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TSX Steady at Records as Nvidia Beats and Gold Cools Off Its Highs

  Thursday, August 27, 2026 Wall Street closed little changed Wednesday as sticky U.S. inflation data offset optimism ahead of Nvidia's earnings — and once the chipmaker delivered, its report beat expectations and sent Asian markets, along with U.S. futures, higher overnight. Closer to home, the TSX held just below record territory even as gold miners slipped and Ottawa's new retaliatory tariffs on the U.S. took effect. Here's what moved markets and what it means for your money. 🇨🇦 Canadian Markets The S&P/TSX Composite closed roughly flat Wednesday at 36,814 points, holding near the record levels it set earlier in the week. Gold and mining names weighed on the index after bullion prices slipped on hotter-than-expected U.S. inflation data, with Agnico Eagle, Barrick, and Franco-Nevada all shedding more than 1% and Wheaton Precious Metals down over 2%. Auto-sector names BRP and Linamar also extended recent losses amid ongoing trade tensions, while convenience/retail n...
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Market Jitters: U.S. Stock Futures Slide Amid Trump’s Criticism of Fed Chair Powell

U.S. stock futures took a hit early Monday as investors reacted to President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell. The remarks, which included renewed calls for Powell’s removal, have raised concerns about the central bank’s independence and its ability to navigate monetary policy effectively.

Trump’s latest comments follow reports that his administration is exploring whether firing Powell is an option. The uncertainty surrounding the Fed’s leadership has added to market volatility, with Dow E-minis dropping 344 points (0.87%), S&P 500 E-minis falling 53.75 points (1.01%), and Nasdaq 100 E-minis declining 209.25 points (1.14%).

Investors are already grappling with broader economic concerns, including ongoing trade tensions and the potential for further interest rate cuts. The dollar weakened against major currencies, while safe-haven assets like gold saw gains. Meanwhile, major tech and growth stocks, including Tesla and Nvidia, also faced premarket declines.

With uncertainty looming over both trade policy and monetary decisions, market participants will be closely watching upcoming economic data and corporate earnings reports for further direction.

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