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, THU., OCT. 8, 2026No. 4 · 6:00 p.m. ET6 p.m. ET
S&P/TSX35,145.38▲0.30%10/8USD/CAD1.42▼0.01%10/8S&P 5007,765.36▼0.47%10/8WTI$91.50▲3.60%10/8Gold$4,157.00▲0.20%10/8
Culture · NobelSource ✓ Swedish Academy citation as quoted · Press ✓ 4 outlets

Anne Carson wins the Nobel Prize in Literature

The Canadian poet, essayist and classicist is honoured for what the Swedish Academy calls her bold and inventive oeuvre.

The Swedish Academy awarded the 2026 Nobel Prize in Literature on Thursday to Anne Carson, The Globe and Mail, Global News, Radio-Canada and Le Devoir reported. The Globe quotes the citation as honouring "her bold and inventive oeuvre." Ms. Carson, born in Toronto in 1950, is known for books that refuse to stay in one form: verse novels such as Autobiography of Red, the boxed-book elegy Nox, essays on desire and loss, and translations of ancient Greek poets. She is also a classicist who has taught at universities in Canada and the United States. Those details come from her published work, not from the day's reports.

The prize puts a Canadian name back on the literature roll for the first time since Alice Munro won in 2013. Ms. Carson had appeared on lists of perennial favourites. The award carries a medal, a diploma and a sum of money set by the Nobel Foundation, to be presented in Stockholm in December.

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By the numbers
2013Last year a Canadian, Alice Munro, won the literature prize
1950Year Anne Carson was born, in Toronto
DecemberMonth the Nobel ceremonies are held in Stockholm
World · OilSource ✓ Trump's remarks as reported · Press ✓ 3 outlets · oil move from market reports

Trump says the U.S. will not strike Iran before the midterms. Oil jumps nearly 4% anyway

President Donald Trump said on Thursday that the United States will not attack Iran before the November midterm elections, The Globe and Mail, Radio-Canada and Le Devoir reported. The statement came after months in which the Strait of Hormuz has been the main source of oil-market anxiety. It did not calm crude. Brent rose nearly 4% as the Globe reported explosions in the Saudi capital and U.S. stock futures slipped, and West Texas Intermediate settled near US$91.5, up about 3.6%. In Toronto, energy shares helped lift the S&P/TSX Composite even as the U.S. S&P 500 fell 0.47%.

A pause in U.S. strikes is not a ceasefire. We found no report of an agreement with Tehran, and the Saudi explosions suggest the conflict reaches beyond the two governments. For Canadians, the main channel is pump prices and the Canadian oil sector, which gains from higher crude while households pay more.

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Word of the day
BrentMarkets

The international benchmark for crude oil, priced from North Sea cargoes. It usually trades a few dollars above West Texas Intermediate, the U.S. benchmark Canadian producers also reference.

Economy · ClimateSource ✓ Prime Minister's Office release as reported · Press ✓ 4 outlets

Carney announces a heat-pump rebate of up to $10,000 and a plan to retrofit one million homes

Prime Minister Mark Carney announced a program to help one million Canadian homes cut energy use and emissions, the federal government said in a release on Thursday. The centrepiece is a national heat-pump rebate of as much as $10,000 per household, The Globe and Mail, Radio-Canada and Le Devoir reported, expected to open early next year. The Prime Minister's Office called it a landmark investment. As of the reports we read, the total budget and the eligibility rules had not been published, so how many households can claim the maximum is not known.

The announcement revives a promise Mr. Carney made during the Liberal leadership race to restore household green incentives after the earlier Greener Homes grant stopped taking applications. Heat pumps run on electricity and replace furnaces and boilers; the savings are largest in homes now heated with oil or electric baseboards, and smaller where natural gas is cheap.

