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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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Iran Barred from World Cup Participation, Minister Confirms

                                     Iran has qualified for the FIFA World Cup a total of six times       

Iran’s sports minister has announced that the country will not be taking part in the upcoming World Cup, a decision that immediately sparked debate both domestically and abroad. While the minister did not provide a detailed explanation, the announcement follows weeks of speculation about Iran’s standing with international sports bodies.

The move marks a significant setback for Iranian athletes and fans, many of whom had hoped for a strong showing on the global stage. Analysts suggest that political tensions, administrative disputes, or compliance issues with international regulations may have played a role, though no official reason has been confirmed.

The Iranian Football Federation has yet to issue a formal response, leaving many questions unanswered. For now, supporters are left grappling with disappointment as the nation faces an unexpected absence from one of the world’s most celebrated sporting events.

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