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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 Vows Retaliation After Strike on Bank Sepah Sparks Regional Tensions

 

                                           Bank Sepah in Tehran 


Iran has issued a sharp warning following an overnight strike on an administrative building linked to Bank Sepah in Tehran, signaling that it may target economic and banking interests tied to the United States and Israel across the region. 

What Happened

  • An administrative building associated with Bank Sepah—one of Iran’s largest public banks with longstanding military ties—was hit in a nighttime attack in Tehran. 
  • Iranian officials blamed the U.S. and Israel, calling the strike “illegitimate and unconventional.” 

Iran’s Response

  • Tehran’s Khatam al-Anbiya military command warned that the attack grants Iran “free rein” to target U.S.- and Israel-linked economic centers and banks throughout the region. 
  • Authorities advised civilians to keep their distance from regional banks amid escalating tensions. 

Broader Implications

  • The strike triggered the 37th wave of Iran’s “Operation True Promise 4,” described as the most intense phase yet. 
  • Iran also hinted at potential retaliation against technology companies and critical infrastructure linked to its adversaries. 

The situation marks a significant escalation in regional hostilities, with financial institutions now emerging as potential front-line targets in the ongoing conflict.

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