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C$1.4254USD/CAD · Oct 9 close · +0.20%; implies a loonie near 70.2 US cents (DailyDrop quote feed)
S&P/TSX35,664.62▲1.48%10/9USD/CAD1.43▲0.20%10/9S&P 5007,811.54▲0.59%10/9WTI$91.85▲0.39%10/9Gold$4,216.30▲1.43%10/9
World · Middle EastPress ✓ 8 outlets · toll from Saudi authorities, blame from the Saudi-led coalition

A missile strike on Riyadh's main airport killed 12 and wounded 309, Saudi authorities say. The Saudi-led coalition blames Yemen's Houthis

Washington, the UN and the coalition condemned Saturday's attack. A Houthi account of this strike was not in the reports we read.

A strike on King Khalid International Airport in Riyadh on Saturday killed 12 people and wounded 309 others, Saudi Arabia's civil aviation authority said, according to AP News, ABC News (Australia), Global News and CBC. Early reports were smaller. Reuters first described a loud blast, evacuated travellers and cancelled flights; the Guardian, Radio-Canada and the Financial Times (headline only) counted "dozens" of injured; the Globe and Mail quoted an official saying missiles hit the terminal complex; and CNN cited eyewitnesses who saw several people wounded. The airport suspended operations, and the U.S. and British embassies told their citizens to stay away. ABC News called it the third attack on a Saudi airport; we did not see details of the earlier two. The Saudi-led coalition, the military alliance that has fought the Houthis in Yemen since 2015, blamed the Houthis, called the assault a war crime and promised a firm response, according to FinancialJuice, a market-news service that relays such statements. The coalition also said on X that it shot down a ballistic missile near al-Kharj, south-east of the capital, and destroyed a drone in the eastern region. We saw no Houthi claim for Saturday's strike and no independent check of the toll beyond the Saudi authority, so the figures could still change. Travellers should note that the strike hit a hub linking Saudi Arabia with Asia, Europe and North America, which is why airlines cancelled flights quickly.

Reaction came quickly. Secretary of State Marco Rubio said the United States strongly denounces the assaults and that an American was killed, FinancialJuice reported, and four outlets carried his condemnation. President Donald Trump called it "a terrible thing" and said he would review the situation, including Iran; we did not see what action he meant. UN Secretary-General António Guterres condemned the attack, and Reuters reported that major conferences planned in Saudi Arabia will go ahead anyway. The strike lands in a Gulf that was already tense: late Saturday the U.S. military said it disabled a cargo ship trying to run its blockade of Iran, Reuters reported, a story we cover separately below. For Canadians, the direct effects are travel and fuel prices. We saw no statement from Ottawa and no report of Canadian casualties. Oil's reaction cannot be read yet: West Texas Intermediate settled on Friday at US$91.85, before the attack, and oil futures reopen in New York on Sunday evening. The TSX does not trade on Monday, Thanksgiving, so Canadian investors will see the first reaction on Tuesday. The next signals are the coalition's promised response and whether flights resume at the airport. Canadian oil producers and the dollar tend to move with crude, so a rise in prices would help Alberta's finances and the loonie, while hurting drivers and truckers at the pump.

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By the numbers
12People killed at King Khalid International Airport, per Saudi authorities via AP
309Injured, per the same authority; early reports said "dozens"
US$91.85WTI crude at Friday's close, before the attack, per DailyDrop's quote feed
Politics · B.C.Press ✓ 2 outlets · the posts themselves not seen

B.C. Premier David Eby asks the Conservatives to remove their campaign director over anti-Islam posts

Premier David Eby has asked the interim leader of the B.C. Conservatives to remove the party's campaign director over anti-Islam posts, The Globe and Mail reported late Saturday. CBC reported earlier that the director was "under fire" for the posts. The party does not have a permanent leader at the moment, which is why an interim leader is named. The two outlets agree on the outline of the story; we did not see the text or dates of the posts, any reply from the director or the party, or whether other parties and Muslim organizations have weighed in.

A campaign director runs a party's election planning, so a call from a rival government leader to remove one is unusual and political: Mr. Eby leads the New Democratic Party, the Conservatives' main opponent. Whether the party acts, and how quickly, is the thing to watch.

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Word of the day
Interim leaderPolitics

A person who leads a party for a limited time while it chooses a permanent leader. An interim leader usually has the same day-to-day authority, such as hiring and firing staff, but a weaker mandate from members.


World · UkrainePress ✓ 7 outlets · casualty figures differ between reports

Trump says it is "time for Ukraine to get a new president" after Zelenskyy condemns the diesel deal with Russia

President Donald Trump said on Saturday that it is time for Ukraine to replace Volodymyr Zelenskyy as leader and blamed him for high U.S. diesel prices, BBC, CTV News, Global News, Euronews and La Presse reported. FinancialJuice relayed further remarks: Mr. Trump said Ukraine needs to hold an election, that Mr. Zelenskyy must avoid hitting Russian refineries, and, later, that Mr. Putin "would like to see a settlement," as TVA Nouvelles reported. Mr. Zelenskyy had condemned the diesel arrangement after Russian strikes that killed 15 people by one report and 21 by another. Reuters said the Kremlin called Friday's Putin-Trump call "very friendly." Russia partially lifted its diesel export ban afterwards, FinancialJuice reported.

Allies pushed back on the sanctions side. Reuters reported that Germany is sticking to its Russia sanctions, and the British government said Prime Minister Burnham told Mr. Zelenskyy the UK will intensify sanctions and that the two will meet in person soon. Bloomberg's headline said the diesel deal is unlikely to lower U.S. prices. We saw no Canadian reaction and no confirmed shipment figures.

