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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 Sparks Reform: B.C. Premier Eby Announces Mental Health Act Overhaul

In the wake of the devastating Lapu-Lapu Day festival attack in Vancouver, which claimed 11 lives and left many injured, Premier David Eby has pledged to review and reform British Columbia's Mental Health Act. The suspect, who was under mental health care supervision, has raised concerns about the adequacy of current legislation in preventing such tragedies.

Eby emphasized the need for a comprehensive review to address gaps in the system and ensure public safety. Health Minister Josie Osborne will lead the initiative, supported by experts in psychiatry and concurrent disorders. While the timeline for the review remains unclear, the urgency of the matter has been underscored by calls for action from community leaders and officials.

This tragic incident has ignited a broader conversation about mental health care and public safety in the province, with many advocating for reforms that balance individual rights with community protection. The review aims to provide solutions that prevent future incidents while supporting those in need of mental health care.

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