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TSX Slides 1% as Nasdaq Drops 2.6% and Brent Hits $113: Daily Markets Update

  Canadian Money Brief • Daily Markets Update Friday, October 23, 2026 — covering Thursday’s close Wall Street’s tech-fuelled slide, a surge in oil and a plunge in gold dragged global markets lower on Thursday. The S&P/TSX Composite Index fell 351.54 points, or 0.97%, to 35,973.45 , backing off from Wednesday’s four-week closing high. The Nasdaq lost 2.60% in its worst day since early June, and Brent crude jumped 4.0% to US$113.17 , its highest settlement since May 4. The Day in 4 Lines AI-funding fears hit tech after Meta and Tesla earnings; Meta fell about 7%. Oil spiked on Houthi attacks in Saudi Arabia and Strait of Hormuz tensions. Gold tumbled about 2.8% as oil-driven inflation worries lifted rate-hike bets. The loonie edged higher on oil and Bank of Canada hike expectations. 🇨🇦 Canada: TSX Pulls Back From a Four-Week High Canada’s main index fell about 1% as weaker gold and copper prices hit mining stocks and technology shares slid on renewed worries about AI spending...
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House Prepares Vote to End Record-Breaking Shutdown

                                   Republicans currently hold a narrow 219-213 majority in the House.

The U.S. House of Representatives is set to vote on a bipartisan deal aimed at ending what has become the longest government shutdown in American history. The shutdown, which has stretched on for weeks, has left hundreds of thousands of federal workers furloughed or working without pay, while critical services have been disrupted nationwide.

The proposed agreement seeks to reopen government agencies and provide back pay to affected employees, while also addressing contentious budget issues that sparked the standoff. Lawmakers from both parties have expressed cautious optimism that the deal could finally restore normal operations and ease the strain on workers and communities across the country.

If passed, the measure would mark a significant turning point in a political impasse that has tested the resilience of federal institutions and the patience of the American public.


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