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Tariff Deadline Day: TSX Slips to 2-Week Low as Wall Street Slides and Oil Tops $93

  August 21, 2026 Today's the day: the three-day pause on Washington's 50% tariff threat on a slate of Canadian goods runs out at the end of the trading session, and as of last night nothing was signed. Add in a bond-yield-driven selloff on Wall Street, oil pushing above $93 on Middle East tensions, and gold holding near record highs, and Canadian investors have a lot to watch before the weekend. Today's snapshot: 50% Canada-U.S. tariff pause expires end of day today — no deal signed as of last night TSX closed Thursday at a two-week low as banks fell and gold miners gained Wall Street's worst day in over a week; Dow lost more than 700 points Oil near two-month highs, gold above $4,500/oz, loonie strengthening 🇨🇦 TSX: Two-Week Low as Financials Slide Canada's main index edged down to its lowest closing level since Aug. 6 on Thursday, as steep losses for the Big Five banks offset gains for resource and gold-mining shares. The pullback came even as oil prices rose, ...
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S&P 500 Soars to Record High Two Days After Trump's Inauguration

In a remarkable turn of events, the S&P 500 index reached a record high just two days after President Donald Trump's inauguration. The market surged by 0.81%, briefly trading above 6,100, driven by renewed optimism around Trump's trade policies. Investors seemed unfazed by Trump's tariff threats, focusing instead on the potential benefits of his administration's economic plans.

The Dow Jones Industrial Average also saw gains, rising by 127 points, while the Nasdaq index climbed 1.5%. Analysts attribute the market's performance to strong earnings reports and Trump's more moderate tone on trade compared to his campaign promises.

As the new administration settles in, market watchers are keenly observing how Trump's policies will shape the economic landscape in the coming months.




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