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Weekly Market Snapshot: TSX Notches a Fourth Straight Record, Loonie Hits an 8-Week High

  August 15, 2026 It was a record-setting week on Bay Street — four straight closing highs for the TSX, a fresh all-time high on Wall Street's S&P 500, and gold parked stubbornly above $4,300 an ounce. But Friday brought a reality check: soft U.S. retail sales data snapped the TSX's six-session winning streak, its longest since April, and pulled Wall Street off its records too. Underneath it all, the loonie quietly had its best week in months, and the clock on Canada's Aug. 19 tariff deadline is now down to single digits. Here's everything that moved your money this week, and what's on deck next. 🇨🇦 TSX: Four Records, Then a Friday Pullback The S&P/TSX Composite piled on top of last Friday's record close (36,381.23) with four more record finishes in a row — Monday through Thursday — before profit-taking set in Friday after a weak U.S. retail sales report soured the mood across North American markets. Day Close Change Mon, Aug 10 36,458.33 +0.2% (recor...
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Canada Loses Appeal of FIFA Penalty in Olympic Drone Spying Scandal

 


In a significant setback for Canadian soccer, the Court of Arbitration for Sport (CAS) has dismissed Canada’s appeal against a six-point deduction imposed by FIFA. This penalty stems from a drone-spying scandal during the Olympic women’s soccer tournament in Paris 2024.

The controversy began when New Zealand lodged a complaint, alleging that Canadian staff used drones to spy on their training sessions before their opening match. Following an investigation, FIFA docked Canada six points and imposed one-year bans on head coach Bev Priestman and officials Joseph Lombardi and Jasmine Mander.

Despite winning both of their games, the point deduction leaves Canada with zero points in the standings. The CAS ruling, delivered just hours before Canada’s crucial match against Colombia, means the team faces an uphill battle to advance to the quarterfinals.

The Canadian Olympic Committee and Canada Soccer argued that the penalty was disproportionate and unfairly punished the athletes, who were not involved in the alleged cheating. However, the CAS upheld FIFA’s decision, emphasizing the importance of maintaining the integrity of the sport.

This ruling has significant implications for Canada’s chances in the tournament and underscores the serious consequences of violating fair play principles in international sports.


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