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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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Trump Lifts Tariffs on Key Imports to Ease Consumer Costs

 

                    US President Donald Trump drops tariffs on coffee, fruit, beef as consumers face high prices.


In a move aimed at addressing rising consumer prices, President Donald Trump announced the removal of tariffs on beef, coffee, and tropical fruits. The decision comes after weeks of mounting concerns from households and businesses over the cost of everyday essentials.

The administration stated that lifting these tariffs will help stabilize food markets and provide relief to consumers ahead of the holiday season. Economists note that the policy shift could lower grocery bills and improve trade relations with countries that supply these goods.

While supporters welcome the measure as a step toward easing inflationary pressures, critics argue that the broader trade strategy remains uncertain. For now, shoppers may see more affordable beef, coffee, and fruit on store shelves—a tangible change in response to public concern.


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