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Oil Craters, Wall Street Rallies — TSX Sits Out Civic Holiday

  Monday, August 3, 2026 Markets snapshot for Monday, August 3, 2026 — Canadian markets are closed today for the Civic Holiday, so today's brief covers the last TSX close, live US/European/Asian action, and commodities and currency moves you'll want to know before Tuesday's reopen. 🇨🇦 Canadian Markets — Closed for Civic Holiday The Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, and the Montreal Exchange are closed today for the Civic Holiday and will reopen Tuesday, August 4. Here's where things stood heading into the long weekend: Index (Friday, July 31 close) Level Change S&P/TSX Composite 35,226.14 ▼ 279.66 (-0.79%) Friday's pullback came courtesy of weakness in mining and technology names: gold miners slid as bullion cooled and long-term U.S. yields rose (Agnico Eagle -3.6%, Barrick -2.5%), while Shopify (-4.3%) and Celestica (-6%) dragged on tech ahead of Shopify's Q2 earnings on August 5. Telus also weighed on the index. The pullb...
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Global Technology Outage Causes Major Disruptions Worldwide

 


A widespread technology outage on July 19, 2024, has caused significant disruptions across various sectors globally. The outage, primarily affecting Microsoft services, grounded flights, knocked banks and hospital systems offline, and took media outlets off the air.

The issue, which was not a result of a cyberattack, stemmed from a faulty update deployed by cybersecurity firm CrowdStrike. This update affected computers running Microsoft Windows, leading to cascading problems in airline communications, banking systems, and media broadcasting.

Airlines in the U.S., Europe, and Asia experienced severe delays as they lost access to check-in and booking services. Banks in South Africa and New Zealand reported outages in their payment systems, while hospitals and doctor’s offices faced challenges with appointment systems. Media outlets in Australia were pushed off air for hours.

Microsoft has been working to reroute impacted traffic to alternate systems to alleviate the issue and has observed a positive trend in service availability. However, the disruptions have highlighted the global dependence on a few key technology providers and the potential vulnerabilities in such a centralized system.

This incident underscores the critical need for robust contingency plans and diversified technology solutions to mitigate the impact of such widespread outages in the future.


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