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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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Pope Francis Shows Resilience Amid Health Setback


Pope Francis, 88, is resting and recovering after a recent health setback during his two-week battle with double pneumonia. The Vatican reported that the Pope experienced an isolated bronchial spasm, which caused a sudden worsening of his respiratory condition. Doctors promptly placed him on non-invasive mechanical ventilation after aspirating vomit that had been inhaled during a coughing fit.

Despite the alarming episode, the Pope remains conscious and alert. Encouragingly, he started his day with coffee and the morning newspapers, signaling a return to some normalcy. The Vatican emphasized that his prognosis remains guarded, but there have been no further respiratory crises overnight.

This health challenge comes as Pope Francis continues to inspire millions with his resilience and dedication, even amidst personal health struggles. The global Catholic community remains united in prayer for his swift recovery.

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