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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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Ukrainian Commander Calls for Drone Expansion and Tactical Innovation Short Article:

 

Oleksandr Pivnenko, commander of the National Guard of Ukraine, speaks during an interview with Reuters, amid Russia's attack on Ukraine, in Kyiv, Ukraine November 13, 2025.


A senior Ukrainian commander has emphasized the urgent need for more drones and improved battlefield tactics as the war with Russia continues to evolve. Speaking on the challenges faced by Ukrainian forces, the commander highlighted that drones have become a critical asset in modern warfare, providing reconnaissance, precision strikes, and a technological edge against a larger adversary.

While Ukraine has made significant progress in integrating drone technology into its operations, shortages remain a pressing issue. The commander stressed that expanding drone production and refining tactical approaches are essential to counter Russia’s numerical advantage and sustain long-term defense efforts.

Military analysts note that Ukraine’s reliance on drones reflects a broader shift in warfare, where technology and adaptability often outweigh sheer manpower. The call for innovation underscores Kyiv’s determination to maintain resilience and effectiveness on the battlefield.


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