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Weekly Market Snapshot: Gold's Wild Ride, TSX Slips as Warsh Rattles Markets

  It was a week that started with the TSX chasing records and ended with new Fed Chair Kevin Warsh reminding everyone the inflation fight isn't over. Big bank earnings rolled in strong, Nvidia delivered a blockbuster quarter, and gold went from a fresh record above $4,700 to a sharp Friday selloff — all in five trading days. Here's what moved your money this week, and what's coming up. 🇨🇦 Canadian Markets Index Close (Fri) Week Change S&P/TSX Composite 36,553.92 ▼ down on the week Canadian Dollar (USD/CAD) ~71.98¢ US roughly flat The TSX opened the week near record territory (36,834 Thursday, its second-highest close ever) on the strength of a clean finish to Big Five bank earnings — RBC posted a record $6.0 billion quarterly profit, CIBC's adjusted income jumped 26%, and Scotiabank's PCLs came in better than feared. But Friday turned rough: the index dropped roughly 280 points (-0.77%) to 36,553.92 as Warsh's hawkish tone hit both banks and gold miners, e...
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Trump Trial Judge Seals the Courtroom to Unleash on MAGA Lawyer


In a dramatic turn of events during Donald Trump’s criminal trial in Manhattan, Judge Juan Merchan suddenly sealed the courtroom on Monday afternoon. The reason? A heated confrontation with Robert Costello, a MAGA-friendly lawyer who played a key role in the attempted backchannel between Michael Cohen and the Trump White House in 2018.

Costello, a former prosecutor, had been reprimanded for outbursts in court whenever he was interrupted or told not to answer a question that had been objected to and sustained. As tensions escalated, Costello began to stare down the judge. Merchan took action, ordering the jury out of the room and addressing Costello directly: “Mr. Costello, I’d like to discuss proper decorum in my courtroom, OK?”.

Despite the warning, Costello continued to push boundaries. When Merchan turned around, he caught Costello staring at him again. Frustrated, the judge ordered security to seal the courtroom and ejected all journalists so he could give Costello a dressing down. When the journalists returned, Costello’s face had turned beet red, and he continued to answer questions from defense lawyer Emil Bove about his minor role in the New York criminal case against the former president.

Costello’s testimony also shed light on Michael Cohen’s behavior after the FBI raided his apartment in search of evidence related to a campaign finance crime. According to Costello, Cohen was “suicidal that day and acting very manic.” Costello had advised Cohen that cooperating with the Southern District of New York and providing truthful information about Donald Trump would resolve his legal problems by the end of the week.

The courtroom drama continues, and the clash between the judge and the MAGA lawyer adds another layer of intensity to Trump’s trial. Stay tuned for further developments as this high-stakes legal battle unfolds.

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