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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...
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Storm Éowyn: Ireland Faces Record Winds and Widespread Disruptions

 

Ireland was recently battered by the powerful and destructive Storm Éowyn, which brought record-breaking winds surpassing 180 km/h. The storm, named by weather authorities, caused widespread damage and disruptions across the country.

Record-breaking Winds and Damage

On January 24, 2025, Ireland experienced wind gusts of up to 183 km/h (114 mph) in County Galway, breaking an 80-year-old record. The storm caused unprecedented damage to the power network, leaving over 715,000 homes and businesses without electricity. Schools, public transportation, and hundreds of flights were canceled as authorities issued a rare "red" weather warning, indicating danger to life.

Impact on Daily Life

The severe weather forced people to stay indoors, with streets left deserted during the typical morning rush hour. The storm also brought waves up to 12 meters high, posing a risk of coastal flooding in low-lying areas. The Irish Electricity Supply Board described the damage as "unprecedented, widespread, and extensive," with many areas still without power.

Climate Change and Future Storms

Scientists have noted that while it is challenging to pinpoint the exact influence of climate change on individual storms, the increasing intensity of such weather events is consistent with a warming atmosphere. As the climate continues to warm, storms like Éowyn are expected to become even more intense, leading to greater damages.

Conclusion

Storm Éowyn has left a significant mark on Ireland, highlighting the need for preparedness and resilience in the face of increasingly severe weather events. As the country begins to recover, the focus will be on restoring power and ensuring the safety of all residents.



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