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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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Heat Wave Sweeps Ontario and Quebec: Record-Breaking Temperatures and Health Risks

 


As the mercury soars into the 30s across Ontario and Quebec this week, residents are bracing for an extended period of extreme heat and humidity. Humidex levels are stretching into the 40s, posing health risks for everyone. Here’s what you need to know:

  1. Health Impacts: Extreme heat can lead to heat exhaustion and heat stroke. Stay hydrated, avoid strenuous outdoor activities, and be vigilant about heat-related symptoms.

  2. Record-Breaking Heat: A strong ridge of high pressure over the eastern U.S. and the Great Lakes is driving this heat wave. Hot, muggy winds from the Gulf of Mexico add tropical humidity. Humidex values could reach the mid-40s in Greater Toronto, Hamilton, Ottawa, and Montreal, challenging records set during the 2018 heat wave.

  3. Air Quality Concerns: The stagnant, humid air mass may deteriorate air quality. Scattered thunderstorms could provide temporary relief, but overall, we’re in for sweltering days and sticky nights.

Remember to take precautions, stay informed about weather alerts, and prioritize your well-being during this intense heat wave. 

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