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TSX Hits Record 36,957 as Bank Earnings Roll In, Markets Await Nvidia and Inflation Data

  The TSX closed at a fresh all-time high on Tuesday as a wave of strong bank earnings and a rally in financials and gold miners pushed the index higher, even as Canada confirmed retaliatory tariffs on roughly $20 billion of U.S. goods. On Wall Street, chip stocks rebounded ahead of Nvidia's earnings report, due after today's closing bell — the single biggest event on the market calendar this week. What It Means for You: Bank stocks jumping on strong Q3 earnings is a good sign for anyone holding a Canadian bank-heavy portfolio in a TFSA or RRSP. But today's two headline events — Nvidia's earnings and the U.S. PCE inflation report — could easily reverse the week's calm mood by tomorrow morning, so it's not a day to make big moves based on today's numbers alone. Canadian Markets Index Close Change S&P/TSX Composite 36,957.63 +243.51 (+0.66%) Canadian Dollar (USD/CAD) 1.3861 ~72.15 US cents The TSX gained 0.66% to a new record close, with financials, mater...
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US Military Strikes Another Houthi-Controlled Site After Warning Ships to Avoid Parts of Red Sea


The U.S. military early Saturday struck another Houthi-controlled site in Yemen that it had determined was putting commercial vessels in the Red Sea at risk, a day after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. 

The latest strike came after the U.S. Navy on Friday warned American-flagged vessels to steer clear of areas around Yemen in the Red Sea and the Gulf of Aden for the next 72 hours after the initial airstrikes. The warning came as Yemen’s Houthis vowed retaliation, further raising the prospect of a wider conflict in a region already beset by Israel’s war in Gaza.

The U.S.-led bombardment came in response to a recent campaign of drone and missile attacks on commercial ships in the vital Red Sea. It killed at least five people and wounded six, the Houthis said. The U.S. said the strikes, in two waves, took aim at targets in 28 different locations across Houthi-controlled areas of Yemen.

President Joe Biden had warned Friday that the Iranian-backed Houthis could face further strikes. U.S. military and White House officials said they expected the Houthis to try to strike back.


 

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