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World · SecurityPress ✓ 3 outlets · incident details come from military and maritime notices

U.S. forces disable a cargo ship they say tried to run the Iran blockade. A tanker is hit in the Strait of Hormuz

The U.S. military said it disabled a large cargo ship in the Gulf of Oman after the crew ignored warnings and tried to breach the naval blockade on Iran, Reuters reported. U.S. Central Command, according to FinancialJuice, said a fighter jet hit the stern of the Panama-flagged Ocean Molica with a precision munition, leaving its propulsion disabled after it left an Iranian port. The Financial Times (headline only) described a U.S. strike on a commercial tanker as tensions flare.

Separately, the UK Maritime Trade Operations centre reported an incident in the Strait of Hormuz, where the master of an outbound tanker said its port side was hit by an unidentified projectile; Iran's Revolutionary Guards told state media a tanker exploded after striking a naval mine. We do not know whether those reports describe the same ship. The UAE National Guard rescued 22 people from a burning tanker, and FinancialJuice later said all 22 Indian crew members were safe. Damage and environmental impact were still unknown.

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Markets · CanadaPress ✓ 4 outlets · DailyDrop quote feed; markets closed for the weekend

Markets are shut until Monday, and the TSX stays closed for Thanksgiving. Friday's close: TSX +1.5%, WTI US$91.85

No Canadian or U.S. exchange traded on Saturday or Sunday, so the last prices are Friday's. The S&P/TSX Composite Index closed at 35,664.62, up 1.48%, and USD/CAD finished at 1.4254, up 0.2%, according to DailyDrop's quote feed. On Wall Street the S&P 500 rose 0.59% to 7,811.54, the Nasdaq 0.64% to 27,366.17 and the Dow 0.83% to 51,654.95. The 10-year Treasury yield ended at 5.244%, WTI at US$91.85 (+0.39%) and gold at US$4,216.3 (+1.43%). Bloomberg said strong earnings are keeping U.S. stocks in favour and that AI-related debt issuance is defying rising yields, with SpaceX and Broadcom planning major deals. The Financial Times, via Reuters, reported that Nvidia is in talks to invest further in the AI start-up Reflection AI or buy it.

The week ahead has a Canadian twist. Monday is Thanksgiving, so the TSX is closed, while U.S. stock markets open as usual; the U.S. bond market is closed for Columbus Day. Energy traders will have two things to price when oil futures reopen on Sunday evening: the Riyadh airport strike and the Gulf blockade incidents. FinancialJuice also said the U.S. Energy Department approved an emergency swap of up to 4 million barrels of crude from the Strategic Petroleum Reserve to ease disruption from Hurricane Isaias; we did not see the details.

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In brief
  • Philippe Couillard, the former Quebec premier, fears medical assistance in dying is going too farRadio-Canada
  • Lotto Max jackpot climbs to a record $85 millionGlobal News · CTV News · CityNews
  • Pope Leo condemns the death penalty as Mr. Trump mulls a livestreamed executionReuters
  • Two dead in a small-plane crash near Fergus, Ont.The Globe and Mail · Global News
  • 10 to 20 cm of Thanksgiving-weekend snow threatens travel in parts of AlbertaThe Weather Network
  • Canadiens beat the Red Wings 1-0 in a shootout; Leafs top the Avalanche as Nylander gets five pointsRadio-Canada · Sportsnet · TSN
  • Hurricane Simon strengthens to Category 4 as it nears Mexico's coastCBC · Castanet
  • Guardians beat the White Sox in Game 5 and advance to the ALCSCBC · Sportsnet
Seven minutes every morning, one front page — see About

Unverified — what we could not confirm

"The Riyadh death toll is final at 12." Not established. It is the figure the Saudi aviation authority gave, carried by AP and others; earlier reports said "dozens," and we saw no independent count.
"The U.S. and Iran are at war." No. The reports we read describe the U.S. disabling one cargo ship under its blockade and Mr. Trump saying he will review the situation. No strike on Iranian territory was reported (Reuters, FinancialJuice).
"The Russian diesel deal will bring pump prices down." Not shown. Bloomberg's headline says it is unlikely to lower U.S. prices, and no Canadian price effect was reported.

Influencer watch

  • Donald Trump, US President Truth Social · 10/10Trump wrote on Truth Social that he settled eight wars and is close to ending or settling two more.
  • Donald Trump, US President Truth Social · 10/10Trump wrote on Truth Social that it is "time for Ukraine to get a new President", after Zelenskyy criticised the diesel deal (BBC).
  • Donald Trump, US President Truth Social · 10/9Trump posted that Russia will immediately supply over 300,000 tons of diesel to the American and global marketplace.
  • Volodymyr Zelenskyy, President of Ukraine Telegram · 10/10Zelenskyy wrote on Telegram that Russia "thanked" the US for easing diesel sanctions by dropping guided bombs on homes in Zaporizhzhia.

Statements as posted, not fact-checked.

Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEA missile strike on Riyadh's main airport killed 12 and wounded 309, Saudi authorities say. The Saudi-led coalition blames Yemen's HouthisWorld · Middle EastB.C. Premier David Eby asks the Conservatives to remove their campaign director over anti-Islam postsPolitics · B.C.Trump says it is "time for Ukraine to get a new president" after Zelenskyy condemns the diesel deal with RussiaWorld · UkraineU.S. forces disable a cargo ship they say tried to run the Iran blockade. A tanker is hit in the Strait of HormuzWorld · SecurityMarkets are shut until Monday, and the TSX stays closed for Thanksgiving. Friday's close: TSX +1.5%, WTI US$91.85Markets · Canada