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Daily Markets Update: Hot U.S. CPI Rattles Tech, Kospi Crashes 7.6%, TSX Slides 1.1% (Oct. 15)

  Thursday, October 15, 2026 | Canadian Money Brief | Daily Markets Update A hotter-than-expected U.S. inflation report turned Wednesday into a risk-off day, and the damage spread overnight to Asia, where South Korea's Kospi crashed 7.6% and triggered a market-wide circuit breaker. Here is where Canada, the U.S. and the world's other major markets stand this morning. Today's Headlines U.S. CPI hit 3.7% in September (3.6% expected, 3.4% in August), with core inflation at 2.6%. The Nasdaq fell 1.88% and the S&P 500 lost 1.11%. The TSX fell 1.11% to 35,584.46 , ending a three-day winning streak as materials plunged 4.33%. Asia sold off hard on AI valuation fears: Kospi -7.57% (seventh straight loss), Nikkei -4.90%. The loonie sits near an 18-month low at about 70.1 US cents as Fed-hike bets rise. Brent closed at US$106.06 and gold slid to a one-week low near US$4,084. Canada: TSX Ends Three-Day Win Streak The S&P/TSX Composite Index fell 399.52 points, or 1.11%, to...
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Canadian Drivers Brace for Higher Pump Prices as Retailers Shift Rising Costs to Consumers



Rising Oil Prices Fuel Retailer Response

  • U.S. benchmark oil prices have climbed nearly 20% since recent military strikes in the Middle East.
  • Canada’s average gas price has already increased by more than 5.8%, according to Kalibrate data. 

DBRS Morningstar’s Warning

  • DBRS Morningstar reports that gas station owners are unlikely to absorb higher wholesale fuel costs.
  • Instead, they are expected to pass these increases on to consumers to maintain profitability.
  • The agency highlights that the conflict has disrupted energy infrastructure across the Middle East, tightening supply and raising global fuel prices. 

Impact on Canadian Consumers

  • Drivers across Canada should anticipate continued price hikes at the pump in the coming weeks.
  • Retailers in both Canada and the U.S. are facing similar pressures, suggesting a broader North American trend toward higher fuel costs. 


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