Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump Orders Expansion of Migrant Facility at Guantanamo Bay

In a move that has sparked significant debate, President Donald Trump announced on Wednesday that he will sign an executive order instructing the Pentagon and the Department of Homeland Security to prepare a migrant facility at Guantanamo Bay. This directive aims to expand the existing Migrant Operations Center to full capacity, providing additional detention space for high-priority criminal aliens unlawfully present in the United States.

Trump's announcement came during the signing ceremony for the Laken Riley Act, an immigration detention measure. He emphasized the need to halt what he described as a "border invasion" and mentioned that the facility at Guantanamo Bay has 30,000 beds to detain the worst criminal illegal aliens. Homeland Security Secretary Kristi Noem supported the move, stating that resources could be established for the "worst of the worst" at Guantanamo Bay.

The decision to use Guantanamo Bay, a site historically associated with the detention of terrorism suspects, has raised eyebrows and concerns among various officials and human rights advocates. The facility, which became a detention site in 2002 under President George W. Bush, has been a contentious issue for years, with former Presidents Joe Biden and Barack Obama both attempting to shut it down during their terms.

The announcement has caught many officials at the Pentagon off guard, with some expressing uncertainty about the number of beds currently available for migrants and whether this would be a short- or long-term mission. The move is part of Trump's broader efforts to crack down on illegal immigration, which has been a central theme of his political career.


Labels:

Comments

Post a Comment