Skip to main content

Featured

Gold Crashed 30% This Year — Now It's Climbing Again. Should Your TFSA or RRSP Be In It?

  August 12, 2026 If you've only glanced at the gold headlines this week, you've probably seen some version of "gold near two-month high." That's true — spot gold touched an intraday peak of US$4,434.84 an ounce on Tuesday, its best level since June 5, before settling back to around US$4,382. But "two-month high" undersells what's actually happened to gold in 2026, and that fuller story is the part that matters if you're deciding whether to put any of it in a TFSA, RRSP, or FHSA right now. Here's the short version: gold went nearly vertical in January, hit an all-time record, crashed by close to 30% within weeks, spent the spring and early summer languishing near US$4,000, and has spent the last six weeks clawing about 10% of that back. Where it goes from here is genuinely split among the banks that cover it professionally. That's the setup worth understanding before you buy. The wildest year gold has ever had Gold entered 2026 already o...
Post a Comment
Read more

article

Labels

Tragedy Strikes During Hajj Pilgrimage: Over 300 Egyptians Succumb to Heat

 

At least 323 Egyptian pilgrims tragically lost their lives during the annual Hajj pilgrimage in western Saudi Arabia. The majority of these deaths were attributed to heat-related illnesses, according to two Arab diplomats coordinating their countries’ responses.

The Hajj, one of the five pillars of Islam, draws millions of pilgrims from around the world to Mecca. However, this year’s pilgrimage faced extreme temperatures, with the area where rituals are performed experiencing a rise of 0.4 degrees Celsius (0.72 degrees Fahrenheit) per decade due to climate change.

Among the deceased, 60 Jordanian pilgrims also succumbed to the heat. Tragically, many of the Egyptian casualties were unregistered pilgrims attempting to save money by avoiding official visas. These off-the-books pilgrims lacked access to air-conditioned facilities provided by Saudi authorities along the Hajj route.

The total death toll reported by various countries has reached 577, highlighting the severity of this heartbreaking event. Other nations, including Indonesia, Iran, and Senegal, have also reported fatalities during this year’s Hajj pilgrimage.

As we mourn the loss of these lives, it serves as a stark reminder of the challenges posed by climate change and the need for better safety measures during religious pilgrimages.


Labels:

Comments

Post a Comment