Saturday, August 29, 2026 — Your quick rundown of the Canadian financial news that actually affects your wallet. 1. TSX Slides 280 Points as Fed Chair Warsh Talks Tough on Inflation The S&P/TSX composite dropped 280.33 points Friday to close at 36,553.92, even after Statistics Canada reported the economy grew at a blistering 3.3% annualized pace in Q2 — the fastest in more than three years. The pullback came after new U.S. Federal Reserve Chair Kevin Warsh used his first Jackson Hole keynote to warn that inflation "isn't slowing significantly" and that the Fed still has "work to do," reviving September rate-hike chatter south of the border. Gold miners got hit hardest as gold itself plunged more than $130 an ounce to close near $4,530, and Wall Street closed mixed-to-lower on the news. What it means for you: A hawkish Fed doesn't directly move Bank of Canada policy, but it does keep upward pressure on bond yields — the same yields that price fixed mo...
Ukraine's Retaliatory Strike: Air Force Targets Bryansk Border Post
In a decisive response to relentless drone attacks, Ukraine's air force launched a strategic strike on a border post in Russia's Bryansk region. The targeted site was identified as a key location for launching Russian attack drones, which have been terrorizing Ukrainian civilian infrastructure daily.
The operation resulted in the destruction of military equipment, communication systems, and other critical infrastructure at the border post. Ukrainian officials emphasized that this strike was a necessary measure to counteract the ongoing aggression and reduce the enemy's ability to conduct drone operations against Ukraine.
This bold move underscores Ukraine's determination to defend its sovereignty and protect its citizens from persistent threats. The strike is expected to significantly impact Russia's drone-launching capabilities in the region.
Comments
Post a Comment