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Markets Today: TSX Notches a Fourth Straight Record as Cooling Inflation Lifts Wall Street

  August 13, 2026 The TSX closed at a record high for the fourth straight session on Wednesday as an in-line U.S. inflation reading calmed fears of a Federal Reserve rate hike next month, and futures point to more gains today. Oil is pulling back after a five-session climb, gold is sitting near two-month highs, and the loonie is holding close to an eight-week high — all while the clock ticks down on Ottawa's Aug. 19 tariff deadline. The 60-second version: Cooling U.S. CPI (3.4% annual, in line with forecasts) pushed Fed rate-hike odds for September down to roughly 36% from 48% a day earlier. The TSX closed at 36,662.14, Wall Street sits just below record territory, and Asian and European markets are following through higher this morning. Oil has eased toward $82–88 a barrel and gas prices should hold steady to slightly lower. Canada is still 6 days from the Aug. 19 tariff deadline, and as of this morning, Ottawa says the latest U.S. offer isn't good enough. TSX: Fourth Straigh...

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Tragedy in Valencia: Floods Claim 205 Lives, Sparking Anger and Calls for Aid

 

Three days after devastating flash floods swept through towns in Spain’s Valencia region, the death toll has risen to 205, with 202 victims from Valencia alone. The initial shock is now giving way to anger and frustration as residents grapple with the aftermath of Spain’s deadliest natural disaster in living memory.

The floods, which began on Tuesday, have left streets blocked by vehicles and debris, trapping some residents in their homes. Many areas are still without electricity, running water, or stable telephone connections. The damage is reminiscent of a tsunami, with survivors mourning lost loved ones and struggling to rebuild their lives.

Local authorities and emergency services are working tirelessly to search for missing persons, many feared to be trapped in wrecked vehicles or flooded garages. The mayor of Chiva, Amparo Fort, described the situation as “unbelievable” and called for more machinery and aid to access affected sites.

Residents like Emilio Cuartero from Masanasa have voiced their desperation, highlighting the urgent need for basic supplies such as bread and water. The community’s resilience is evident as they come together to clear debris and support one another, but the scale of the disaster has left many feeling overwhelmed and in need of greater assistance.

As the region continues to recover, the solidarity among the people of Valencia offers a glimmer of hope amidst the devastation.


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