TSX Eyes Fresh Records as Oil Climbs and the Loonie Strengthens
Monday, August 10, 2026 Canadian and global markets head into the new week riding one of the strongest stretches of the summer. The TSX just posted its best week in about four months and closed at a fresh record Friday, Wall Street notched record closes of its own, and gold is sitting near all-time highs. The mood this morning is cautiously upbeat, but two threads are doing most of the work behind the scenes: whether Iran and Oman can actually reopen the Strait of Hormuz, and whether Ottawa and Washington can strike a deal before the August 19 tariff deadline — now just nine days away. 🇨🇦 TSX: Fresh Record, Best Week Since Early Spring The S&P/TSX Composite closed Friday at a record 36,381.23 , up 244.92 points (+0.70%) on the day. For the week, the index gained roughly 3.3% — its biggest weekly advance in about four months. Gold and mining stocks led the charge, supercharged by a blowout July jobs report: Canada added 75,100 jobs versus the roughly 17,800 economists expe...
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