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Economy · FuelSource ✓ Parliamentary Budget Officer findings as reported · Press ✓ 3 outlets

Ottawa's gas-tax break benefits high-income families more, the PBO finds. The bill climbs to $5 billion

The Parliamentary Budget Officer says the suspension of the federal fuel excise tax saves high-income households more, in dollars, than low-income ones, The Globe and Mail reported. A PBO assessment of the break puts the savings at about $59 per household in the lowest income fifth and $211 in the highest, because richer households burn more fuel. As a share of income the pattern reverses: about $17 per $10,000 of income at the bottom and $6 at the top. Radio-Canada reported separately that the cost of the suspension has now grown to $5 billion.

The government has argued that lower pump prices spread through the economy, helping truckers and farmers as well as drivers. Critics say a broad tax break is a blunt tool and that households without a car get nothing. With oil back above US$90, the open question is when the break ends.

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Markets · CanadaSource ✓ Canadian Press close report · Press ✓ 4 outlets · U.S. oil and gold settlements from DailyDrop's quote feed

The TSX gains 0.3% as energy offsets a falling Wall Street. The loonie edges up as yield spreads narrow

The S&P/TSX Composite Index closed at 35,145.38, up 103.52 points, or 0.30%, recovering part of Wednesday's 1.7% fall to 35,041.86, according to BNN Bloomberg's Canadian Press report and Trading Economics. Energy stocks led as oil topped US$90 a barrel. The Canadian dollar traded at 70.22 US cents, from 70.14 on Wednesday, according to the Canadian Press, and The Globe and Mail said the loonie edged higher as yield spreads compressed. DailyDrop's quote feed has USD/CAD at 1.4224, little changed on the day.

On Wall Street the S&P 500 fell 0.47% to 7,765.36. West Texas Intermediate settled near US$91.5, up about 3.6%, and gold near US$4,157, up about 0.2%. The Toronto index remains below the 36,458 it closed at on Aug. 10, a record at that time.

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In brief
  • Stelco's layoffs begin in Hamilton; the Globe's Business Brief calls it "the forever trade war"Radio-Canada · The Globe and Mail
  • MPs hold their first vote on Carney's project-approval bill; Conservatives vote in favour while the NDP, labour and Indigenous leaders push backThe Globe and Mail · Le Devoir
  • Carney answers Musk: Canada's future depends only on Canadians, and the sovereignty Quebecers want is from the web giantsRadio-Canada · Le Devoir
  • Airport privatization plan must not raise fees for travellers, an industry group warnsThe Globe and Mail · CTV News
  • Margaret Hamilton, who led the Apollo program's flight software, diesRadio-Canada · Le Devoir
  • Premier Smith says voters' ability to fix errors in mail-in ballot packages shows the system works, after Global News reported thousands of ballots invalidThe Globe and Mail · Global News
  • Hegseth announces a public firing squad for the 2009 Fort Hood gunman, two days after Trump approved the methodRadio-Canada · Global News
Seven minutes every evening, one front page — see About

Unverified — what we could not confirm

"The $10,000 heat-pump rebate is open now." No. The program is expected to launch early next year; the amount is a maximum, and rules are not published (Globe and Mail, Radio-Canada, Le Devoir).
"The Iran war is over." Mr. Trump said the U.S. will not attack before the midterms. That is a pause on one side; we found no agreement with Tehran, and explosions were reported in the Saudi capital (Globe and Mail, Radio-Canada).
"Russia has reported a second plague death in Siberia." Russian health officials deny it (CBC News). The cause of the lab worker's death on Oct. 5 has still not been named.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEAnne Carson wins the Nobel Prize in LiteratureCulture · NobelTrump says the U.S. will not strike Iran before the midterms. Oil jumps nearly 4% anywayWorld · OilCarney announces a heat-pump rebate of up to $10,000 and a plan to retrofit one million homesEconomy · ClimateOttawa's gas-tax break benefits high-income families more, the PBO finds. The bill climbs to $5 billionEconomy · FuelThe TSX gains 0.3% as energy offsets a falling Wall Street. The loonie edges up as yield spreads narrowMarkets · Canada