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Gold Crashed 30% This Year — Now It's Climbing Again. Should Your TFSA or RRSP Be In It?

  August 12, 2026 If you've only glanced at the gold headlines this week, you've probably seen some version of "gold near two-month high." That's true — spot gold touched an intraday peak of US$4,434.84 an ounce on Tuesday, its best level since June 5, before settling back to around US$4,382. But "two-month high" undersells what's actually happened to gold in 2026, and that fuller story is the part that matters if you're deciding whether to put any of it in a TFSA, RRSP, or FHSA right now. Here's the short version: gold went nearly vertical in January, hit an all-time record, crashed by close to 30% within weeks, spent the spring and early summer languishing near US$4,000, and has spent the last six weeks clawing about 10% of that back. Where it goes from here is genuinely split among the banks that cover it professionally. That's the setup worth understanding before you buy. The wildest year gold has ever had Gold entered 2026 already o...
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Quebec Braces for Potential Influx of Migrants Amid U.S. Deportation Concerns

 

As the political landscape in the United States shifts with the return of Donald Trump to the presidency, Quebec is preparing for a possible surge in migrants. Trump’s promise to deport millions of undocumented immigrants has raised alarms in Canada, particularly in Quebec, where officials are bracing for an increase in border crossings.

Concerns Over Border Crossings

Quebec Premier François Legault has expressed concerns about the province’s capacity to handle a potential influx of migrants. He emphasized the need for robust border security and regular updates from the federal government on the situation. The closure of Roxham Road, a popular crossing point for asylum seekers, has already made the journey more perilous, pushing migrants to seek alternative, often more dangerous, routes.

Community Response

Community groups in Quebec, such as the Welcome Collective, are preparing for an increase in new arrivals. These groups are concerned about the safety of migrants, especially those who might attempt to cross in remote areas during the harsh winter months. The RCMP has also been on high alert, ready to respond to various scenarios, from a few individuals to a massive influx.

Political Reactions

The political discourse in Quebec has been heated, with leaders from different parties voicing their concerns. Parti Québécois Leader Paul St-Pierre Plamondon warned of a significant migration wave, while Frantz André from the Action Committee for People Without Status criticized the use of Trump’s election to stoke fears about asylum seekers. Meanwhile, Québec solidaire acknowledged the potential impact of U.S. deportations on Quebec but called for a balanced approach.

Looking Ahead

As the situation unfolds, Quebec remains vigilant, balancing the need for security with compassion for those seeking refuge. The province’s response will be crucial in managing the potential challenges and ensuring the safety and well-being of all residents.


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