticipated to include measures to phase out older military fleets in order to reduce maintenance costs, while simultaneously boosting defense funding for new equipment. This dual approach reflects the government’s attempt to balance domestic priorities with international security commitments.

The timing of the announcement comes as Canada faces mounting economic pressures, including slower growth and rising costs of living. By prioritizing infrastructure, the government is signaling its intent to stimulate demand and strengthen long-term productivity.

If approved, the fund will mark a historic investment in Canada’s future, reshaping communities and reinforcing the country’s commitment to sustainable growth.


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