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TSX Holds Near Records, Gold Tops $4,700 as Markets Brace for Iran Sanctions and Jackson Hole

  Monday, August 24, 2026 Canadian and global markets opened a data-heavy week cautiously, with the TSX sitting just off record territory, gold pushing toward US$4,700/oz, and the loonie near three-month highs — all while investors wait on a U.S. announcement of new Iran sanctions and the Fed's Jackson Hole symposium later this week. Canadian Markets The S&P/TSX Composite closed Friday at 36,620.23, up 254.81 points or 0.70%, as a mining and gold-stock rally offset earlier weakness — though the index still finished the week down roughly 0.3% overall. Gains were led by gold miners (Agnico Eagle, Barrick, Wheaton Precious Metals all higher) after the U.S. Treasury signalled it would boost long-bond buybacks, pulling yields lower. Financials also firmed as softer retail sales data reinforced bets that the Bank of Canada will hold rates again at its September 2 decision. Index Close (Fri) Change S&P/TSX Composite 36,620.23 +254.81 (+0.70%) The bigger Canadian story this week is...
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Tragedy at Toronto Pearson Airport: Police-Involved Shooting Leaves One Dead

A man has died following a police-involved shooting at Toronto Pearson International Airport's Terminal 1. Peel Regional Police responded to reports of a "man in distress" early Thursday morning. According to the Special Investigations Unit (SIU), the man produced a firearm during the encounter, prompting three officers to discharge their weapons. The 30-year-old man was transported to the hospital, where he was pronounced dead. No officers were injured in the incident.

The shooting caused significant disruptions at the airport, with passengers rerouted and delays reported. Authorities have assured the public that this was an isolated incident and there are no ongoing threats to safety. The SIU is investigating the circumstances surrounding the shooting, as is standard procedure in cases involving police conduct.

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