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5 Things to Know Today: TSX Hits Record High as Oil Crashes Below $80

  August 5, 2026 1. Gas prices are set to drop again Oil cratered to around $80 a barrel (Brent) today after President Trump called off a planned strike on Iran, easing fears of a Strait of Hormuz disruption. That's a sharp drop from levels above $95-100 just two weeks ago. What it means for you: Expect pump prices to keep sliding over the next few days as the drop works its way through supply chains. Worth holding off on a fill-up if you can. 2. The TSX just hit an all-time high Toronto's benchmark index jumped 1.63% to close at 35,801.59, a fresh record, riding the same wave of Middle East de-escalation and strong US earnings from companies like Palantir and Caterpillar. What it means for you: If you hold Canadian equity funds in your RRSP or TFSA, today's close is good news — but records like this are also a natural point to check you haven't drifted too heavily into any one sector. 3. The loonie is holding steady near 1.41 USD/CAD sat around 1.4072 today, little c...
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A United Vision: The Obamas Rally Behind Harris at DNC


 In a significant moment at the Democratic National Convention, Barack and Michelle Obama endorsed Vice President Kamala Harris, underscoring the historic nature of her candidacy. 

The former President and First Lady delivered impassioned speeches that not only supported Harris but also emphasized the critical juncture at which the nation stands. Barack Obama praised Harris for her readiness to lead, reflecting on the values she represents and the progress she signifies for the country. Michelle Obama, with equal fervor, highlighted Harris's qualifications and the hope she brings to a nation in need of unity and direction. 

This endorsement comes at a pivotal time, as Harris's candidacy represents not just a continuation of the Democratic legacy but also a step forward in the ongoing journey toward a more inclusive and equitable America. The Obamas' backing is expected to galvanize support as the campaign enters its final stretch, signaling a united front in the pursuit of a common vision for the future of the United States.


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