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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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Wildfire Reaches Athens’ Outskirts, Prompting Evacuations

 

A fast-moving wildfire, driven by gale-force winds, has spread to the edge of Athens, Greece, torching trees, houses, and cars. The blaze has forced the evacuation of several hospitals and numerous towns and villages.

Key Points:

  • Firefighting Efforts: Over 670 firefighters, supported by volunteers, 183 fire engines, and 32 waterbombing planes and helicopters, are battling the fire.
  • Evacuations: At least 250 people have been evacuated, with some spending the night in shelters.
  • Weather Conditions: Strong winds and high temperatures are exacerbating the situation, with flames reaching heights of 25 meters (82 feet).
  • Government Response: Prime Minister Kyriakos Mitsotakis has returned from a holiday to oversee the response, recalling the devastating 2018 fire in Mati.

The situation remains critical as authorities continue to combat the blaze and protect residents.

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