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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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Market Watch: U.S. Stock Futures Hold Steady Amid Trade Talks

U.S. stock index futures remained subdued on Friday following a strong rally in the previous session. Investors are closely monitoring upcoming trade discussions between U.S. and Chinese representatives in Switzerland, which could shape market sentiment heading into next week.

The recent rally was fueled by a new trade agreement between the United States and Britain, sparking optimism that similar deals could ease global trade tensions. However, analysts caution that the limited scope of the agreement raises questions about its broader impact.

Meanwhile, Federal Reserve Chair Jerome Powell acknowledged heightened risks of inflation and unemployment, leaving markets in a wait-and-watch mode. At 5:36 a.m. ET, Dow E-minis were down 48 points (0.12%), while S&P 500 E-minis and Nasdaq 100 E-minis showed slight gains.

Investors will also be keeping an eye on corporate earnings, with notable movements in stocks such as Trade Desk, Pinterest, and Expedia in premarket trading. The outcome of the U.S.-China talks could set the tone for next week's market direction.


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