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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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Trump Vows New Tariffs on Canada, Mexico, and China, Threatening Global Trade

 

U.S. President-elect Donald Trump announced on Monday that he will impose new tariffs on products from Canada, Mexico, and China as part of his strategy to address illegal immigration and drug trafficking, particularly fentanyl. Trump stated that he will sign an executive order on his first day in office to implement a 25% tariff on all products entering the United States from Canada and Mexico, and an additional 10% tariff on goods from China.

Trump's announcement has sparked concerns among economists and trade experts, who warn that such measures could lead to higher prices for American consumers and potential retaliatory actions from the affected countries. The tariffs are expected to impact a wide range of products, including automobiles, electronics, and agricultural goods.

Canadian and Mexican officials have yet to respond to Trump's announcement, but the move is likely to strain trade relations between the three countries. The tariffs could also complicate the implementation of the United States-Mexico-Canada Agreement (USMCA), which was designed to facilitate trade and economic cooperation in North America.

As the January 20th inauguration date approaches, businesses and consumers are bracing for the potential economic fallout from these tariffs.


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