Current Economics
What's changed in markets since our last update on August 4 — Bank of Canada, the Fed, and inflation data have no new updates and are not repeated below.
Published 2026-08-05 · Educational information only
Markets were mixed Wednesday. The TSX notched another record high on strong earnings and firmer metals prices, and the Dow also closed at a fresh record, while the S&P 500 and Nasdaq pulled back slightly, ending the S&P 500's four-day winning streak.
The S&P/TSX Composite rose 344.83 points (+1%) to a record 36,146.42, led by metal mining shares and a strong earnings beat from Shopify, surpassing Tuesday's record close of 35,801.59.
The Dow added 263.24 points (+0.49%) to a record 54,349.12, boosted by Nvidia, while the S&P 500 slipped 0.17% to 7,723.55 and the Nasdaq fell 0.83% to 26,363.44, as a heavy slate of corporate earnings drove mixed moves.
The U.S. 10-year Treasury yield held steady near 4.62%, little changed from Tuesday.
The loonie was little changed, with USD/CAD last near 1.4072 (roughly CAD/USD 0.711).
Oil extended its decline, with WTI easing to about US$75.70 a barrel on continued hopes for a Strait of Hormuz resolution. Gold jumped about 2.9% to roughly US$4,196 an ounce, as falling oil eased inflation pressure and pulled real yields lower, making gold more competitive against Treasuries.
Gold and oil kept moving in opposite directions, a pattern tied to hopes for a U.S.-Iran deal over the Strait of Hormuz. A heavy earnings slate — including Shopify, Brookfield Asset Management, Manulife, and Nutrien — added to the day's swings.
Day-to-day market moves are normal and are not a reason to change a long-term plan on their own. If today's news raises questions about your own portfolio, protection, or goals, that is a good reason to book a 30-minute session rather than react alone.
Markets move daily. Start with a 30-minute session to see how today's news connects to your own plan. No guaranteed outcomes are promised.
Book a 30-Minute SessionMarket and economic figures, headlines, and commentary on this page are gathered from third-party news outlets, financial data providers, and other public resources; we do not create or verify this underlying data ourselves. While updates are reviewed before publishing, third-party sources can be delayed, incomplete, corrected after the fact, or simply out of date by the time you read this, and market conditions can change within minutes. We make no warranty as to the accuracy, completeness, timeliness, or reliability of any information sourced from third parties, and we are not liable for any loss or decision made in reliance on it, including losses arising from outdated, inaccurate, or compromised third-party data. This page is for general education only and is not personalized financial, investment, tax, or legal advice — speak with a qualified advisor before acting on anything you read here.
This website is for general information only and does not provide individual financial, investment, insurance, tax, or legal advice. Insurance coverage, eligibility, premiums, exclusions, and policy terms depend on the insurer, product, underwriting, and individual circumstances. Speak with a qualified advisor before making financial or insurance decisions.