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Daily Markets Update: Oil Rattles TSX Ahead of BoC Hike Week | Oct 26

  Canadian Money Brief • Daily Markets Update Monday, October 26, 2026 • Covers Friday’s North American and European closes plus Monday’s Asian session Oil took over from AI as the market’s main worry on Friday. Crude jumped above US$100 on fresh attacks on Saudi Arabia, the S&P/TSX Composite finished the week lower, and Wall Street logged a second straight weekly loss for the S&P 500. Monday brought a small reprieve: oil slipped after no weekend escalation in the Iran war, and most Asian and European markets steadied — just ahead of a week stacked with central bank decisions, including the Bank of Canada on Wednesday. The 30-second version TSX: 35,788.18 , down 185.27 points (−0.52%) Friday; −1.07% on the week. Wall Street: Dow −1.2%, S&P 500 −0.5%, Nasdaq −0.2%. Oil: WTI settled at US$103.27 ; Brent at US$116.72 . Loonie: 71.46¢ US , a five-week high. Bank of Canada: markets price roughly an 80% chance of a hike to 2.50% on Wednesday. Canada: TSX Ends the Week in the...

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Mass Displacement in Lebanon Amid Escalating Conflict

 

Lebanon is facing a humanitarian crisis as over one million people have been displaced due to escalating violence between Israel and Hezbollah. The conflict has intensified, with Israeli airstrikes targeting various locations, including the Lebanese capital, Beirut.

The Lebanese Health Ministry reports that more than 1,000 people have been killed and at least 6,000 wounded in the past two weeks. The situation has forced approximately one-fifth of the population to flee their homes, seeking safety in less affected areas or neighboring countries.

The displaced population is experiencing severe hardships. Many have found temporary refuge in places like the city of Sidon, where they sleep in parking lots, or in mountain villages like Aramoun, where locals have opened their homes to those in need. The fear and anxiety among the displaced are palpable, as they worry about their safety even in their new locations.

The conflict has also affected Syrian refugees in Lebanon, who now find themselves displaced once again. Raed Ali, a Syrian refugee, expressed his despair, stating, "We don’t know where to go. That is the problem, we don’t know what our fate is".

The international community is closely monitoring the situation, with humanitarian organizations working to provide aid and support to the displaced population. However, the ongoing violence and the potential for further escalation continue to pose significant challenges for relief efforts.

As the conflict shows no signs of abating, the displaced Lebanese population remains in a state of uncertainty and fear, hoping for a resolution that will allow them to return to their homes safely.


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