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Markets Today: Oil Tops $87 as Hormuz Doubts Grow, TSX Hits Fresh Record Ahead of Wednesday's Inflation Test

  August 11, 2026 Canada's main stock index closed at yet another record high on Monday, even as oil prices jumped 5% on fading hopes for a U.S.-Iran deal to fully reopen the Strait of Hormuz. Wall Street slipped modestly from Friday's records, gold pushed to a two-month high, and everyone's now watching the calendar: Wednesday brings the July U.S. inflation report, the data point that could decide whether the Federal Reserve hikes rates next month. 🇨🇦 Canada: TSX Notches Another Record The S&P/TSX Composite added 77.10 points, or 0.2%, to close Monday at 36,458.33 — a fresh all-time high, and the third record close in four sessions. Energy stocks led the way, jumping 3.7% as crude prices spiked, while technology added 1.1%. The gains were tempered by a rough day for Barrick Mining, which fell 6.45% after second-quarter profit and revenue came in below estimates (the company also struck a US$1.95-billion deal with Newmont to settle a long-running dispute over their s...
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Turkey Blocks Instagram Access Over Hamas Chief Post Removal

 

In a significant move, Turkey’s communications authority has blocked access to Instagram, reportedly in response to the platform’s removal of posts related to Hamas political leader Ismail Haniyeh. The Information and Communication Technologies Authority (ICTA) announced the block on Friday, though no official reason was provided.

According to local media, the block came after Instagram removed posts by Turkish users expressing condolences for Haniyeh, who was recently killed. This action follows criticism from Fahrettin Altun, the presidential communications director, who condemned Instagram for censoring messages of sympathy for Haniyeh.

Turkey, which does not classify Hamas as a terrorist organization, has a history of censoring social media platforms. The country is observing a day of mourning for Haniyeh, with flags flown at half-staff. This incident highlights ongoing tensions between Turkey and social media companies over content regulation and freedom of expression.


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