Current Economics
Markets are closed for the weekend. Here is a quick recap of the week that was, what is developing over the weekend, and what to watch when trading resumes Monday.
Published 2026-08-08 · Educational information only
It was a volatile week. The TSX and Dow both set fresh records Tuesday and Wednesday on easing Middle East tensions and strong earnings, before pulling back Thursday as oil prices and bond yields rose. Friday brought a rebound after a weak U.S. jobs report boosted rate-cut hopes. Gold was the standout story, climbing from around US$4,070 an ounce last Friday to above US$4,350 by this Friday morning — one of its sharpest weekly moves this year.
Talks between the U.S., Iran, and Oman over reopening the Strait of Hormuz have reportedly reached the final stages, with a proposed shipping-route agreement said to be close to signing. Because the strait carries a large share of the world's oil, any weekend announcement — good or bad — could move oil prices sharply before markets reopen Monday.
Next week's headline event is the U.S. Consumer Price Index on Wednesday, August 12, which will shape expectations for the Federal Reserve's next move. Other releases include the RBA rate decision Tuesday, U.S. Producer Price Index and UK GDP Thursday, and U.S. Retail Sales and consumer sentiment data Friday. No major Canadian data is scheduled this week; the Bank of Canada's next rate decision remains September 2.
Weekend headlines — especially anything on the Strait of Hormuz — can move markets sharply before Monday's open. If a headline over the weekend has you wondering whether to change something in your portfolio or plan, that is a good reason to book a 30-minute session on Monday rather than make a decision based on a single weekend news cycle.
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are reviewed before publishing, third-party sources can be delayed, incomplete, corrected after the fact, or simply out of date by the time you read this, and market conditions can change within minutes.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.