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Weekly Market Snapshot: TSX Notches a Fourth Straight Record, Loonie Hits an 8-Week High

  August 15, 2026 It was a record-setting week on Bay Street — four straight closing highs for the TSX, a fresh all-time high on Wall Street's S&P 500, and gold parked stubbornly above $4,300 an ounce. But Friday brought a reality check: soft U.S. retail sales data snapped the TSX's six-session winning streak, its longest since April, and pulled Wall Street off its records too. Underneath it all, the loonie quietly had its best week in months, and the clock on Canada's Aug. 19 tariff deadline is now down to single digits. Here's everything that moved your money this week, and what's on deck next. 🇨🇦 TSX: Four Records, Then a Friday Pullback The S&P/TSX Composite piled on top of last Friday's record close (36,381.23) with four more record finishes in a row — Monday through Thursday — before profit-taking set in Friday after a weak U.S. retail sales report soured the mood across North American markets. Day Close Change Mon, Aug 10 36,458.33 +0.2% (recor...
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Liberals Secure Fourth Mandate Amid Political Shifts

The Liberal Party of Canada has achieved a historic fourth consecutive mandate, led by Prime Minister Mark Carney. This victory marks a significant rebound for the party, which faced challenges following the resignation of former Prime Minister Justin Trudeau earlier this year. 

While the final count of seats remains uncertain, early projections suggest the Liberals may form a minority government, requiring collaboration with other parties to pass legislation. Carney, who won his Ottawa-area riding, emphasized unity and inclusivity in his victory speech, promising to govern for all Canadians. 

The election saw a dramatic collapse in support for the New Democratic Party, with leader Jagmeet Singh announcing his resignation after losing his seat. Meanwhile, Conservative leader Pierre Poilievre vowed to hold the Liberal government accountable, despite trailing in his own riding. 

This election unfolded against the backdrop of economic tensions with the United States, housing affordability concerns, and climate policy debates. Canadians now await the final seat count to determine the shape of their next government.

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