Skip to main content

Featured

5 Things to Know Today: Oil Tops $89, the TSX Hits a Third Record, and the Tariff Clock Hits 7 Days

  August 12, 2026 — Here's what's moving markets and your wallet today. 1. Oil holds above $89 after the U.S. Navy disables a ship trying to run the Iran blockade Brent crude is holding above $89 a barrel, extending a five-session climb, after U.S. Central Command said a Navy helicopter fired on and disabled the Panama-flagged cargo ship Vela Nova as it tried to slip into an Iranian port in violation of the American naval blockade. It's the third vessel CENTCOM has disabled since the blockade returned in mid-July. Iran's foreign ministry says the Strait of Hormuz won't reopen until the blockade is lifted, even as Oman-Iran talks over shipping routes are reportedly progressing. What it means for you: Pump prices have been easing for weeks, but a sustained run above $89 Brent tends to show up at the pump within a week or two. If you're due for a fill-up and prices are still low in your area, it may be worth topping up before that catches up. 2. The TSX notches it...
Post a Comment
Read more

article

Labels

S&P 500 and Nasdaq Set to Jump as Nvidia Surge Continues


US stock indexes are poised for gains early today as Nvidia’s record-breaking surge continues. The tech-heavy Nasdaq Composite futures lead the way, up about 0.7%, while S&P 500 futures point up around 0.4%. This follows the S&P 500’s 31st record close of the year on Tuesday.

Nvidia’s meteoric rise has captured investors’ attention, with its stock up more than 170% so far this year. Just two weeks after dethroning Apple as the No. 2 most valuable company, Nvidia now claims the title of the world’s most valuable public company, surpassing Microsoft.

Elsewhere, global central banks are in focus, with the Swiss National Bank cutting rates for the second time this year. The Bank of England maintains its benchmark rate at a 16-year high but signals a potential rate cut in the summer. In the US, traders continue to bet on a Fed rate cut by September.

Keep an eye on weekly jobless claims data today for further insights into the macroeconomic landscape.


Labels:

Comments

Post a Comment