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TSX Reopens to Wall Street Records as Oil Swings on Fresh Hormuz Attack Reports

  Tuesday, August 4, 2026 The TSX is back in session today after Monday's Civic Holiday closure, and it's rejoining a market that moved a lot without it. Wall Street ripped to fresh record highs Monday on a wave of Big Tech buying and a sharp drop in oil prices — only for oil to start climbing again overnight on fresh reports of an attack in the Strait of Hormuz. Here's where every major market stands as trading gets underway. 🇨🇦 TSX: Back in Session After the Holiday The Toronto Stock Exchange and Montreal Exchange were closed Monday for the Civic Holiday and resume regular trading today. The TSX's last close, Friday, July 31, left the S&P/TSX Composite at 35,226.14 , down 0.79% on the day but essentially flat over the prior week. With Wall Street posting a broad, tech-led rally in the interim, Canadian markets open today with some catching up to do — though a firmer oil price could complicate that story for energy-heavy TSX names. 🇺🇸 US Markets: Record Close, ...
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Ford Hails Progress in U.S.-Canada Trade Talks


Ontario Premier Doug Ford described his recent meeting with U.S. Commerce Secretary Howard Lutnick as "very, very productive," signaling a potential thaw in the tense trade relations between Canada and the United States. The meeting, held in Washington, D.C., focused on addressing escalating tariffs and fostering a more collaborative economic relationship.

Ford expressed optimism, stating, "The temperature's coming down," and emphasized the importance of finding common ground for the benefit of both nations. While specific details of the discussions remain under wraps, the promise of continued dialogue next week suggests a commitment to resolving trade disputes amicably.

This meeting comes amidst a backdrop of heightened tensions, with both countries imposing tariffs on each other's goods. Ford's efforts to de-escalate the situation highlight the significance of diplomacy in navigating complex international trade dynamics.

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