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TSX Eyes Fresh Records as Oil Climbs and the Loonie Strengthens

  Monday, August 10, 2026 Canadian and global markets head into the new week riding one of the strongest stretches of the summer. The TSX just posted its best week in about four months and closed at a fresh record Friday, Wall Street notched record closes of its own, and gold is sitting near all-time highs. The mood this morning is cautiously upbeat, but two threads are doing most of the work behind the scenes: whether Iran and Oman can actually reopen the Strait of Hormuz, and whether Ottawa and Washington can strike a deal before the August 19 tariff deadline — now just nine days away. 🇨🇦 TSX: Fresh Record, Best Week Since Early Spring The S&P/TSX Composite closed Friday at a record 36,381.23 , up 244.92 points (+0.70%) on the day. For the week, the index gained roughly 3.3% — its biggest weekly advance in about four months. Gold and mining stocks led the charge, supercharged by a blowout July jobs report: Canada added 75,100 jobs versus the roughly 17,800 economists expe...

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Russia Unleashes Largest Drone Attack on Ukraine Ahead of War's Third Anniversary

In a dramatic escalation of hostilities, Russia launched its largest drone attack on Ukraine since the onset of the war. Ukrainian President Volodymyr Zelenskiy reported that over 200 drones were deployed in an overnight assault, marking the most significant aerial offensive to date.

The Ukrainian air force successfully intercepted 138 of the drones, while another 119 were neutralized through electronic warfare measures. Despite these efforts, damage was reported across five regions, including Dnipropetrovsk, Odesa, Poltava, Kyiv, and Zaporizhzhia.

President Zelenskiy condemned the attack as "aerial terror" and called for unity among Ukraine's allies to secure a "just and lasting peace". He emphasized the need for international support, highlighting the strength of Europe, America, and all partners committed to peace.

The attack comes on the eve of the third anniversary of Russia's full-scale invasion of Ukraine, underscoring the ongoing intensity of the conflict. As the war continues, the resilience of the Ukrainian people and the solidarity of their allies remain crucial in the face of such unprecedented aggression.



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